Ownership Guidelines. Guidelines pertaining to the Employee’s required ownership of Common Stock shall be determined by the Committee or its authorized delegate, as applicable, in its sole discretion from time to time as communicated to Employee in writing.
Ownership Guidelines. The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold the number of Open Text shares or share equivalents recommended for so long as they are Covered Executives.
Ownership Guidelines. The Board recommends that the Covered Executives achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date these Guidelines were adopted, within five (5) years after the date of his/her qualification as a Covered Executive, and hold the number of OPEN TEXT shares or share equivalents recommended for so long as they are Covered Executives. • Executive Chairman* 4x base salary • CEO/President* 4x base salary • ELT (Tier 1) 1x base salary * The share ownership level for new incumbents to the Executive Chairman and CEO rotes will be reviewed and approved by the Compensation Committee at that time. Covered Executives may achieve these Guidelines through the exercise of stock option awards, purchases under the OPEN TEXT Employee Stock Purchase Plan (ESPP), through open market purchases made in compliance with applicable securities laws or through any equity plan(s) OPEN TEXT may adopt from time to time providing for the acquisition of Open Text shares. Until the Guideline is met, it is recommended that a Covered Executive retains a portion of any stock option exercise or LTIP award in shares of Open Text stock to contribute to these Guidelines. For compliance guidance purposes, the shares will be valued at the greater of their book value (i.e., purchase price) or the current market value, whichever is greater. The Compensation Committee of the Board will review the recommended executive ownership guideline achievement levels on an annual basis.
Ownership Guidelines. The Executive hereby agrees and acknowledges that the Stock Ownership Guidelines adopted by the Board from time to time shall be binding on the Executive. * * * * *
Ownership Guidelines. The Board recommends that the Covered Executives achieve the equity ownership levels within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold such number of common shares or share equivalents recommended for so long as they are Covered Executives. Executive Title Required Equity Ownership CEO and CTO 4x base salary Executive Leadership Team 1x base salary Covered Executives may achieve these Guidelines through the exercise of stock option awards, purchases under the Open Text Employee Stock Purchase Plan (ESPP), through an open market purchase made in compliance with applicable securities laws or through any equity plan(s) the Corporation may adopt from time to time. Until the Guideline is met, it is recommended that a Covered Executive retain a portion of any stock option exercise or LTIP award in common shares of the Corporation to contribute to these Guidelines. For the purpose of compliance with the Guidelines, the common shares will be valued at the greater of their book value (i.e., purchase price) and the current market value. The Compensation Committee of the Board will review the recommended executive ownership guideline achievement levels on an annual basis. Schedule B
Ownership Guidelines. Employee agrees to abide by the guidelines for ownership of Colorado MEDtech stock attached as Exhibit B hereto.
Ownership Guidelines. The Executive is expected to accumulate and hold three (3) times her annual Base Salary in Polaroid Common Stock within five (5) years of her original date of hire. Common Stock acquired through the Company's executive stock ownership plan and other benefit and incentive plans will be counted toward meeting that goal. The Board shall determine a valuation of Company stock from time to time and it shall be applied to all officers.
Ownership Guidelines. Any non-consumable materials or capital outlay items purchased with staff development monies are the property of the Camas School District. As such, they should be registered and inventoried through the staff member’s building office. All such materials are to be stored at the building and will remain as part of the district’s inventory even if the staff member leaves the District.
