Sign-On Cash Long-Term Award Sample Clauses

Sign-On Cash Long-Term Award. Executive will be eligible to earn a cash award (the “Sign-On Long-Term Award”) in an aggregate amount equal to $7,578,000, less applicable taxes, in partial consideration of the Executive’s forfeiture of his prior employer’s incentive awards due to ending his employment with his prior employer. The Sign-On Long-Term Award will be payable in three installments as follows: $4,248,000 on the first anniversary of the Effective Date; $2,355,000 on the second anniversary of the Effective Date; and $975,000 on the third anniversary of the Effective Date, in each case subject to the Executive’s continued employment through the date of payment; provided that any unpaid portion of the Sign-On Long-Term Award will be payable, subject to Section 7, on the 60th day following the termination of the Executive’s employment with the Company in the event such termination is a Qualifying Termination.
Sample 1
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Related to Sign-On Cash Long-Term Award

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • 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.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • 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.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

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