Eligibility for Annual Equity Awards. Executive shall be eligible to receive an annual grant of stock options or other equity awards, in the sole discretion of the Compensation Committee, in accordance with the applicable plans and programs for senior executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest under any such plan or program.
Eligibility for Annual Equity Awards. Starting in 2023, Executive shall be eligible to receive an annual grant of stock options, restricted stock units or other equity awards with a grant date fair value equal to approximately 200% of Executive’s base salary, as measured in accordance with the Company’s standard practices of measuring equity value, and in accordance with the applicable plans and programs of the Company for executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program. Equity awards granted pursuant to this Agreement shall be subject to the terms of the Company’s standard form of award agreement under the Incentive Compensation Plan modified to provide that, if Executive remains employed by the Company through the date when she becomes 65 years of age and retires at any time thereafter, any unvested equity held by Executive as of that retirement date shall vest ten days after such retirement, subject to the achievement of any applicable performance criteria; provided that, settlement of any such awards shall be in accordance with Section 4(g).
Eligibility for Annual Equity Awards. Executive shall be eligible to receive an annual grant of stock options, restricted stock units or other equity awards, in the sole discretion of the Compensation Committee, with a targeted grant date fair value equal to approximately 100% of Executive’s base salary, as measured in accordance with the Company’s standard practices of measuring equity value, and in accordance with the applicable plans and programs of the Company for executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program.
Eligibility for Annual Equity Awards. The Agreement is hereby amended by adding the following sentences to the end of Section 3(c) of the Agreement: “If Executive is an employee of the Company on November 30, 2021, then, within 10 business days after November 30, 2021, all equity awards with respect to the Company’s common stock that were granted to Executive before March 20, 2021, to the extent unvested as of November 30, 2021, shall vest, less applicable withholdings. This acceleration of the foregoing equity awards shall be in addition to, and not in lieu of, other compensation for which Executive is eligible pursuant to Section 3 of this Agreement.
Eligibility for Annual Equity Awards. (i) The Company will make a grant to Executive in 2017 of stock options, restricted stock units or other equity awards with a grant date fair value equal to approximately 250% of Executive’s base salary, as measured in accordance with the Company’s standard practices of measuring equity value, and in accordance with the applicable plans and programs of the Company for senior executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program. Executive shall be eligible (beginning in 2018) to receive an annual grant of stock options, restricted stock units or other equity awards currently expected to be targeted at approximately 250% of Executive’s base salary, in the sole discretion of the Compensation Committee and in accordance with the applicable plans and programs of the Company for senior executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program.
Eligibility for Annual Equity Awards. During the Term, Executive shall be eligible to receive an annual grant of stock options, restricted stock units or other equity awards with a grant date fair value equal to approximately 125% of Executive’s base salary, as measured in accordance with the Company’s standard practices of measuring equity value, and in accordance with the applicable plans and programs of the Company for executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program. Executive will be eligible for an annual equity award for 2018 but it will be pro-rated based on the number of days he is employed during 2018.
Eligibility for Annual Equity Awards. (i) The Company will grant to Executive within ten (10) days after the Effective Date a special equity award for 2018 covering a total of 300,000 restricted stock units, of which 200,000 will be subject to performance and time vesting criteria and 100,000 will be subject to time vesting criteria (the “2018 Special Equity Award”). The 2018 Special Equity Award will be granted pursuant to the Incentive Compensation Plan. The terms of the 2018 Special Equity Award are summarized on Exhibit B-1 attached hereto and will be evidenced by the execution of the Company’s standard form of award agreement under the Incentive Compensation Plan, as modified to reflect Exhibit B-1.
Eligibility for Annual Equity Awards. Executive shall be eligible to receive an annual grant of stock options, restricted stock units or other equity awards in the sole discretion of the Compensation Committee and in accordance with the applicable plans and programs for similarly situated Executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program; provided, however, that Executive shall receive one or more equity award(s) in 2010 with an aggregate value (determined in accordance with the valuation procedures then employed by the Company for equity awards generally) of not less than 95% of Executive’s base salary (to be allocated in the sole discretion of the Compensation Committee between restricted stock units (including performance-conditioned restricted stock units) and stock options).
Eligibility for Annual Equity Awards. The Executive shall be eligible to receive an annual grant of stock options or other equity awards, in the sole discretion of the Compensation Committee, in accordance with the applicable plans and programs for executives of the Company and subject to the Company’s right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest under any such plan or program. Any such awards under the existing 2003 Plan would vest over five (5) years, twenty percent (20%) in each year, subject to lapsing of any unvested awards at termination which equity awards will be governed by the laws of the United States. Any such awards do not form part of the Executive’s contract of employment under UK law. On termination of the Appointment howsoever arising the Executive shall not be entitled to any compensation for the loss of any rights or benefits under any equity or stock option award or scheme (operated by the Company or any Group Company) in which he may participate.
Eligibility for Annual Equity Awards. In addition to the SEIP, beginning in 2023 Executive shall be eligible to receive an annual grant of stock options, restricted stock units or other equity awards with a grant date fair value equal to approximately 75% of Executive's base salary, as measured in accordance with the Company's standard practices of measuring equity value, and in accordance with the applicable plans and programs of the Company for senior executives of the Company and subject to the Company's right to at any time amend or terminate any such plan or program, so long as any such change does not adversely affect any accrued or vested interest of Executive under any such plan or program ("Annual Equity Awards"). All equity awards granted pursuant to this Agreement shall be subject to the terms of the Company's standard form of award agreement under the Incentive Compensation Plan.
