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 that is materially comparable in the aggregate to the LTIP, under which the Executive shall be entitled to receive an award with an aggregate annual target value of $250,000, which shall vest subject to the achievement of pre-established performance-related goals, and otherwise be subject to such plan and definitive documentation governing the award. The 2007 grant under the LTIP will be made in February 2007 and will have a value of $250,000. Equity awards 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. 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. The Employee shall receive an award of 2,500,000 stock appreciation rights (“SARs”) pursuant to the EIP upon mutual execution of this Agreement. The SARs will have an exercise/strike price equal to the fair market value of the date of the grant. Fifty percent (50%) of the SARs shall vest upon mutual execution of this Agreement, and the remainder shall vest on March 31, 2023. SARs may be settled by the Company in cash or shares at the sole and absolute discretion of the Compensation Committee, which may consider, among other factors, the availability of shares under the EIP. Other SARs features such as length of term, and termination provisions shall be consistent with prior option grants, subject to the sole and absolute discretion of the Compensation Committee. The award described in this paragraph will be subject to the specific terms of separate Notices of Award that will be provided to the Employee.
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; provided that, if more than 50% of the Company’s stock is acquired by a third party, all previously-awarded long-term incentive compensation shall vest immediately.
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 Company hereby grants to the Participant a Long-Term Incentive Award, subject to the terms set forth herein, as follows: The amount of the Long-Term Incentive Award that the Participant actually earns for the Performance Period (if any) will be determined by the Plan Administrator in its discretion based on the level of achievement of the Performance Goals at the end of the Performance Period, as determined by the Plan Administrator in accordance with Exhibit A attached hereto. Capitalized terms that are used but not defined herein shall have the meanings ascribed to them in the Plan.
Long-Term Incentive Award. You are hereby entitled to receive a long term incentive award which may be comprised of stock options, restricted stock, restricted stock units, or other equity, equity-based or cash-awards, or a combination thereof determined by the Compensation Committee in its discretion and approved by the Board. You shall be eligible for future long term incentive awards, the “LTI Awards” on the basis determined by the Compensation Committee and approved by the Board.
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 of this Agreement, the Executive shall be eligible for an annual long term incentive award (the "LTIP Grant") pursuant to one or more award agreements to be executed by the Executive under the Tronox Limited Management Equity Incentive Plan (as in effect from time to time for senior executives) (the "LTIP Plan") having a grant date value of up to one hundred fifty percent (150%) of Base Salary, as determined by the Compensation Committee. The LTIP Grant currently consists of restricted stock, with time-based restricted shares vesting ratably over three (3) years and performance-based restricted stock restrictions lapsing after three (3) years. The LTIP Grant is discretionary, may be cancelled or revised by the Company at any time, and may be structured as a part of a deferred compensation arrangement.