Common use of Annual Long Term Incentive Program Clause in Contracts

Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company’s long term incentive program under the Plan, with a target equal to 400% of base salary, commencing with the 2011 fiscal year. Executive will participate in the 2011 Long Term Incentive Program on the same basis as other senior executives (non-prorated).

Appears in 1 contract

Sources: Executive Employment Agreement (Dana Holding Corp)

Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company’s 's long term incentive program under the Plan, with a target equal to 400425% of base salary, commencing with the 2011 2015 fiscal year. The Executive will shall participate in the 2011 2015-2017 Long Term Incentive Program under the Plan on the same a basis as commensurate with other senior executives (nonof the Company, provided that any incentive actually earned shall be paid on a pro-prorated)rated basis in respect of the period during the 2015-2017 performance cycle beginning on the Effective Date.

Appears in 1 contract

Sources: Executive Employment Agreement (Dana Holding Corp)

Annual Long Term Incentive Program. Executive shall be eligible for an annual awards award in 2015 pursuant to the Company’s long term incentive program under the Plan, Plan with a target equal to 400425% of base salary, commencing with . Any such award shall be subject to the 2011 fiscal year. Executive will participate in the 2011 Long Term Incentive Program on the same basis as other senior executives (non-prorated)provisions of Sections 6.4 and 6.5 below.

Appears in 1 contract

Sources: Executive Employment Agreement (Dana Holding Corp)

Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company’s long term incentive program under the Plan, with a target equal to 400% of base salary, commencing with the 2011 awards granted to senior executives in fiscal year. Executive will participate 2010, as determined in the 2011 Long Term Incentive Program on sole discretion of the same basis as other senior executives (non-prorated)Compensation Committee of the Board or the Board. The Company’s intent is to provide a long term incentive program that is market competitive for comparable industry positions.

Appears in 1 contract

Sources: Executive Employment Agreement (Dana Holding Corp)