Stock Compensation Programs Sample Clauses

Stock Compensation Programs. By voting in favor of this Agreement, the Company shall have approved adoption of the Bank's existing stock compensation programs, including the 1995 Stock Option Plan ("Option Plan"), and the Recognition and Retention Plan and Trust ("RRP") as plans of the Company and shall have agreed to issue Company Common Stock in lieu of Bank Common Stock pursuant to the terms of such plans, subject to the Exchange Ratio set forth in section 3 hereof. As of the Effective Date of the Reorganization, rights outstanding under the Option Plan and RRP shall be assumed by the Company and thereafter shall be rights only for shares of Company Common Stock, with each such right being for a number of shares of Company Common Stock equal to the number of shares of Bank Common Stock that were available thereunder immediately prior to the Effective Date of the Reorganization, adjusted pursuant to the Exchange Ratio, and with no change in any other term or condition of such right, other then as needed to adjust the price or number of shares pursuant to the Exchange Ratio. The Company shall make appropriate amendments to the Option Plan and RRP to reflect their adoption by the Company without adverse effect upon the options outstanding or rights thereunder.
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Stock Compensation Programs. Your stock options for 187,207 shares of Company stock under the Company's 1992 Stock Option Plan are fully vested and exercisable at $3.70 per share through February 26, 2006. Your stock options for 220,000 shares of Company stock under the 1996 Incentive Stock Plan are fully vested and may be exercised at any time during the 90 day period following execution of this agreement. To the extent applicable in connection with your transactions in the company's securities, you agree to make all necessary filings and execute all appropriate documents in order to comply with the provisions of Section 16 of the Securities Exchange Act of 1934, as amended. The Company acknowledges that to the extent that the terms of the documents governing the options provide for discretion in relation to anti-dilution provisions, the discretion is not intended to be applied to deny an adjustment otherwise appropriate, as opposed to the appropriate manner of adjustment.
Sample 1

Related to Stock Compensation Programs

  • Stock Compensation The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”). The Executive shall be considered for such grants no less often than annually as part of the Board’s annual compensation review, but any such grants shall be at the sole discretion of the Board.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • 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.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Compensation Plan 1. Subject to any applicable regulation and the Company's/its contractor approval, the applicant shall choose a Compensation Plan on the Affiliate Participation Form. An Affiliate may not change the elected Compensation Plan.

  • Reporting Subawards and Executive Compensation a. Reporting of first-tier subawards.

  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

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