Additional Incentive. (a) The Compensation Committee of the Board has previously approved the grant(s) to Executive of options to purchase shares of the Company’s common stock (the “Options”) pursuant to the Company’s 2005 Equity Incentive Plan (the “Plan”). The per share exercise price applicable to the Options is 100% of the Fair Market Value (as defined in the Plan) of a share of the Company’s common stock on the grant date. The Options vest according to the terms of the grant(s), subject to earlier vesting as provided herein and in the Plan. The Options shall expire as set forth in the grant(s). Upon the occurrence of a Change in Control (as defined below), the Options shall be deemed fully vested and exercisable. In the event of any conflict between the terms and provisions of this Section 5 and the Plan, the Plan shall govern.
Additional Incentive. (a) The Compensation Committee of the Board may, at the sole discretion of the Compensation Committee, grant Executive equity awards (each an “Award”) under the Empire Resorts, Inc. 2015 Equity Incentive Plan (the “2015 Plan”). The terms of any Awards shall be as described in the award letter relating to each Award and the terms and conditions of the 2015 Plan, as applicable. In the event of any conflict between the terms and provisions of this Section 5 and the 2015 Plan, as applicable, the 2015 Plan shall govern.
Additional Incentive. The Company will provide Employee with additional incentives including stock options, a retirement plan and bonus benefits. The Company's Managers shall, within one year from the Effective Date, determine the exact form of such additional incentives, the formula to be utilized in determining the monetary benefit, and the performance criteria in awarding such work incentives.
Additional Incentive. (a) The Compensation Committee of the Board approved the grant to Executive of an option to purchase 300,000 shares of the Company’s common stock (the “Options”) on April 23, 2009 (the “Grant Date”) pursuant to the Company’s 2005 Equity Incentive Plan (the “Plan”). The per share exercise price applicable to the Options is $1.11 100% of the Fair Market Value (as defined in the Plan) of a share of the Company’s common stock on the grant date. The Options vest as follows: 100,000 Options on the grant date, 100,000 Options on the first (1st) anniversary of the Grant Date, and 100,000 Options on the second (2nd) anniversary of the Grant Date, subject to earlier vesting as provided herein and in the Plan. The Options shall expire on the fifth anniversary of the Commencement Date. Upon the occurrence of a Change in Control (as defined below), the Options shall be deemed fully vested and exercisable. In the event of any conflict between the terms and provisions of this Section 5 and the Plan, the Plan shall govern.
Additional Incentive. (1) To the extent that the average annual distributable cash flow exceeds 10.7% of Gross Long Term Assets for the 13 quarters ending September 30, 2007, the Executive Group shall receive from APL additional Units in an amount equal to 7.42% of the Base Incentive for each one tenth of one percent (0.1%) or portion thereof in excess of 10.7%, up to a maximum of the Base Incentive, to be issued (subject to compliance with securities laws) promptly following the filing of the Atlas Pipeline Partners, L.P. September 30, 2007 quarterly financial report, but in no event later than December 31, 2007.
Additional Incentive. Upon execution of this Agreement, Employee acknowledge that employee received already the option to purchase 819,000 Membership Units at a strike price of $0.10 subject to the terms and conditions more fully set forth in the “GigOptix LLC Membership Unit Option Grant Notice (Equity Incentive Plan)” dated July 1, 2007.
Additional Incentive. Each certified staff member will also be granted three (3) release days per year to visit programs in other districts or to pursue other professional growth activities. The certified staff member must consult the supervising administrator if work is required to be completed at an alternative location. Each certified staff member will be provided an opportunity to claim 7.5 hours of compensation for professional development, in lieu of these three release days. This will be an either/or option for the teacher, with no partial adjustment of the allocated release days permitted. The implementation of the incentive days will be solely directed by staff and will not be directed by administration.
Additional Incentive. An additional Incentive of up to fifteen percent (15%) may be granted based on Employee jobs created as follows: Number of Jobs Additional Incentive Percentage 100 – 150 up to 6% 151 – 200 up to 10% 201 + up to 15%
Additional Incentive. An additional Incentive of up to five percent (5%) may be given for Leadership in Energy and Environmental Design (LEED) certification.
Additional Incentive. Each teacher will also be granted two (2) release days per year to visit programs in other districts or to pursue other professional growth activities.
