GRANT OF LONG-TERM INCENTIVE AWARD Sample Clauses

GRANT OF LONG-TERM INCENTIVE AWARD. The Company hereby grants to the Executive a Long-Term Incentive Award consisting of 42,000 Appreciation Units. The Company makes no representation or warranty to the Executive with respect to the possible future value of the Long-Term Incentive Award.
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GRANT OF LONG-TERM INCENTIVE AWARD. The Company hereby grants and promises to pay to Grantee a long-term restricted cash incentive award of [Dollar Amount of Award] (the “LTI Award”) pursuant to the terms and provisions of this Agreement.
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GRANT OF LONG-TERM INCENTIVE AWARD. In accordance with this Agreement and the Occidental Petroleum Corporation 2005 Long-Term Incentive Plan, as the same may be amended from time to time (the “Plan”), Occidental grants to the Grantee as of the Date of Grant, the number of Long-Term Incentive Units (“LTI Units”) set forth above, subject to adjustment under the Plan and Section 6 of this Agreement. A LTI Unit represents the right to receive in cash, upon vesting, as set forth in Section 3, the Long-Term Incentive Value of one share of Occidental Common Stock, $0.20 par value (the “Common Stock”). LTI Units are not Common Shares and have no voting rights or, except as stated in Section 5, dividend rights. “Long-Term Incentive Value” means the last reported sale price of a share of Common Stock on the New York Stock Exchange Composite Transactions on the applicable Vesting Date or Change of Control Event.
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GRANT OF LONG-TERM INCENTIVE AWARD. The Company hereby grants to the Grantee, effective as of the Grant Date, a long-term incentive award (the “Long-Term Incentive Award”) with a target value of $ (the “Target Award”), subject to all of the terms and conditions of this Agreement and the Plan. The actual amount, if any, to be paid to the Grantee in respect of the Long-Term Incentive Award will be determined and certified by the Committee pursuant to the terms of this Agreement and Exhibit A hereto; provided, however, that the Committee shall have the right in it sole discretion to reduce the amount of the Long-Term Incentive Award determined in accordance with Exhibit A hereto.
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GRANT OF LONG-TERM INCENTIVE AWARD. Pursuant to Section 10 of the Plan, the Company has granted to the Grantee, effective as of _______, 20__ (the “Grant Date”), a long-term incentive award (the “Long-Term Incentive Award”) with a target value of ________ (the “Target Award”), subject to all of the terms and conditions of this Agreement, the Plan, and the Statement of Performance Goal approved by the Committee with respect to the Long-Term Incentive Award and communicated to the Grantee (the “Statement of Performance Goal”). The actual amount, if any, to be paid to the Grantee in respect of the Long-Term Incentive Award will be determined and certified by the Committee pursuant to the terms of this Agreement and the Statement of Performance Goal; provided, however, that the Committee shall have the right in its sole discretion to adjust the amount of the Long-Term Incentive Award determined in accordance with the Statement of Performance Goal.
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Related to GRANT OF LONG-TERM INCENTIVE AWARD

  • 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 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 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 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 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 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 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.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long-Term Incentives Executive shall be eligible to receive grants of long-term incentives, such as stock options, stock appreciation rights, restricted stock, rights to acquire stock or other securities of the Company or cash, all as commensurate with his position, and to the extent permitted by and in accordance with the terms of the Company’s long-term incentive plan or plans as in effect from time to time.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

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