Common use of LONG-TERM AWARDS Clause in Contracts

LONG-TERM AWARDS. (A) Commencing on the next annual grant of long-term awards to senior executives of the Company following the Effective Date, the Executive shall participate in all long-term cash and equity incentive plans, practices, policies, and programs applicable generally to other senior executives of the Company. In connection with this Agreement, the Executive shall be granted an award of Five Hundred Thousand (500,000) stock options (the “Retention Options”) under the Company’s 2008 Omnibus Incentive Plan (or another shareholder approved plan to purchase Company common stock) (the “LTIP”). The Retention Options shall have a term of ten years and have terms and conditions not inconsistent with those set forth in this Agreement. The exercise price per share of the Retention Options will be the closing price per share of the Company common stock on the date of grant. The Retention Options will vest at a rate of one-third of the total Retention Options on each of the first three anniversaries of the date of grant, subject to continued employment through the applicable vesting date.

LONG-TERM AWARDS. (A) Commencing on the next annual grant of long-term awards to senior executives of the Company following the Effective Date, the Executive shall participate in all long-term cash and equity incentive plans, practices, policies, and programs applicable generally to other senior executives of the Company. In connection with this Agreement, the Executive shall be granted an award of Five Two Hundred Thousand (500,000200,000) stock options (the “Retention Options”) under the Company’s 2008 Omnibus Incentive Plan (or another shareholder approved plan to purchase Company common stock) (the “LTIP”). The Retention Options shall have a term of ten years and have terms and conditions not inconsistent with those set forth in this Agreement. The exercise price per share of the Retention Options will be the closing price per share of the Company common stock on the date of grant. The Retention Options will vest at a rate of one-third of the total Retention Options on each of the first three anniversaries of the date of grant, subject to continued employment through the applicable vesting date.

LONG-TERM AWARDS. (A) Commencing on the next annual grant of long-term awards to senior executives of the Company following the Effective Date, the Executive shall participate in all long-term cash and equity incentive plans, practices, policies, and programs applicable generally to other senior executives of the Company. In connection with this Agreement, the Executive shall be granted an award of Five Seven Hundred Fifty Thousand (500,000750,000) stock options (the “Retention Options”) under the Company’s 2008 Omnibus Incentive Plan (or another shareholder approved plan to purchase Company common stock) (the “LTIP”). The Retention Options shall have a term of ten years and have terms and conditions not inconsistent with those set forth in this Agreement. The exercise price per share of the Retention Options will be the closing price per share of the Company common stock on the date of grant. The Retention Options will vest at a rate of one-third of the total Retention Options on each of the first three anniversaries of the date of grant, subject to continued employment through the applicable vesting date.