Common use of Management Incentive Clause in Contracts

Management Incentive. On the Effective Date, a new long-term stock incentive program (the "TMAR LTIP") will be approved and implemented. The TMAR LTIP will provide options to purchase up to 7.5% of the New TMAR Stock, on a fully diluted basis. The options shall be granted in accordance with the allocations set forth on Exhibit A, attached hereto, and incorporated herein by reference, and shall be subject to the vesting schedule also set forth on Exhibit A. All options will be exercisable for a period of seven years after issuance. The per share exercise price of all options granted at the Effective Date will be the per share value of the New TMAR Stock at the Effective Date.