Stock Ownership Requirements. The Executive shall be expected to maintain ownership of Company common stock having a value equal to two times his Base Salary in accordance with guidelines established by the Compensation Committee of the Board from time to time. The Executive will be required to meet this ownership requirement within five years after the Effective Date.
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Samples: Executive Employment Agreement (SunOpta Inc.), Executive Employment Agreement (SunOpta Inc.)
Stock Ownership Requirements. The Executive shall be expected to maintain ownership of Company common stock having a value equal to two five times his Base Salary in accordance with guidelines established by the Compensation Committee of the Board from time to time. The Executive will be required to meet this ownership requirement within five years after the Effective Date.
Appears in 2 contracts
Samples: Executive Employment Agreement (SunOpta Inc.), Executive Employment Agreement (SunOpta Inc.)
Stock Ownership Requirements. The Executive shall be expected to maintain ownership of Company common stock (which can include vested, but unexercised, options and stock acquired through the Company’s employee stock purchase plan) having a value equal to two five times his Base Salary in accordance with guidelines established by the Compensation Committee of the Board from time to time. The Executive will be required to meet this ownership requirement within five years after the Effective Date.
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Stock Ownership Requirements. The During the Term, the Executive shall be expected to maintain ownership of Company common stock Common Stock having a value equal to two approximately 5 times his Annual Base Salary in accordance with guidelines established by the Compensation Committee of the Board from time to time. The Executive will be required to meet this ownership requirement within five 5 years after the Effective Hire Date. Executive will receive credit for earned performance and vested restricted shares toward the “approximately 5 times” threshold.
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Samples: Employment Agreement (Nordson Corp)
Stock Ownership Requirements. The During the Employment Term, the Executive shall be expected to maintain ownership of Company common stock having a value equal to approximately two times his the Base Salary in accordance with guidelines established by the Compensation Committee of the Board from time to time. The Executive will be required to meet this ownership requirement within five years after the Effective Date.
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