Long-Term Incentive Award. During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.
Long-Term Incentive Award. During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, the Direct Digital Holdings, LLC 2022 Omnibus Incentive Plan adopted by the Board as of January 17, 2022 (the “Omnibus Incentive Plan”), subject to the terms and conditions set forth in the plan document as amended from time to time and the corresponding award agreements, as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.
Long-Term Incentive Award. Executive shall receive an annual long-term incentive award, which may consist of stock options issued by the Company, shares of restricted stock of the Company, as well as other forms of equity-based, equity-linked or other long-term incentive compensation. The amount and other terms of long-term incentive awards made to Executive shall be determined by the Board and communicated to Executive no later than March 1st of each year to which the award is applicable.
Long-Term Incentive Award. The Executive shall participate in the 2000 Equity Plan (or any successor plan) that the Board has adopted on such terms and conditions as the Board shall determine. For greater certainty, in the event of a change of control other than that which is defined in the Plan, any unvested options that were granted prior to the change of control, shall continue to vest in accordance with the vesting period in the Plan and the options shall expire at the earlier of the original expiration date and five years following the date of the change of control.
Long-Term Incentive Award. As soon as reasonably practicable following the end of each twelve month performance period (commencing on July 1 and ending on June 30) during the Employment Term (each such period, a “Performance Period”), Executive shall be eligible to receive a long-term incentive award in the form of Performance Shares (as defined in the BankUnited, Inc. 2010 Omnibus Equity Incentive Plan (the “Plan”)). The target grant date value of each annual Performance Share award shall be $340,000 (the “Target LTI Award”), with the grant date value of each award to be determined by the Compensation Committee as soon as reasonably practicable following the end of the applicable Performance Period (but in no event later than 60 days following the end of each Performance Period and, in the case of the Performance Period ending on the last day of the Employment Term, notwithstanding the expiration of the Employment Term) (the date of such determination, the “LTI Grant Date”) based on the level of achievement of pre-established performance criteria with respect to the applicable Performance Period preceding the LTI Grant Date (each such annual award, an “Annual Performance Share Award”). The applicable performance criteria with respect to each Performance Period shall be established by the Compensation Committee in consultation with Executive; provided that, with respect to the Performance Period commencing July 1, 2012 and ending June 30, 2013, the performance criteria shall be the same as those applicable to the Annual Incentive for such period. One-third of the shares in respect of each Annual Performance Share Award shall be vested on the respective LTI Grant Date and one-third of the shares in respect of each Annual Performance Share Award shall vest on June 30 of each of the two subsequent years, in all cases subject to Executive’s continued employment with the Company, except as set forth in the applicable award agreement. Each Annual Performance Share Award shall be subject to the terms and conditions of the Plan and the applicable award agreement, which award agreement shall be substantially in the form attached hereto as Exhibit A. In the event of a Change in Control (as defined in the Plan), a number of fully vested Performance Shares with a value equal to the Target LTI Award shall be issued, in respect of the Performance Period in effect at the time of the Change in Control, immediately prior to consummation of such Change in Control. Any rights to an Annual Performance ...
Long-Term Incentive Award. During the Term, in addition to the Annual Salary and cash bonus, the Executive shall be eligible to participate in the Company’s 2006 Long-Term Incentive Plan (the “LTIP”) or other equity-based plan as in effect from time to time, under which the Executive shall be entitled to receive an award with an aggregate annual target value of $225,000, which shall otherwise be subject to such plan and definitive documentation governing the award. Grants during the Term under the LTIP will be made in January 2007, January 2008 and January 2009. The Company acknowledges its present intent to adopt such a plan substantially in the form that has been presented to the Executive prior to the date of this Agreement, subject to shareholder approval. Without the Executive’s consent, in no event shall option awards (or their equivalent) granted in 2007 be subject to a vesting period that exceeds four years. Restricted stock awards (or their equivalent) granted in 2007 and thereafter shall vest in equal annual installments of from four to five years. The vesting period for any grant made in 2007, 2008 and 2009 will begin on January 1 of such year; provided, however, that, for the grant made in 2007, credit will be given for the length of Executive’s service in 2006 following the Closing Date towards the vesting period. Any grants which are financially equivalent to restricted stock (e.g., restricted stock units or phantom units) shall be accompanied by the grant of dividend equivalent rights. The Company agrees that neither the terms of the LTIP nor the terms of any award agreements pursuant to which any award under the LTIP is made will contain any provision that would be in violation of this Agreement. If at or about the time of a particular grant to the Executive under this Section 3.3 a program of grants under the LTIP for senior executives generally is being implemented on terms and conditions (but, for the avoidance of doubt, not in respect of the amount of the grant) more favorable than those which would be required under this Agreement, then such particular grant shall be on terms and conditions (but, for the avoidance of doubt, not in respect of the amount of the grant) which are no less favorable than those applicable in respect of such program.
Long-Term Incentive Award. Subject to Board approval, Executive shall be eligible to receive each fiscal year during the Term (commencing with fiscal year 2008) a Company-stock based award or other consideration valued at 150% of Executive's Base Salary at the time of the award, and with such award containing certain vesting conditions to be based on achievement of Company's performance objectives established by the Board from time to time. In the event such award provides for accelerated vesting upon Change in Control, such accelerated vesting shall also apply upon a Sale of the Legacy Business.
Long-Term Incentive Award. Pursuant to the Company’s 2017 Long-Term Incentive Plan, as may be amended from time to time (the “Incentive Plan”), as soon as administratively practicable on or after the Effective Date, the Executive shall be eligible to receive the following awards granted thereunder:
Long-Term Incentive Award. Provided that the Stock Plan is approved by the Company's shareholders, the Executive shall participate in the Stock Plan and shall be granted under the Stock Plan, as of the Effective Date, an option to purchase 559,000 shares of Stock. The option shall be divided into four tranches as set forth below:
Long-Term Incentive Award. “Long-Term Incentive Award” means the actual long-term incentive award earned during a Performance Period of two or more Plan Years by a Participant, payable in cash or Stock having a Fair Market Value equal to such earned award amount, as determined by the Committee at or after the end of the Performance Period. may, in the discretion of the Committee, be stated as a percentage of the Participant’s Base Salary, a dollar amount or other measurement.
