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In addition, subject to Executive\u2019s continued employment with the Corporation on the applicable date of grant, Executive will be granted, in calendar 2012 and 2013 at the time annual awards are granted (or, if not granted, would be granted) to other senior executives, respective additional annual awards of SARs and/or other long-term incentive award with an aggregate grant date value of not less than the median aggregate grant date value of annual long-term incentive awards made to the Chief Executive Officers of the Corporation\u2019s peer group of companies approved by the Human Resources Committee of the Board of Director for this purpose (consistent with recent past practices) and determined consistent with Schedule A (the \u201c2012/2013 Grant Metrics\u201d); provided, however, that the 2012/2013 Grant Metrics shall not apply to any awards made during calendar 2012 or 2013 other than the annual awards under this paragraph (for example, excluding from coverage under this paragraph any special award granted during calendar 2012 or 2013) or to any awards granted on or after the consummation of an initial public offering of the Corporation\u2019s common stock. The per share exercise price for the SARs granted pursuant to this Section 5 shall equal the Fair Market Value (as defined under the 2006 EIP, or successor plan) of an underlying share of the Corporation\u2019s common stock on the date of grant. Subject to the accelerated vesting provisions set forth herein, the Initial SAR Award and any annual long-term incentive award granted in 2012 shall vest as to 25% of the shares subject to the award on the first anniversary of the vesting commencement date (which shall be Start Date for the Initial SAR Award and the date of grant for such 2012 award), and as to 1/48th of the shares subject to the award monthly (on the same calendar date during the month as the Start Date for the Initial SAR Award and the date of grant for such 2012 award) thereafter, subject to Executive continuing to provide services to the Corporation through the relevant vesting dates, except as otherwise provided herein. Each award of SARs granted in 2011 or 2012 (if any) will have a term of like duration as annual grants made to other senior executives during such years (but not less than seven (7) years) and except as specifically set forth herein shall be subject to the terms and conditions of the 2006 EIP (or successor plan) and the grant notice and award agreement evidencing the award as set forth in Exhibit A attached hereto, which collectively shall be the governing documents with respect to each award of SARs granted in 2011 or 2012 (if any). 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["incentive-compensation", "Incentive Compensation"]], "title": "Long-Term Incentive Compensation", "id": "long-term-incentive-compensation", "related": [["short-term-incentive-compensation", "Short-Term Incentive Compensation", "Short-Term Incentive Compensation"], ["incentive-compensation-plan", "Incentive Compensation Plan", "Incentive Compensation Plan"], ["long-term-incentive-awards", "Long-Term Incentive Awards", "Long-Term Incentive Awards"], ["long-term-incentive-award", "Long-Term Incentive Award", "Long-Term Incentive Award"], ["long-term-incentives", "Long-Term Incentives", "Long-Term Incentives"]], "related_snippets": [], "updated": "2026-08-01T04:26:19+00:00", "also_ask": [], "drafting_tip": "Specify eligibility criteria, outline performance metrics, and define vesting schedules to ensure clarity, motivate desired behaviors, and prevent disputes.", "explanation": "The Long-Term Incentive Compensation clause establishes the terms under which employees or executives are granted compensation that is contingent on performance over an extended period, typically several years. This compensation may take the form of stock options, restricted stock units, or performance-based bonuses, and is often tied to the achievement of specific company or individual goals. The core function of this clause is to align the interests of key personnel with the long-term success of the organization, incentivizing sustained performance and retention."}, "json": true, "cursor": ""}}