3Long-Term Incentive Compensation Sample Clauses

3Long-Term Incentive Compensation. Long-term incentive compensation awards may be made to the Employee from time to time during the Employment Term by the Board in its sole discretion, whose decision will be based upon performance and award guidelines for executive officers of the Company established periodically by the Board in its sole discretion. ​
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3Long-Term Incentive Compensation. 4.3.1 The Executive shall be entitled to participate in the Company’s stock plans for granting equity (e.g., future grants of restricted stock awards (“RSAs”) or other stock awards) as may subsequently be approved by the Compensation Committee.  These Restricted Shares are granted on the conditions that Executive remains employed by the Company through and including the respective vesting periods and that the Board has not terminated the employment of the Executive for “Cause,” as the term is defined in Section 6.2, below. 
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3Long-Term Incentive Compensation. During the Employment Period, you shall participate in the Company’s equity incentive plan (currently the 2019 Omnibus Incentive Plan) and any successor thereto (as applicable, the “Long-Term Incentive Plan”) in accordance with the terms and conditions thereof and on the same basis as other senior executives of the Company. Contingent and effective on the Effective Date, in connection with the commencement of your employment, the Company will award you the following equity grants under the Long-Term Incentive Plan: (i) a sign-on time-based grant (the “Sign-On Grant”) for $250,000 of the Company’s restricted stock units, which will vest in equal semi-annual installments over four years, provided that you remain employed by the Company. (ii) a time-based grant (the “Time-Based Grant”) for $625,000 of the Company’s restricted stock units, which will vest in equal semi-annual installments over three years, provided that you remain employed by the Company. (iii) a performance-based grant for $625,000 of the Company’s restricted stock units (the “Performance Grant”), which will be earned based upon the Company’s achievement against 2022 Company metrics established by the Board or a committee of the Board. Any performance-based restricted stock units earned under the Performance Grant will vest on December 31, 2024, provided that you remain employed by the Company. The terms and conditions of the Sign-On Grant, Time-Based Grant and the Performance Grant (together, the “Grants”) shall be governed by the Long-Term Incentive Plan and the applicable award agreements, which will be substantially in the form of Schedule 1, 2, and 3 hereto for the Sign-On Grant, Time-Based Grant and Performance Grant, respectively.
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3Long-Term Incentive Compensation. Subject to Compensation Committee and/or Board approval, during the Term, Executive will be eligible to receive future long-term incentive awards commencing in 2024 as part of the Company’s annual grant process, with vesting and other terms as determined by the Compensation Committee consistent with those applicable to long-term incentive grants awarded to other executive officers of the Company. Executive’s target opportunity for the long-term incentive compensation program shall be equal to $7,000,000 (such target long term incentive compensation program target, as it may be increased from time to time, the ”Target LTI”), with the actual amount of the Target LTI earned (which may be more or less ​ ​
Sample 1
3Long-Term Incentive Compensation. During the Employment Period, Executive shall participate in the Company’s 2009 Equity Incentive Plan and any successor thereto (the “Long-Term Incentive Plan”) in accordance with the terms and conditions thereof and on the same basis as other senior executives of the Company. In connection with his commencing employment with the Company, on the Effective Date Executive is being awarded under the Long Term Incentive Plan a time vesting restricted stock grant (the “Initial Grant”) for one hundred thousand dollars ($100,000) of the Company’s common stock, valued as of market closing on the Effective Date, and vesting in equal semi-annual installments over 4 years from the Effective Date. The Initial Grant is in lieu of a grant that would vest based on the Company’s 2016 financial results. Also, on the Effective Date Executive is being awarded under the Long Term Incentive Plan a restricted stock grant for one hundred thousand dollars ($100,000) of the Company’s common stock, valued as of market closing on the Effective Date, which would be earned based upon the Company achieving three year performance targets for Company’s executive officers for the three year period of 2016, 2017 and 2018, measured by ​ results of 2018, as established by the Committee, and if earned, would vest 100% upon the Committee’s determination that such performance target was achieved (“2016 Three Year Performance Grant”). The terms and conditions of the Initial Grant and 2016 Three Year Performance Grant shall be governed by the Long Term Incentive Plan and an award agreement determined by the Committee in the case of the 2016 Three Year Performance Grant consistent with corresponding grants provided to other senior executive officers of the Company for 2016, and in the case of the Initial Grant consistent with time vested grants recently awarded.
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Related to 3Long-Term Incentive Compensation

  • 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.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • 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 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 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 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.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • 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 Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

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