Management Stock Incentive Program Clause Samples

Management Stock Incentive Program. The Executive shall participate in the Company's stock option, stock purchase, or other stock incentive plan generally available to executive officers of the Company and shall be eligible for the grant of stock options, restricted stock and other awards thereunder. In addition, the Board of Directors shall annually consider the Executive's performance and determine if any additional bonus is appropriate for the Executive. Furthermore, the Company confirms that the Executive has received 450,000 stock options (the "IPO Options") under the Melita International Corporation 1992 Discounted Stock Option Plan (the "Stock Option Plan") to purchase, subject to the terms and conditions of the Plan, shares of the Company's common stock and that, in accordance with such plan and grant, all stock options granted by the Company to the Executive pursuant to the Stock Option Plan shall vest upon the occurrence of the Initial Public Offering. In accordance with the terms of the Stock Option Plan, no such IPO Options are exercisable by the Executive prior to 14 months after the Initial Public Offering.
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Management Stock Incentive Program. The Executive shall participate in the Company's stock option, stock purchase or other stock incentive plan generally available to executive officers of the Company and shall be eligible for the grant of stock options, restricted stock and other awards thereunder. In addition the Company's Board of Directors shall annually consider the Executive's performance, and determine if any additional bonus is appropriate.
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Management Stock Incentive Program. The Executive shall be eligible to ---------------------------------- participate in the Company's stock option, stock purchase or other stock incentive plan(s) to the extent generally available to executive officers of the Company and shall be eligible for the grant of stock options, restricted stock and other awards thereunder as determined by the Board of Directors. The Executive shall be granted an option under the Intelligent Life Corporation 1999 Equity Compensation Plan (the "Equity Plan") to acquire 71,700 shares of the Company's common stock at an exercise price of $14.84 per share, subject to such other terms as specifically provided in the Incentive Stock Option Grant, dated of even date herewith.
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Management Stock Incentive Program. The Executive shall be eligible to participate in the Company's stock option, stock purchase, or other stock incentive plan generally available to senior managers of the Company and shall be eligible for the grant of stock options, restricted stock and other awards thereunder. Upon execution of this Agreement and approval of the Board of Directors and subject to the terms of the Company's 1997 Stock Option Plan (the "Stock Option Plan") and the terms of this Agreement, the Company shall grant to Executive, 50,000 stock options (the "Employment Options"). The Employment Options shall have four year straight line vesting. The Executive shall be eligible to participate in the Change in Control agreement offered to other members of the executive team.
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Related to Management Stock Incentive Program

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.

  • Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the General Partner from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the General Partner, the Partnership or any of their Affiliates or from issuing REIT Shares, Capital Shares or New Securities pursuant to any such plans. The General Partner may implement such plans and any actions taken under such plans (such as the grant or exercise of options to acquire REIT Shares, or the issuance of restricted REIT Shares), whether taken with respect to or by an employee or other service provider of the General Partner, the Partnership or its Subsidiaries, in a manner determined by the General Partner, which may be set forth in plan implementation guidelines that the General Partner may establish or amend from time to time. The Partners acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the General Partner, amendments to this Agreement may become necessary or advisable and that any approval or Consent to any such amendments requested by the General Partner shall be deemed granted by the Limited Partners. The Partnership is expressly authorized to issue Partnership Units (i) in accordance with the terms of any such stock incentive plans, or (ii) in an amount equal to the number of REIT Shares, Capital Shares or New Securities issued pursuant to any such stock incentive plans, without any further act, approval or vote of any Partner or any other Persons.

  • 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.

  • Future Stock Incentive Plans Nothing in this Agreement shall be construed or applied to preclude or restrain the Corporation from adopting, modifying or terminating stock incentive plans for the benefit of employees, directors or other business associates of the Corporation, the Company or any of their respective Affiliates. The Members acknowledge and agree that, in the event that any such plan is adopted, modified or terminated by the Corporation, amendments to this Section 3.10 may become necessary or advisable and that any approval or consent to any such amendments requested by the Corporation shall be deemed granted by the Manager and the Members, as applicable, without the requirement of any further consent or acknowledgement of any other Member.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.