Common use of Future Grants Clause in Contracts

Future Grants. Executive shall be eligible to participate in any equity plan or program adopted by the Company, at a level commensurate with his position as determined by the Board and on terms no less favorable than those offered to any other executive officer of the Company.

Future Grants. Executive shall be eligible to participate in any equity plan or program adopted maintained by the CompanyCompany (including the LTIP or any successor thereto), at a level commensurate with his position as determined by the Board administrator of such program pursuant to the terms of such plan or program and on terms no less favorable than those offered to any other executive officer of the Company's usual compensation practices; provided that Executive shall not receive any stock option grants in addition to that described in Section 4(a) above until calendar year 1997.