Long Term Incentives. As recommended and approved in any EOTT Energy Long Term Incentive Plan(s) by the Board of Directors of EOTT Energy Corp. EOTT ENERGY CORP. MOLLX X. XXXPLE By: /s/ STANXXX X. XXXXXX /s/ MOLLX X. XXXPLE ---------------------------------- ------------------------------- Name: Stanxxx X. Xxxxxx This 19th day of January, 2001 Title: Chairman and CEO This 19th day of January, 2001
Long Term Incentives. Employee is eligible to participate in any long term incentive plans as recommended and approved by the Board of Directors of EOTT Energy LLC. Employee's 2003 award under the EOTT Energy LLC Equity Plan is 75,000 LLC units. In the event of Involuntary Termination as a result of Change of Control as defined in Article 3, Section 3.5(ii), accelerated vesting shall occur on the termination date for all unvested units under any award grants.
Long Term Incentives has the meaning ascribed to such term in Section 3(c).
Examples of Long Term Incentives in a sentence
Nothing in this Agreement shall prevent or limit Employee’s continuing or future participation in any benefit, bonus, incentive or other plan or program provided by the Company and for which Employee may qualify, nor shall anything herein limit or otherwise adversely affect such rights as Employee may have under any Long Term Incentives granted by the Company.
Non-executive Directors are also entitled to participate in the Company long term incentive plan (refer Long Term Incentives (LTIs) below).
After all payments, benefits and vesting of Long Term Incentives specified under this Section 7(a)(ii) have been paid or performed, this Agreement shall terminate, and the Company shall have no obligations to Employee, Employee’s spouse and dependents or Employee’s legal representatives with respect to this Agreement.
Long Term Incentives (Employee Stock Grant Scheme) This scheme aims at driving a culture of ownership and focus on long-term results.
Long Term Incentives (“LTI’s”) may be provided to certain senior executives and eligible employees to reward creation of shareholder value, and provide incentives to create further value as well as to attract and retain executives.
More Definitions of Long Term Incentives
Long Term Incentives. As recommended and approved under any EOTT Energy Long Term Incentive Plan(s) and the Enron Corp. Long-Term Incentive Program.
Long Term Incentives means the amount earned and payable under the Company’s Executive Incentive Plan.
Long Term Incentives. Employee shall be eligible to participate in the Azurix Corp. Stock Plan. Upon finalization of the Plan, Employee shall receive a one million share stock option grant with the stock option strike price equal to the fair market value of the Company. Employee shall vest 25% on each grant date anniversary (4-yr vesting). Employer in its sole discretion may make additional grants during this 5-year period." This Amendment is a Second Amendment to the Employment Agreement, and the parties agree that all other terms, conditions and stipulations contained in the Employment Agreement, and any amendments thereto, shall remain in full force and effect and without any change or modification, except as provided herein.
Long Term Incentives. For each calendar year commencing during the Term, commencing with 2018, you will be granted one or more long-term incentive or other equity award(s) (each, an “LTI Award”) under the Plan on such terms as the Committee may determine (provided that such terms are materially consistent with the terms of long-term incentive awards granted to the Company’s similarly-situated executives generally at such time) and at such time(s) as long-term awards are granted for such calendar year to the Company’s similarly-situated executives generally. The annual, aggregate grant-date target value of your LTI Award(s) (the “LTI Target Value”) shall be no less than two hundred fifty percent (250%) of your total cash compensation (i.e., your Base Salary plus target STI Award) as in effect at the time of grant. The Committee shall determine your LTI Target Value at such time(s) as it determines target long-term awards for similarly-situated executives of the Company, and may increase, but not decrease, your then-effective LTI Target Value in its discretion (provided that (a) to the extent that increases are made during the Initial Term to target long-term incentive awards of the Company’s Section 16 officers generally, you will receive an increase in your then-effective LTI Target Value effective as of the same general time(s) as such target long-term incentive award increases are made with respect to the Company’s Section 16 officers generally, and (b) any such increase in your then-effective LTI Target Value shall be no less favorable than the average percentage increases made to the then-effective target long-term incentive awards of other Company Section 16 officers at such time(s)). Each LTI Award will be subject to the terms and conditions of the Plan and an award agreement, which shall evidence the grant of the LTI Award. Each such award agreement shall be in a form prescribed by the Company and consistent in all material respects with award agreements pursuant to which the Company grants long-term incentive awards to Section 16 officers generally at the time the applicable LTI Award is granted.
Long Term Incentives. Employee shall be eligible to receive the following: 80,000 EOTT Energy L.P. Subordinated Unit Options 30,000 EOTT Phantom Units 5000 Enron options All of the above terms are subject to Board Approval upon recommendation from the Officer of the Chairman, EOTT Energy Corp. EOTT ENERGY CORP. LAWRXXXX XXXXXXX, XX. Xx: /s/ STANXXX X. XXXXXX /s/ LAWRXXXX XXXXXXX, XX. -------------------------------- ------------------------------- Name: Stanxxx X. Xxxxxx This 18th day of August, 2000 ------------------------- Title: Chairman and CEO ------------------------- This 14th day of September, 2000
Long Term Incentives. Employee shall be eligible for:
Long Term Incentives means each and all grants made to the Executive under any one or more of the compensation programs established from time to time by the Company or a successor, whether or not approved by the stockholders of the Company, which conditions payment, receipt or lapse of restriction on cash or property on a period of service or achievement of any performance metric or goal over a time period longer than a calendar year. For the avoidance of doubt: