Amendments Related to Long-Term Incentive Awards Sample Clauses

Amendments Related to Long-Term Incentive Awards. The last sentence of Paragraph 3(c) of the Employment Agreement is replaced in its entirety by the following two sentences effective as of the date hereof: “To the extent that a Legacy LTIP Award (as defined in paragraph 5(a)(iii) below) otherwise provides for payment of amounts upon the occurrence of a Change in Control Event in advance of the normal payment date and without regard to a termination of employment (“LTIP Single Trigger Payment Provisions”), then, except with respect to LTIP performance periods that have ended prior to the date of the Change in Control Event (in which case this sentence shall be inapplicable), (i) the LTIP Single Trigger Payment Provisions for the Legacy LTIP Award shall be disregarded with respect to the Executive, (ii) outstanding Legacy LTIP Awards with unexpired performance periods as of the date of the Change in Control Event shall remain outstanding, (iii) the Company (or its successor) shall make equitable adjustments to the applicable performance goals for such awards, and (iv) the applicable awards shall be paid on the dates they would have been paid as provided above had no such Change in Control Event occurred, unless the Executive’s termination of employment has occurred prior to such date, in which case the amount payable with respect to such Legacy LTIP Awards shall be determined and paid in accordance paragraph 5 below. Notwithstanding the preceding provisions of this paragraph 3(c), and without limitation upon the Executive’s rights under LTIP or Incentive Plan awards granted prior to 2015, for each calendar year during the Term beginning on or after January 1, 2015, the Company shall provide the Executive with a long-term incentive award or awards under the Incentive Plan, in such form and on such terms as the Committee may determine that are no less favorable than applicable to the Company’s other Executive-Level Employees, in an aggregate target value on the grant date of not less than $12,000,000. For the avoidance of doubt, (x) the mix of such awards may be different for the Executive than for other Executive-Level Employees and (y) Good Reason as provided under paragraph 4(d)(i) below shall not be triggered if the Company complies with the preceding sentence. The Company shall cause the performance-vesting restricted stock unit award granted to the Executive on June 10, 2013, which is otherwise scheduled to vest on December 31, 2015 subject to performance results, to be paid to the Executive on December...
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Related to Amendments Related to Long-Term Incentive Awards

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • 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.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

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