Annual Equity Incentive Awards. During the Employment Term, the Executive shall be entitled to participate in the Company’s 2007 Stock and Incentive Plan (the “SIP”), or such other equity incentive plan as is deemed appropriate by the MDCC, and to receive annual long-term equity incentive awards in a form and amount determined by the MDCC. The Company’s award cycle under the SIP currently takes place in the November timeframe each year.
Annual Equity Incentive Awards. With respect to each fiscal year of the Company during the Employment Period, the Executive shall receive annual equity incentive award grants (“Annual Equity Awards”) with respect to a number of shares of Company common stock (whether in the form of stock options, restricted stock shares or restricted stock units) with a value commensurate with the Executive’s position and determined on a basis and with terms and conditions, including without limitation vesting, comparable to similarly situated executives of the Company.
Annual Equity Incentive Awards. During Executive’s employment as Chief Executive Officer, Executive will be eligible to participate in and will receive awards under the Company’s equity incentive award plans and programs as in effect from time to time at a level and on terms commensurate with his position as Chief Executive Officer (“Ongoing Equity Awards”). Ongoing Equity Awards are currently granted on an annual basis at or near the beginning of each fiscal year of the Company, in each case as determined by the Board or the Compensation Committee of the Board, and are expected to be granted in the form of performance-based restricted stock, restricted stock units or similar awards, in each case as determined by the Board or the Compensation Committee of the Board in their discretion from time to time. For the avoidance of doubt, all equity compensation awards are subject to approval by the Board on an annual basis or otherwise at the time of grant. This Agreement is not intended to impact any outstanding equity compensation awards that were previously granted, which awards remain unchanged and in effect in accordance with their terms.
Annual Equity Incentive Awards. During the Initial Period, the Executive shall receive annual equity incentive awards under the Company's equity-based compensation plans on terms and conditions no less favorable than those provided to other senior executives of the Company, taking into account competitive practice at comparable institutions. Notwithstanding the foregoing or any provision of any applicable plan or award agreement to the contrary, all equity incentive awards granted to the Executive during the Initial Period shall vest no later than immediately prior to the expiration of the Initial Period and shall include provisions relating to vesting and, with respect to stock options, post-termination exercise periods, upon attaining age 55 with five years of service, that are no less favorable than those in effect with respect to the equity incentive awards most recently granted to the Executive prior to the Effective Date. With respect to each fiscal year ending during the Second Period, the Executive shall receive equity incentive awards as determined by the Compensation Committee in its sole discretion.
Annual Equity Incentive Awards. During the Employment Term, Executive will be eligible to receive annual equity awards in amounts, and on such terms, as determined by the CBRE Board in its sole discretion; provided, that subject to Executive’s continued employment through the date annual awards are made to other senior executives of the Company and CBRE, Executive shall be entitled to receive a grant of restricted stock units of CBRE with a target value of $1,600,000, two-thirds of which shall vest based on continued employment with the Company and its affiliates, and one-third of which shall vest based on achievement against adjusted earnings per share performance targets, and other terms applicable to senior executives of the Company and CBRE.
Annual Equity Incentive Awards. During the Initial Period, the Executive’s annual equity incentive awards shall be no less than 90% of the value of those awarded to the Initial CEO and shall have terms and conditions no less favorable than those applicable to the Initial CEO, other than any such terms relating to vesting prior to the expiration of the Initial Period. With respect to each fiscal year ending during the Second Period, the Executive shall receive equity incentive awards as determined by the Compensation Committee in its sole discretion.
