Company: ADAMM
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001273685-25-000038
Chunk: 100

Company: ADAMAS TRUST, INC.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 100
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 which the termination took place; (b) acceleration of any outstanding unvested equity awards held by the applicable individual; provided, however, that with respect to each award that is subject to a performance-based vesting condition, the extent to which such award shall vest and become earned shall remain subject to the applicable performance metrics calculated through the end of the applicable performance period; and (c) continued benefits for their surviving spouse or other dependents covered under the applicable individual’s health insurance policy as of the date of their death for a period of 18 months.

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If Mr. Mah’s or Ms. Nario-Eng’s employment is terminated due to their disability, they would be entitled (subject to satisfaction of the release requirements set forth in their applicable employment agreement) to the following: (a) all amounts to which they are entitled under the disability plans, programs and policies maintained by us or in connection with their employment by us; (b) COBRA reimbursements for the applicable individual and their eligible dependents for up to 18 months; and (c) acceleration of any outstanding unvested equity awards; provided, however, that with respect to each award that is subject to a performance-based vesting condition, the extent to which such award shall vest and become earned shall remain subject to the applicable performance metrics calculated through the end of the applicable performance period.

If we terminate Mr. Mah’s or Ms. Nario-Eng’s employment with Cause or if Mr. Mah or Ms. Nario-Eng terminates their employment with us for other than Good Reason, we will not have any further obligations to the applicable individual, other than payment of their full base salary through the date of termination at the rate in effect at the time notice of termination is given and all reasonable and customary expenses incurred by Mr. Mah or Ms. Nario-Eng, as applicable, in performing their duties prior to the date of termination.

Pursuant to the Mah and Nario-Eng Employment Agreements, Mr. Mah and Ms. Nario-Eng each are, under certain conditions, subject to one‑year post-employment non-competition and non-solicitation covenants, as well as confidentiality covenants.

Certain Compensation Arrangements Definitions

Certain of the restricted stock award agreements, PSU Agreements and RSU Agreements we enter into with our NEOs define the terms Retirement, Cause, or Good Reason, unless otherwise defined in an NEO’s employment, consulting and/or severance agreement with us. Because we