Long-term Incentive Compensation Programs. During the Employment Period, the Executive shall participate in all long-term incentive compensation programs 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.
Long-term Incentive Compensation Programs. (a) The Executive shall be eligible to participate in the Company's applicable long-term incentive compensation plan as may be established and modified from time to time by the Board in its sole discretion.
Long-term Incentive Compensation Programs. During the Employment Period, the Executive shall participate in all long-term incentive compensation programs for key executives, including stock option or stock incentive plans, at a level that is commensurate with the Executive's opportunity to participate 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. During the Employment Period, the Company will offer such plans and programs to the Executive as were in effect immediately prior to the Change of Control or, if more favorable to the Executive when measured against particular plans or programs previously offered, replacement plans or programs.
Long-term Incentive Compensation Programs. The Executive shall be eligible to participate in the Company's stock option plans applicable to senior-level executives, the terms, conditions and eligibility of such plans to be determined by the Board.
Long-term Incentive Compensation Programs. Executive shall be eligible to participate in long-term incentive compensation programs (including the 2000 Restricted Unit Plan and the 2003 Long-Term Incentive Plan) applicable to other senior executives of the Partnership in the discretion of the Compensation Committee from time to time.
Long-term Incentive Compensation Programs. (a) The Company shall grant at the signing of this agreement to the Executive 2,375,000 performance-based restricted shares of the Company’s common stock and warrants that entitle the holder to purchase 2,500,000 shares of common stock at a price of $0.17 per share for a period of ten (10) years from the date of the options (the “Special Performance-Based Restricted Stock Grant”). The Parties agree that all compensation attributable to the Special Performance-Based Restricted Stock Grant shall be tax deductible under Code Section 162(m). Subject to Section 11 below, the [Missing Graphic Reference] Special Performance-Based Restricted Stock Grant shall vest 100% on the Executive’s 65th birthday, provided that she is still an employee of the Company on that date. The Special Performance-Based Restricted Stock Grant shall be subject to other terms and conditions as set forth by the Compensation Committee of the Board in a Special Performance-Based Restricted Stock Award Agreement. If the Company cannot grant all 2,375,000 shares due to the unavailability of such shares under the Company’s shareholder-approved equity compensation plans, then the Company shall grant the remaining un-granted shares under this Section 6(a) within 30 days of the date that the Company’s shareholders approve either (i) a new equity compensation plan or (ii) an amendment to the Company’s existing equity compensation plan that increases the number of available shares under such plan so that all of the remaining un-granted shares may be granted.
Long-term Incentive Compensation Programs. (a) The Parties acknowledge that, pursuant to the Company's 2005 Stock Incentive Compensation Plan (the "2005 Plan") and a Deferred Stock Award Agreement dated the date hereof (the "Deferred Stock Award Agreement"), the Compensation Committee awarded to the Executive forty thousand (40,000) shares of common stock of the Company in the form of deferred stock (the "Deferred Stock"), which shall vest as to twenty-five percent (25%) of the original number of shares subject thereto on each of May 31, 2007, May 31, 2008, May 31, 2009 and May 31, 2010, subject to accelerated vesting as otherwise provided herein. Shares of common stock in settlement of the Deferred Stock award (or, at the Company's election, cash in lieu of shares based on the fair market value thereof on the Settlement Date (as defined in the Deferred Stock Award Agreement)) shall be delivered to the Executive in accordance with the provisions of the Deferred Stock Award Agreement.
Long-term Incentive Compensation Programs. During the Employment Period, the Executive shall participate in all long-term incentive compensation programs 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; provided that, during the Pre-Change Effective Period, the Company may reduce the Executive's level of participation to the extent that such reduction is part of a cost reduction or other program that applies generally to all officers of the Company and such reduction is in proportion to similar reductions applicable to such other officers. (d)
Long-term Incentive Compensation Programs. During the Protected Period, the Key Employee shall be eligible to participate in all long-term incentive compensation programs that are made available from time to time to Similarly Situated Key Employees, subject to and on a basis consistent with the terms, conditions, and overall administration of such programs.
Long-term Incentive Compensation Programs. (a) The Company’s Chief Executive Officer will recommend that the Compensation Committee recommend and the Board approve, at the first scheduled meeting for each after the date hereof, a grant to Executive of 40,000 deferred stock units representing the right to receive, upon vesting, shares of Parent common stock (“Common Stock”) in accordance with the terms and conditions of the Parent’s 2005 Stock Incentive Compensation Plan and the form of the Parent’s Deferred Stock Award Agreement that will vest one-third on each of the first, second and third anniversary of the Effective Date.
