Annual Long-Term Compensation Awards Sample Clauses

Annual Long-Term Compensation Awards. You will be eligible to receive annual grants of long-term compensation, as determined by the Compensation Committee, based on a target value of Two Million Dollars ($2,000,000). Your first annual long-term compensation award will be made in January 2006 and will be allocated 70% to stock options and 30% to performance-based restricted share units; such stock options and restricted share units will vest over a four-year period, subject to achievement of the performance goal for the restricted share units.