Additional Eligibility for Vesting of Long-Term Incentive Awards Sample Clauses

Additional Eligibility for Vesting of Long-Term Incentive Awards. Subject to the terms and conditions of this Separation Agreement (including this Attachment B), upon Executive’s termination of employment on the Separation Date, (i) all outstanding Long-Term Incentive Awards that vest only on a time basis will continue to time vest during the three-year period commencing on the Separation Date, (ii) all outstanding Long-Term Incentive Awards that vest on a performance basis will remain outstanding and continue to be eligible to vest during the three-year period commencing on the Separation Date and will vest, if at all, according to the achievement of the applicable performance metrics during such period, and (iii) the exercisability period of all outstanding options that are vested as of the Separation Date or that could vest during the three-year period commencing on the Separation Date will continue until the earlier of the expiration of the original term of such options and the third anniversary of the Separation Date. The Company shall treat the Executive no less favorably than continuing executive officers of the Company in determining the extent to which any applicable performance criteria has been achieved. For performance periods that have been completed as of the date of this agreement, determinations of performance achievement already made by the Company’s HR Committee shall be applied. The excess of the Long-Term Incentive Awards that vest (or have the opportunity to vest) under this Paragraph 9 over the Long-Term Incentive Awards that otherwise vest (or have the opportunity to vest) without application of this Paragraph 9 are referred to as “Incremental Awards.” The vesting of the Incremental Awards shall immediately cease, all outstanding Incremental Awards shall be immediately forfeited and Executive shall be required to repay the Company 100% of the value Executive has previously received in respect of any Incremental Awards if Executive engages in any Unauthorized Activity during the three-year period commencing on the Separation Date. For the sake of clarity, any breach of this Paragraph 9 shall not be deemed to be a breach of the Separation Agreement for purposes of the third sentence of Section 9(d) thereof. For this purpose, “Unauthorized Activity” means Executive has engaged, without the written consent of the Company’s then-current principal executive officer, in any (a) actual or potential transaction involving the acquisition or disposition, on a consolidated basis, of 5% or more of the Company’s...
Sample 1
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Related to Additional Eligibility for Vesting of Long-Term Incentive Awards

  • 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 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.

  • Annual Equity Awards Following the first anniversary of the Effective Date, Executive will be granted annual equity awards in an amount determined by the Board. Such awards may be in the form of options, restricted stock units, performance shares, or any other form as approved by the Board.

  • 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.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • 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.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • 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.

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