LTIPS Sample Clauses

LTIPS. From time to time during the Term the Executive may be eligible to participate in one or more LTIPs, including the grant of Options pursuant to the Company's 1996 Stock Incentive Plan (if approved by the Company's stockholders) and/or pursuant to similar plans adopted in the future, with option exercise price, vesting criteria and expiration terms under any such stock plan generally consistent with the Company's practice under its 1991 Stock Incentive Plan (unless different terms are mandated under the 1996 Stock Incentive Plan); provided, however, if insufficient numbers of Options are available to provide adequate incentive to other levels of management, alternative arrangements may be made. Awards (if made) under such LTIPs shall be at the discretion of the Compensation Committee and based on appropriate Executive and Company performance criteria and will generally approximate (assuming performance criteria are achieved) 40% to 60% of the Executive's Base Salary.
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LTIPS. The Manager or its Affiliates will be entitled to receive LTIP Units to the extent the Organization and Offering Expenses in connection with any Offering are less than 3% of the Gross Proceeds raised in connection with such Offering (excluding any Gross Proceeds attributable to Shares sold to the Manager or its Affiliates) (the “Offering Expense Savings”). The amount of LTIP Units to be issued by the Operating Partnership will be equal to the Offering Expense Savings divided by the greater of (i) $10.00 per LTIP Unit or (ii) the Company’s NAV divided by the number of Shares of the Company’s common stock outstanding as of the end of the prior fiscal quarter.
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Related to LTIPS

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Equity Awards “Equity Awards” will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee.

  • Equity Plan In the event the Company adopts an equity incentive plan or program (the "Equity Plan") for its key executives, the Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof in accordance with the terms and conditions of such plan.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Equity Incentives To the extent the Company adopts and maintains a share incentive plan, the Executive will be eligible to participate in such plan pursuant to the terms thereof.

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