Common use of Long-Term Compensation Clause in Contracts

Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's status as an Executive Vice President of the Company and the Bank.

Appears in 3 contracts

Samples: Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp), Employment Agreement (Provident New York Bancorp)

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Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's ’s status as an Executive Vice President of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's ’s status as an Executive Vice President of the Company and the Bank.. As of the Effective Date, Executive shall be granted equity-based awards (the “Effective Date Equity Awards”) covering the Company’s common stock (“Common Stock”) as follows:

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's ’s status as an Executive Vice President of the Company and the Bank.. As of the Start Date, Executive shall be granted equity-based awards (the “Start Date Equity Awards”) covering the Company’s common stock (“Common Stock”) as follows:

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

Long-Term Compensation. (i) During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident the Company from time to time for senior executive officers officers. Executive's target annual equity award opportunity shall be 30% of the Base Salary, with the actual award to be determined by the Compensation Committee of the Company Board, on a basis consistent with Executive's status as an not less favorable to Executive Vice President than to other similarly situated senior executives of the Company and the BankProvident generally.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident the Company from time to time for senior executive officers on a basis consistent with Executive's ’s status as an President and Chief Executive Vice President Officer of the Company and the Bank.

Appears in 1 contract

Samples: Employment Agreement (New Peoples Bankshares Inc)

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Long-Term Compensation. During the Employment PeriodTerm of Employment, the Executive shall be eligible to participate in any long term incentive and equity and/or other long-term compensation programs established by Provident plans of the Company as in effect from time to time for senior executive officers time, on a basis consistent with Executive's status at least as an Executive Vice President of the Company and the Bankfavorable as other senior executives.

Appears in 1 contract

Samples: Executive Employment Agreement (Mylan Laboratories Inc)

Long-Term Compensation. (i) During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident the Company from time to time for senior executive officers officers. Executive’s target annual equity award opportunity shall be 30% of the Base Salary, with the actual award to be determined by the Compensation Committee of the Company Board, on a basis consistent with Executive's status as an not less favorable to Executive Vice President than to other similarly situated senior executives of the Company and the BankProvident generally.

Appears in 1 contract

Samples: Employment Agreement (Sterling Bancorp)

Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's ’s status as an President and Chief Executive Vice President Officer of the Company and the Bank.. As of the Start Date, Executive shall be granted equity-based awards (the “Initial Equity Awards”) covering the Company’s common stock as follows:

Appears in 1 contract

Samples: Employment Agreement (Provident New York Bancorp)

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