Common use of Annual Equity Award Clause in Contracts

Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the Company’s good faith discretion, based upon the Compensation Committee’s evaluation of his performance and peer company compensation practices (the “Annual Equity Award”). Executive’s target Annual Equity Award shall be consistent with his position at the Company’s peer companies; provided, however, that the grant date fair value of the target Annual Equity Award shall not be less than two hundred percent (200%) of Executive’s Salary.

Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the CompanyBoard’s good faith discretion, based upon the Compensation Committee’s evaluation of his performance and peer company compensation practices (the “Annual Equity Award”). Executive’s target Annual Equity Award shall be consistent with his position at the Company’s peer companies; provided, however, that the grant date fair value of the target Annual Equity Award shall not be less than two hundred percent (200%) of Executive’s Salarypractices.

Annual Equity Award. Executive will be eligible for annual grants of long-term incentive and equity compensation awards at the Company’s good faith discretion, based upon the Compensation Committee’s evaluation of his performance and peer company compensation practices (the “Annual Equity AwardGrant”). Executive’s target Annual Equity Award Grant shall be consistent with his position at the Company’s peer companies; provided, however, that the grant date fair value of the target Annual Equity Award Grant shall not be less than two one hundred fifty percent (200150%) of Executive’s Salary, with vesting terms consistent with that of other executives.