Long-Term Incentive Plan definition
Examples of Long-Term Incentive Plan in a sentence
All awards, if any, granted to Executive under the Long-Term Incentive Plan or any such other plan shall be subject to and governed by the terms and provisions of the Long-Term Incentive Plan or such other plan as in effect from time to time and the award agreements evidencing such awards.
During Executive’s employment hereunder, Executive shall be eligible to receive annual long-term incentive awards pursuant to the Long-Term Incentive Plan or such other long-term incentive plan offered by Parent or another member of the Company Group to similarly situated executives of the Company on such terms and conditions as the Board (or a committee thereof) shall determine from time to time.
As used herein, the “Severance Multiple” shall mean one; provided, however, that if the Date of Termination occurs on or at any time within the 24-month period immediately following a Change in Control (as defined in the Long-Term Incentive Plan), then the Severance Multiple shall mean two.