Ongoing Grants. Executive shall be eligible to receive, solely in the discretion of the Board or the Committee, additional annual equity grants during the Employment Term. For the avoidance of doubt, the Committee does not contemplate that Executive shall receive equity grants other than the grants outlined in this Section 4 of the Agreement during the Employment Term.
Appears in 2 contracts
Sources: Employment Agreement (Valeant Pharmaceuticals International), Executive Employment Agreement (Valeant Pharmaceuticals International)