Long Term Incentive Grant. In exchange for Executive agreeing to be bound by this Agreement, Fxxxxxx Mac further agrees to provide Executive with a long-term incentive grant as approved by the Human Resources Committee of the Fxxxxxx Mac Board of Directors on March 2, 2001. Executive’s failure to execute and return this Agreement to Fxxxxxx Mac on or before March 30, 2001, will result in Executive’s ineligibility for such long-term incentive grant otherwise provided pursuant to this Paragraph V(B).
Long Term Incentive Grant. Within sixty (60) days following the Effective date, the Company shall grant to the Executive the following shares of restrictive stock and stock options:
Long Term Incentive Grant. Executive will receive a 2006 long-term incentive grant pursuant to the terms that the Compensation and Human Resources Committee of the Fxxxxxx Mac Board of Directors approved on or about March 3, 2006; and/or
Long Term Incentive Grant. In lieu of any provision of the Amended Agreement, for the three calendar year period 2007 through 2009, the Executive shall be awarded a long-term incentive grant in restricted stock equal to 51,932 shares of SBI common stock.3 The specific terms of the award (including reasonable performance goals and provision for cliff vesting on the third anniversary of the date of grant, subject to acceleration of vesting as provided herein) under this paragraph shall be consistent with terms of a plan or program to be adopted by SBI’s Board of Directors in 2006 and implemented in 2007.
Long Term Incentive Grant. Subject to the terms and conditions of the Plan and Executive’s timely execution of a stock option agreement evidencing the option grant, the Company will grant Executive as of the Grant Date an option to purchase shares of Common Stock (the “LTI Grant”) in a share amount equal to six percent (6%) of the then outstanding shares of Common Stock as of the Grant Date. Subject to continued employment hereunder, the LTI Xxxxx shall vest monthly in thirty-six substantially equal monthly installments on each monthly anniversary of the Grant Date.
Long Term Incentive Grant. Effective upon the execution and delivery of this Agreement, Executive shall be awarded a long-term incentive grant in restricted stock equal to 78,771 shares of SBI common stock issued pursuant to SBI’s current equity plan or, subject to shareholder approval, a successor plan which contains terms and conditions which are reasonably consistent therewith. If the number of shares that may be granted under the applicable SBI equity plan is limited by the terms of such plan, the balance of the grant shall be made in the form of restricted stock units. The specific terms of the award (including reasonable performance goals and provision for cliff vesting on the fifth anniversary of the date of grant, subject to acceleration of vesting as provided herein) under this subsection shall be consistent with the terms of a plan or program to be adopted and implemented in consultation with Executive with respect to senior officers of SBI in general by SBI’s Board in 2007.
Long Term Incentive Grant. As additional consideration for entering into this Agreement, Company shall recommend to the Board of Directors or the Compensation Committee of iHM, Inc., as applicable (collectively the “Board”) that Employee be awarded a one-time Long Term Incentive Grant of 20,000 units, allocated as follows: (i) 5,000 restricted stock units and (ii) 15,000 options to acquire shares of the Company’s Class A Common Stock of iHeartMedia, Inc. (“iHM, Inc.”), pursuant to the iHM, Inc. 2019 Incentive Equity Plan (the “Plan”), and applicable award agreement, subject to approval by the Board, which recommendation shall be made no later than February 28, 2021. Employee shall participate in any annual Long-Term Incentive program instituted by the Company for its senior executives on similar terms and values Initials: Company: ____ Employee: ____ applicable to similarly situated executives holding the same level of executive seniority and responsibility, subject to approval by the Board of Directors or the Compensation Committee of iHM, Inc.
Long Term Incentive Grant. Employee shall be eligible for a one-time long term incentive (“LTI”) grant of 35,000 restricted shares of Class A Common Stock of iHeartMedia Holdings, Inc., subject to recommendation by Employee’s Manager and approval by the Board of Directors or the Compensation Committee of iHeartMedia Holdings, Inc., as applicable.
Long Term Incentive Grant. At the first meeting of the Board following the Start Date, the Company will also recommend that Executive be granted additional equity awards having an intended aggregate grant date value of $500,000 (the “LTIP Grant”), computed using the Black Scholes valuation model, subject to Employee’s continued employment through the grant date. The amount of the LTIP Gxxxx will be prorated to 75% for 2023. The LTIP Grant will consist of 50% in stock options and 50% in restricted stock units. The LTIP For each such award, the Company will recommend that the shares subject to the LTIP Gxxxx will vest over a four-year period, with 25% of such shares vesting annually over the next four years. Stock options subject to the LTIP Gxxxx will have a per share exercise price equal to the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Board. All other terms applicable to LTIP Gxxxx will be subject to the terms, definitions and provisions of the Company’s 2021 Equity Incentive Plan and form of stock option agreement and restricted stock unit agreement by and between Executive and the Parent, which documents are incorporated herein by reference.
Long Term Incentive Grant. Employee shall participate in any annual long-term incentive program instituted by the Company for its senior executives on similar terms and values applicable to similarly situated executives holding the same level of executive seniority and responsibility and consistent with prior grants made to Employee, with the actual grant subject to approval by the Board or the Committee, as applicable, in the same manner as approval for such similarly situated executives. For the avoidance of doubt, for the purpose of any such long-term incentive program and any long-term incentive award held by Employee, the terms “Cause”, “Disability” and “Good Reason” (or any analogous term) shall have the definitions set forth in this Agreement with respect to Employee.
