Senior Executive Compensation Committee definition
Examples of Senior Executive Compensation Committee in a sentence
For all of your services under this Agreement, Blockbuster shall award you stock options for Five Million (5,000,000) shares of Blockbuster Class A Common Stock (the “Blockbuster A Stock”) (or such other number as may be determined by the Blockbuster Senior Executive Compensation Committee pursuant to paragraph 3(f) below), ▇▇▇▇ ▇.
Your Bonus may be pro-rated for any partial calendar year that you are employed by Blockbuster under this Agreement except that, for the calendar year that includes the Effective Date, you will receive a single Bonus for the entire twelve (12) month period based on the sum of your Salary and Deferred Compensation at the annualized rate in effect at the end of such period and the Senior Executive STIP targets established by the Blockbuster Senior Executive Compensation Committee for that calendar year.
For all of your services under this Agreement, on the fifth trading day after the Split-Off Date, Blockbuster shall award you a grant of One Million (1,000,000) restricted share units (the “Restricted Units”) (or such other number as may be determined by the Blockbuster Senior Executive Compensation Committee pursuant to paragraph 3(f) below), that vest 50% on the second anniversary of the Split-Off Date and 50% on the third anniversary of the Split-Off Date.