Incentive Award Sample Clauses

Incentive Award. The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

Incentive Award. Pursuant to the Plan, the Company, on November 9, 2009 (the “Grant Date”), awarded to Participant, subject to the terms and conditions of the Plan and subject further to the terms and conditions herein set forth, the opportunity to earn a cash payment based on the satisfaction of the performance criteria set forth in Paragraph 3 below (the “Incentive Award”).

Incentive Award. Subject to the restrictions, terms and conditions of the Plan and this Agreement (including its attachments), the Company hereby awards an Incentive Award to the Participant of $.

Incentive Award. The Executive will be entitled to receive incentive awards if and to the extent that the Board of Directors determines in good faith that the Executive's

Incentive Award. During the Term, in addition to the Base Salary and Annual Bonus, the Executive shall be eligible to participate in the Company’s 2007 Omnibus Incentive Plan (if such plan is approved by the Stockholders) or other incentive plan as in effect from time to time (as such plan is approved by the Stockholders) (the “OIP”), and awards which may be granted to Executive thereunder shall vest on a basis specified by the Compensation Committee and may be subject to the achievement of pre-established performance-related goals determined by the Compensation Committee, and otherwise shall be subject to such plan and definitive documentation governing the award. Grants during the Term under the OIP shall be made at such times and in such amounts as the Compensation Committee shall determine in its discretion.

Incentive Award. Return On Equity (the “XXX”) determined as of December 31 of each calendar year shall determine the Executive’s Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company’s Board of Directors. The Incentive Award is calculated annually by taking the Executive’s Base Salary for the calendar year in which the XXX was calculated times the Incentive Award Percentage.

Incentive Award. On the Effective Date, the Company will grant the Employee an option to acquire 50,000 shares of the Company's stock (an "Option") pursuant to the terms of the Company's existing Stock Option Plan. The Option will have an exercise price equal to the fair market value of the stock subject thereto on the date of grant, will vest in four equal installments over a three year period and will vest immediately in the event of termination of this Agreement for any reason or no reason and will remain exercisable until ten (10) years from the date of grant.

Incentive Award. (i) In consideration for Payner agreeing to the non-competition and non-solicitation provisions of paragraph 6 and the confidentially and invention provisions of paragraph 9, and subject to the conditions set forth in this paragraph 4(b), upon the occurrence of a "Realization Event" (as defined in paragraph 4(b)(iv)), Payner shall be entitled to receive, in addition to whatever she may be entitled to by virtue of any stock or options she may own and any other provisions of this Agreement, a payment from the Company equal to 1.0% of the "Aggregate Consideration" (as defined in paragraph 4(b)(iii)), less applicable withholding taxes ("Award"). Subject to paragraph 4(b)(ii) hereof, the amount payable in respect of an Award shall be payable in the same type or types of consideration received by other shareholders of the Company (and, if more than one type of consideration is given, payment will be made in the same relative percentages of each type of consideration received by other shareholders), with one-half of the Award payable as soon as is administratively practicable after the occurrence of a Realization Event, and the other one-half of the Award payable on the first anniversary of the Realization Event, provided that Payner remains employed with the Company at that time, or, if earlier, upon the termination of Payner's employment with the Company pursuant to paragraph 7(a)(ii), 7(a)(iii) or 7(a)(iv) below; provided that if Payner's employment with the Company is terminated for any reason other than as described above prior to the first anniversary after the date of the Realization Event, then the second one-half of the Award shall be permanently forfeited. Notwithstanding anything to the contrary herein, the consideration received by Payner will be subject to any hold-back, escrow, indemnity or similar arrangement to the same extent to which the consideration to be received by other shareholders in the Company is subject. (ii) Payner shall be entitled to a payment of the Award in accordance with paragraph 4(b)(i) hereof if (A) a Realization Event occurs while Payner is employed by the Company or (B) Payner's employment is terminated without "Cause" (as defined in paragraph 7(a)(iv) hereof) or Payner terminates her employment on account of a "Constructive Termination" (as defined in paragraph 7(a)(iii) hereof) and within 180 days following such termination a Realization Event is consummated. Except as provided in the preceding sentence, Payner shall have...

Incentive Award. Return On Equity (the "ROE") and Earnings Growth determined as of December 31 of each plan yxxx shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the ROE and Earnings Growth was calculated times the Incentive Awarx Xercentage.

Incentive Award. During the Term, in addition to the Base Salary and Annual Bonus, the Executive shall be eligible to participate in the Company’s 2007 Omnibus Incentive Plan or other incentive plan as in effect from time to time (as such plan is approved by the Stockholders) (the “OIP”), and awards which may be granted to Executive thereunder shall vest on a basis specified by the Compensation Committee and may be subject to the achievement of pre-established performance-related goals determined by the Compensation Committee, and otherwise shall be subject to such plan and definitive documentation governing the award. Grants during the Term under the OIP shall be made at such times and in such amounts as the Compensation Committee shall determine in its discretion.