Long Term Incentive Plan Sample Clauses
A Long Term Incentive Plan (LTIP) is a contractual provision that outlines the terms under which employees, typically executives or key personnel, are granted performance-based rewards over an extended period, often several years. These incentives may include stock options, restricted shares, or cash bonuses, and are usually contingent on achieving specific company performance targets or individual milestones. The core function of an LTIP is to align the interests of employees with those of the company and its shareholders, encouraging sustained performance and retention by rewarding long-term value creation.
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Long Term Incentive Plan. The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.
Long Term Incentive Plan. Subject to the sole discretion of the Board or the Remuneration Committee, Executive shall be eligible for participation in any long-term incentive arrangement of Company as may from time to time be made available to other executive officers (and such other executives as may be selected for participation by the Board or Remuneration Committee) of Company.
Long Term Incentive Plan. During the Employment Period, Executive shall be eligible to participate in any long term incentive plan, as any such plan may be created or amended by the Board from time to time.
Long Term Incentive Plan. As a senior management executive of the Company, Executive shall participate annually in the Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board or the Compensation Committee, in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock units and/or other types of compensation.
Long Term Incentive Plan. With respect to the 2021 calendar year and each subsequent calendar year during the Specified Employment Period, Executive shall be eligible to receive annual awards under the Enviva Partners, LP equity compensation plan as in effect from time to time (the “LTIP”) with a target value equal to 250% of Executive’s Base Salary as in effect on the first day of such calendar year (the “Target Annual LTIP Award”). All awards granted to Executive under the LTIP, if any, shall be on such terms and conditions as the board of directors (the “Partners Board”) of Enviva Partners GP, LLC, a Delaware limited liability company and the general partner of Enviva Partners, LP (the “MLP”), or a committee thereof shall determine from time to time and shall be subject to and governed by the terms and provisions of the LTIP as in effect from time to time and the award agreements evidencing such awards. Nothing herein shall be construed to give Executive any rights to any amount or type of grant or award except as provided in such award to Executive provided in writing and authorized by the Partners Board (or a committee thereof).
Long Term Incentive Plan. Manager shall be eligible to participate in the First Mid Bancshares, Inc. Long Term Incentive Plan (LTIP) in accordance with the terms and conditions of such Plan under which equity-based compensation awards may be made as determined in the sole discretion of the Compensation Committee of the Board of Directors.
Long Term Incentive Plan. During Executive’s employment with the Company, Executive shall be eligible to receive long term equity incentive compensation awards (which may consist of restricted stock, stock options, stock appreciation rights or other types of equity or cash bonus awards, as determined by the Board in its discretion) pursuant to the Company’s equity incentive compensation plans and programs in effect from time to time including, without limitation, the Company’s 2004 Omnibus Stock Incentive Plan and the 2006 Outperformance Plan. These awards shall be granted in the discretion of the Board and shall include such terms and conditions (including performance objectives) as the Board deems appropriate.
Long Term Incentive Plan. During the Employment Period the Executive shall be eligible to participate in the Validus Holdings, Ltd. 2005 Long Term Incentive Plan (or any successor plan) under which equity-based compensation awards may be made to the Executive, as determined in the sole discretion of the Compensation Committee of the Board of Directors of the Company.
Long Term Incentive Plan. The Executive shall be entitled to participate in all bonus plans, policies, practices, policies and programs adopted by the Company and applicable generally to senior executives of the Company.
Long Term Incentive Plan. (i) The Executive shall be eligible to participate in the Americold Realty Trust 2017 Equity Incentive Plan (the “Stock Plan”) in such amounts and at such times as the Compensation Committee of the Board of Directors of Americold Realty Trust (“ART”) shall determine in its sole discretion. Any such awards shall be governed by the Stock Plan and any Stock Plan award agreements between ART and the Executive.