Acquisition Look-Back Incentive Sample Clauses

Acquisition Look-Back Incentive. At the end of the 12th full quarter following the execution of this Agreement, provided at least one of Firth and Xxxx is still employed by the Employer at that date, the Executive Group shall be eligible for further incentive compensation if a member of the Executive Group is actively employed by Employer at the time and has met the requirements necessary to receive the Base Incentive, as described above, based on the following: • The Executive Group as a whole shall be entitle to receive a number of Units determined by dividing (X) the sum of (i) 1.5% of the aggregate Imputed Value determined as provided below) of all acquisitions completed by the Company in the Mid-continent of the United States between the date hereof and December 31, 2007 (the “measurement Period”) that were identified by members of the Executive Group or by employees of the Company who directly report to any member of the Executive Group and (ii) 0.5% of the aggregate Imputed Value of all acquisitions completed by the Company in the Mid-continent of the United States during the Measurement Period which are sourced or identified to the Company by others by (Y) the average of the closing prices of the Units on the New York Stock Exchange on each of the five (5) trading days preceding the Award Date (as defined below). The aggregate number of Units to which the Executive Group shall be entitled shall be allocated among the members of the Executive Group at the sole discretion of the President and Chief Executive Officer of the Company. Attached as Exhibit A hereto is a model calculation of the Acquisition Look-Back Incentive, which is provided for illustrative purposes only. • The Imputed Value of acquisition completed by the Company during the Measurement Period shall be equal to (i) the actual Distributable Cash Flow generated by the acquired company during the period January 1, 2008, through December 31, 2008, divided by (ii) the Yield. For purposes of the foregoing, Yield shall mean an amount determined by dividing (i) the amount of the regular quarterly distribution made by APL in respect of the fourth calendar quarter of 2008 multiplied by four (4) by (ii) the closing price of a Unit on the New York Stock Exchange on the last business day of such calendar quarter. The amount of Distributable Cash Flow with respect to an acquisition completed during the Measurement Period shall be based on the consolidating audited financial statements of such acquisition for the year ending Decemb...

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Related to Acquisition Look-Back Incentive

Dividend Reinvestment Plan, Cash Option Purchase Plan, Stock Incentive Plan or Other Plan Except as may otherwise be provided in this Article III, all amounts received or deemed received by the Corporation in respect of any dividend reinvestment plan, cash option purchase plan, stock incentive or other stock or subscription plan or agreement, either (a) shall be utilized by the Corporation to effect open market purchases of shares of Class A Common Stock, or (b) if the Corporation elects instead to issue new shares of Class A Common Stock with respect to such amounts, shall be contributed by the Corporation to the Company in exchange for additional Common Units. Upon such contribution, the Company will issue to the Corporation a number of Common Units equal to the number of new shares of Class A Common Stock so issued.
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.
Initial Equity Award Upon or as soon as practicable after the Effective Date, the Company will award Executive restricted stock units and stock options to purchase shares of the Company’s common stock, with an aggregate grant date fair market value as determined by the Board for accounting purposes of $1,200,000. Such restricted stock units or stock options, as applicable, to vest ratably over 4 years (25% each year). Allocation between restricted stock units and stock options to be determined by the Board.
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.
Annual Equity Award With respect to each Company fiscal year commencing during the Term, the Executive shall be eligible to receive an annual equity compensation award (each such award, an “Annual Equity Award”). The form and terms and conditions of each Annual Equity Award shall be determined by the Board (or the Compensation Committee of the Board) in its discretion and shall be set forth in one or more written award agreements between the Company and the Executive.
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.
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.
Equity Incentive Subject to the terms of any applicable agreement, [a] the Executive may exercise any outstanding stock options that are vested when the Executive became Disabled and [b] those that would have been vested on the last day of the fiscal year during which the Executive becomes Disabled if the Executive had not become Disabled.
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 Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) 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.