Future Multi-year Incentive Programs Clause Samples

Future Multi-year Incentive Programs. Executive shall be eligible to participate in any additional Equity Program Award (including the successor program to the Spectrum S3B Equity Program, if such program is established), wherein Executive shall be eligible to receive a Parent restricted stock unit award valued at such amount as reasonably determined by the Compensation Committee, with the value of such grant determined on the grant date for the applicable fiscal year, provided the Parent achieves the applicable performance goals as reasonably established by the Board and/or Compensation Committee for the applicable performance period and subject to the terms and conditions as established by the Compensation Committee (the "Equity Award") in each case following consultation with Executive. Both the grant of the Equity Program Award and vesting of the earned Equity Program Award shall be in accordance with the terms and conditions of the Stock Agreement (as such term is defined in Section 4(a)) and/or Equity Program Award Plan and subject to the Compensation Committee’s approval. For the avoidance of doubt, the terms and conditions of any such grant shall be substantially identical to those for the Company's other senior executives.

Future Multi-year Incentive Programs. At the discretion of the Compensation Committee and with Board approval, during the Term Executive may be eligible to participate in future multi-year incentive programs and to receive additional grants of stock, restricted stock, restricted stock units, and/or stock option awards, including under successor programs to the Spectrum $2B Equity Program. Any award of stock, restricted stock, restricted stock units, and/or stock options, shall be subject to the terms and conditions as established by the Compensation Committee and approved by the Board.