Common use of Equity Compensation Plans Clause in Contracts

Equity Compensation Plans. During the Employment Term, the Executive shall be eligible to receive annual equity-incentive compensation in the Parent to be awarded in the sole discretion of the Committee at levels commensurate with the benefits provided to other senior officers and with adjustments appropriate for his position as the Chief Financial Officer. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and agreements, and in all cases shall be as determined by the Committee.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Bulk Shipping Inc.), Employment Agreement (Eagle Bulk Shipping Inc.)

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Equity Compensation Plans. During the Employment Term, the Executive shall be eligible to receive annual equity-incentive compensation in the Parent to be awarded in the sole discretion of the Committee at levels commensurate with the benefits provided to other senior officers and with adjustments appropriate for his position as the Chief Financial Executive Officer. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and agreements, and in all cases shall be as determined by the Committee.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Bulk Shipping Inc.), Employment Agreement (Eagle Bulk Shipping Inc.)

Equity Compensation Plans. During the Employment Term, the Executive shall be eligible to receive annual equity-incentive based compensation in the Parent to be awarded in the sole discretion of the Committee at levels commensurate if the Company and Executive achieve certain performance targets set by the Committee with respect to each fiscal year of the benefits provided to other senior officers and with adjustments appropriate for his position as Company ending during the Chief Financial OfficerEmployment Term. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and agreements, and in all cases shall be as determined by the Committee.

Appears in 2 contracts

Samples: Award Agreement (Endo Health Solutions Inc.), Stock Option Agreement (Endo Pharmaceuticals Holdings Inc)

Equity Compensation Plans. During the Employment Term, the Executive shall be eligible to receive annual equity-incentive compensation in the Parent to be awarded in the sole discretion of the Committee at levels commensurate with the benefits provided to other senior officers and with adjustments appropriate for his position as the Chief Financial Officer. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and agreements, and in all cases shall be as determined by the Committee.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bulk Shipping Inc.)

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Equity Compensation Plans. During the Employment Term, the Executive shall be eligible to receive annual equity-incentive compensation in the Parent to be awarded in the sole discretion of the Committee at levels commensurate with the benefits provided to other senior officers and with adjustments appropriate for his position as the Chief Financial OfficerExecutive Officer and Chairman of the Board. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and agreements, and in all cases shall be as determined by the Committee.

Appears in 1 contract

Samples: Employment Agreement (Eagle Bulk Shipping Inc.)

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