Common use of Equity-Based Compensation Clause in Contracts

Equity-Based Compensation. The Executive shall be eligible to participate in, and to be granted stock options, stock appreciation rights or other equity-based awards under any stock option, stock ownership, stock incentive or other equity-based compensations plans maintained by the Company for its senior executives, as determined from time to time by the Board or its Executive Compensation Committee. The basis for the Executive's participation shall be the same as for other similarly situated executives, and it is understood that awards under any such plan may be discretionary.

Equity-Based Compensation. The Executive shall be eligible to participate in, and to be granted stock options, stock appreciation rights or other equity-based awards under any under, the Company's 1995 Stock Option Plan or such other stock option, stock ownership, stock incentive or other equity-based compensations compensation plans maintained by as the Company for its senior executives, as determined shall from time to time by maintain for its senior the Board or its Executive Compensation CommitteeExecutives. The basis for the Executive's participation shall be the same as for other similarly situated executivesthe Executives, and it is understood that awards under any such plan may be discretionary.

Equity-Based Compensation. The Executive shall be eligible to participate in, and to be granted stock options, stock appreciation rights or other equity-based awards under any stock option, stock ownership, stock incentive or other equity-based compensations plans maintained by the Company for its senior executives, as determined from time to time by the Board or its Executive Compensation Committee. The basis for the Executive's ’s participation shall be the same as for other similarly situated executives, and it is understood that awards under any such plan may be discretionary.