Annual Equity (Long-Term Incentive) Awards Sample Clauses

Annual Equity (Long-Term Incentive) Awards. Subject to the approval of the Board and/or the Committee, Executive shall be eligible for annual equity (long-term incentive) awards in the form of shares of restricted and/or non-vested Company common stock and/or securities exercisable for or convertible into shares of Company common stock pursuant to the terms of the Company’s 2008 Omnibus Incentive Compensation Plan (or any successor plan), commencing contemporaneously with the 2011 long-term incentive award grants to the Company’s other executive officers and continuing each year thereafter. Executive hereby agrees and acknowledges that the actual value of awards, if any, will be based upon Executive’s performance and the metrics used for other executive officers of the Company, provided that no greater than sixty percent (60%) of the target value of any such annual long-term incentive award shall be subject to performance-based (as opposed to tenure-based) vesting conditions, as established by the Board and/or the Committee.
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Annual Equity (Long-Term Incentive) Awards. Subject to the approval of the Board and/or the Committee, Executive shall be eligible for annual equity (long-term incentive) awards in the form of shares of restricted and/or non-vested Company common stock and/or securities exercisable for or convertible into shares of Company common stock pursuant to the terms of the Company’s 2008 Omnibus Incentive Compensation Plan (or any successor plan), commencing contemporaneously with the 2010 long-term incentive award grants to the Company’s other executive officers and continuing each year thereafter. The target value of Executive’s annual long-term incentive grant opportunity for 2010 shall not be less than Three Hundred Thousand Dollars ($300,000), and the maximum value of such 2010 annual long-term grant opportunity shall be no greater than Nine Hundred Seventy-Five thousand Dollars ($975,000) (in each case such value is to be determined in accordance with the Company’s methodologies for valuing such awards at the time of any such award), and, in any event, will be subject to the approval of the Board and/or the Committee. Executive hereby agrees and acknowledges that the actual value of awards, if any, will be based upon Executive’s performance and the metrics used for other executive officers of the Company, provided that no greater than sixty percent (60%) of the target value of any such annual long-term incentive award shall be subject to performance-based (as opposed to tenure-based) vesting conditions, as established by the Board and/or the Committee.
Sample 1
Annual Equity (Long-Term Incentive) Awards. Subject to the approval of the Board and/or the Committee, Executive shall be eligible for annual equity (long-term incentive) awards in the form of shares of restricted and/or non-vested Company common stock and/or securities exercisable for or convertible into shares of Company common stock pursuant to the terms of the Company’s 2008 Omnibus Incentive Compensation Plan (or any successor plan), commencing contemporaneously with the 2010 long-term incentive award grants to the Company’s other executive officers and continuing each year thereafter. Executive hereby agrees and acknowledges that the actual value of awards, if any, will be based upon Executive’s performance and the metrics used for other executive officers of the Company, provided that no greater than sixty percent (60%) of the target value of any such annual long-term incentive award shall be subject to performance-based (as opposed to tenure-based) vesting conditions, as established by the Board and/or the Committee. The target value of Executive’s annual long-term incentive grant opportunity for 2010 shall not be less than One Hundred Twelve Thousand, Five Hundred Dollars ($112,500); the value of the tenure-based portion of Executive’s 2010 long long-term incentive grant opportunity shall be no less than Forty-Five Thousand Dollars ($45,000); the minimum value of the performance-based portion of Executive’s 2010 long-term incentive grant opportunity shall be no less than Thirty-Three Thousand, Seven Hundred Fifty Dollars ($33,750); and the maximum value of the performance-based portion of Executive’s 2010 long-term incentive grant opportunity shall be no greater than One Hundred One Thousand, Two Hundred Fifty Dollars ($101,250), for a potential maximum total long-term incentive grant opportunity for 2010 equal to One Hundred Forty-Six Thousand, Two Hundred Fifty Dollars ($146,250) (in each case such value is to be determined in accordance with the Company’s methodologies for valuing such awards at the time of any such award), and all of which, in any event, will be subject to the approval of the Board and/or the Committee.
Sample 1

Related to Annual Equity (Long-Term Incentive) Awards

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

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