Executives’ Long-Term Incentive Plan Sample Clauses
Executives’ Long-Term Incentive Plan. Executive’s Performance-LTI shall be governed by the Company’s Executives’ Long-Term Incentive (the “LTI”) plan, designed to align with the overall objectives of the Executive Team. The LTI plan will incorporate relevant financial and strategic goals established by the Company. The Compensation Committee will determine specific performance targets and potential awards in accordance with the LTI plan and will reflect distinct KPI goals tailored specifically for each component, developed collaboratively by the Board, the Compensation Committee, and the Company’s Executive Team. If performance falls below the established thresholds or other criteria set by the Compensation Committee, the Compensation Committee may eliminate or decrease the amount of the total potential Performance-LTI component. Conversely, if performance exceeds expectations, the Compensation Committee may award an increased amount of the Performance-LTI component, as determined under the terms of the LTI plan.
Executives’ Long-Term Incentive Plan. Flagstar shall use its reasonable best efforts to adopt and implement a Long-Term Incentive Plan in consultation with Executive (the “Executive's LTIP”) by no later than June 30, 2013.
Executives’ Long-Term Incentive Plan. Executive’s Performance-LTB shall be governed by the Company’s Executives’ Long-Term Incentive (the “LTI”) plan, designed to align with the overall objectives of the Executive Team. The LTI plan will incorporate relevant financial and strategic goals established by the Company. Specific performance targets and potential awards will be determined by the Compensation Committee in accordance with the LTI plan and will reflect distinct key performance indicator (“KPI”) goals tailored specifically for each component, developed collaboratively by the Board, the Compensation Committee and the Company’s Executives Team.