EX-10.3
ADAMAS TRUST, INC.
Document
Exhibit 10.3
ADAMAS TRUST, INC.
2017 EQUITY INCENTIVE PLAN
2024 PERFORMANCE SHARE UNIT
TIME OF SETTLEMENT ELECTION FORM
Please complete this Time of Settlement Election Form (the “Election Form”) and return a signed copy to the Company’s Chief Financial Officer , no later than June 30, 2026 if you would like to defer settlement of the award of performance share units (“PSUs”) or dividend equivalents corresponding to such PSUs (“Dividend Equivalents”) under the Adamas Trust, Inc. 2017 Equity Incentive Plan, as amended from time to time (the “LTIP”) granted to you on [_________], 2024 (the “2024 PSU Award”) to a later date.
Participant: _______________________
NOTE: This Election Form relates to the 2024 PSU Award. If you do not complete this Election Form, payment of the PSUs will be made to you at the time specified in the award agreement governing the 2024 PSU Award (the “Agreement”). If you do wish to make a Deferral Election, all sections of this Election Form must be completed.
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