Equity Incentives Sample Clauses

Equity Incentives. During the Term, the Executive shall be eligible to participate, at a level comparable to similarly situated executives of the Company, in such long-term compensation arrangements as may be authorized from time to time by the Board, including any share incentive plan the Company may adopt from time to time in its sole discretion.

Equity Incentives. The Executive will be eligible for participating in the Company’s equity incentive plan(s) pursuant to the terms and conditions thereof as determined by the Board, and any award granted thereunder will be governed by an award agreement to be entered into separately between the Company and the Executive.

Equity Incentives. The Executive shall be given consideration, at least annually, for the grant of options to purchase shares of the common stock of the Company. In addition, the Executive shall be given consideration to receive awards under any stock option, stock purchase or equity-based incentive compensation plan or arrangement adopted by the Company from time to time for which executives of the Company of a comparable level are eligible to participate. The Executive’s awards under such plans and arrangements may be determined from time to time by the Compensation Committee.

Equity Incentives. The Executive shall be eligible to participate in the Company’s and the Parent’s long-term incentive plans on terms determined by the Board to be commensurate with his position and duties.

Equity Incentives. (a) Effective as of January 1, 2006, Executive was awarded 125,000 Performance Restricted Share Units (“PRSUs”). These PRSUs, adjusted for the December 2006 3 for 2 stock split, now equal 187,500 PRSUs. As of the Effective Date, none of the PRSUs were vested. If Executive has been continuously employed by Company from the Effective Date through December 31, 2009, the PRSUs will vest on December 31, 2009 based on the Company’s performance as compared to its peers over the three year period beginning January 1, 2007 and ending on December 31, 2009, in accordance with Exhibit B. The peer banks were selected by the Committee at the beginning of the three-year vesting period. Not later than March 15, 2010, but effective as of January 1, 2010, Company will issue to Executive one Bonus Share (as defined in the 2003 Plan) in respect of each vested PRSU. (b) Notwithstanding the foregoing, if Executive’s employment hereunder shall be terminated by Company for any reason other than those encompassed by paragraphs 2.2(c) or (d), effective as of the date of termination Company shall issue Bonus Shares to Executive in accordance with the following table: 2007 62,500 2008 125,000 2009 187,500 (c) Notwithstanding the foregoing, upon a Change of Control, the 187,500 PRSUs shall fully vest, and all Bonus Shares which may be issued as a result of the vesting of such PRSUs shall be issued effective as of the date of the Change of Control. (d) The aggregate number of shares of Company Stock which may be awarded hereunder to Executive shall be appropriately adjusted for any increase or decrease in the number of outstanding shares of Company Stock resulting from a stock split or other subdivision or consolidation of shares of Company Stock or for other capital adjustments or payments of stock dividends or distributions or other similar increases or decreases in the outstanding shares of Company Stock without receipt of consideration by Company. (e) In the event that Executive receives shares of Company Stock in connection with the settlement of PRSUs under this Section and the Company subsequently (i) determines that it must file a formal restatement of its previously filed financial statements with the Securities and Exchange Commission, and (ii) as a result of the restatement the Board makes a formal determination that some portion of the Executive’s PRSUs were not properly vested due to a change in actual performance results due to such restatement, then the Company and Execu...

Equity Incentives. To the extent the Company adopts and maintains a share incentive plan, the CFO will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

Equity Incentives. The Executive shall be eligible to participate in equity incentive programs established by the Company from time to time in accordance with the terms of those programs.

Equity Incentives. To the extent the Company adopts a share incentive plan, the Director will be eligible to participate in such plan pursuant to the terms thereof as determined by the Board.

Equity Incentives. Executive may receive additional equity awards, at times and on terms determined by the Committee in its discretion.