Annual Equity Incentive Compensation Sample Clauses

Annual Equity Incentive Compensation. For each year of the Employment Period following 2024, Executive shall receive an award under the Stock Incentive Plan on the following terms, as are specifically set forth in applicable the award agreement, and at the same time the Company generally makes equity grants to other senior executives of the Company (the “Annual Equity Grant”). (i) The target number of shares underlying the Annual Equity Grant shall be determined by dividing $600,000 by the closing stock trading price of the Company on the date of the Annual Equity Grant or, in the case of stock options or similar awards, shall be determined based on Black-Scholes or a similar option-pricing model approved by the Committee. (ii) The Board will establish the applicable service-based and performance-based goals and corresponding attainment percentages, which may include adjusted EBITDA or other criteria, in good faith consultation with Executive.
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Annual Equity Incentive Compensation. Executive shall be eligible to participate in the Company’s equity-based incentive program, or any successor plan thereto (the “PVR LTIP”), which shall enable Executive to be awarded equity-based compensation in such amounts, if any, and payable at such times, if any, as determined in the normal course by the Committee. Executive’s target annual equity-based compensation shall be 125% of his Base Salary commencing in 2012. The annual equity-based target may be reviewed and adjusted by the Committee from time to time in accordance with the Committee’s normal practice. All equity-based compensation shall be paid or settled in accordance with the PVR LTIP and the applicable award agreement evidencing the equity-based compensation award.
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Annual Equity Incentive Compensation. In addition to the equity grant provided in Section 4(c), with respect to each calendar year during the Term beginning after calendar year 2020, Executive shall be eligible to receive an annual long-term equity incentive award. For the equity incentive award granted in the 2021 calendar year, such award shall be granted prior to March 15, 2021 and shall be based on the target award recommended by FPL Advisory in its proposed executive compensation program summary dated August 10, 2020. For the equity incentive award granted in 2021, seventy percent (70%) of each such award shall vest in substantially equal installments over a period of three (3) years based solely on the passage of time and the remaining thirty percent (30%) shall vest based on performance criteria established in the sole discretion of the Board or the Committee. Except as otherwise provided herein, eligibility for, and the terms and vesting conditions applicable to, each such annual grant, if any, shall be determined by the Board or the Committee in its sole discretion.
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Annual Equity Incentive Compensation. (a) All agreements pertaining to equity of Burger King Holdings, Inc. or equity-based awards with respect to the common stock of Burger King Holdings, Inc. (“Common Stock”) held by Executive as of the date hereof and any Management Subscription and Shareholders’ Agreement, Management Stock Option Agreement and/or Restricted Share Agreement (collectively, the “Equity Award Agreements”) to which the Executive is a party as of the date hereof, will continue in accordance with their respective terms, provided that, notwithstanding any other provision of this Agreement or the Equity Award Agreements, if a Change in Control (as defined below) occurs and, within twenty-four (24) months after the date of such Change in Control, Executive experiences a Separation from Service with the Company due to the Company’s termination of his employment “Without Cause” or Executive’s resignation for “Good Reason” (as defined below), all options to acquire Common Stock held by Executive at such time (the “Options”), will become immediately and fully vested upon such termination and Executive shall have ninety (90) days from the Date of Separation from Service (as defined below) to exercise such Options. For purposes of this Agreement, the term “Change in Control” shall have the meaning ascribed to such term in the Omnibus Plan.
Sample 1
Annual Equity Incentive Compensation. In addition to the IPO RSU Grant, the Executive shall be eligible to receive an equity award annually based on the Board’s assessment of market competitive conditions and Executive’s overall individual performance. The design and delivery of such annual equity awards and plan, and the grant of such equity awards, will be determined by and subject to the approval of the Board following recommendation by the Compensation Committee.
Sample 1
Annual Equity Incentive Compensation. During the Employment Period, Executive shall be entitled to receive annual performance-based equity grants in accordance with the terms and conditions of the Holdings Equity Incentive Plan, the Omnibus Plan or such other plan providing for equity-based incentive compensation maintained by the Company for employees at Executive’s grade level that the Company designates, in its sole discretion (any such plan, the “Equity Plan”).
Sample 1
Annual Equity Incentive Compensation. Executive will be eligible to earn and receive regular grants of long-term equity incentive awards under the Amended and Restated American Midstream GP, LLC Long-Term Incentive Plan and any successor or additional plan (collectively, the “LTIP”). Awards under the LTIP shall vest in four equal annual installments and each annual installment is referred to herein as a “Vesting Tranche.” Awards are typically determined annually by the Compensation Committee (or if there is no Compensation Committee, the Board) and currently are granted in the form of AMID phantom units that, with respect to the Executive, may be settled upon vesting in (x) common units in AMID, or, (y) with consent of Executive or if required as a result of any applicable federal securities laws or the rules of the New York Stock Exchange (or such other national securities exchange on which the securities of AMID are then listed), in cash. Executive will have an annual target award level under the LTIP (the “LTI Target”) unless otherwise determined in accordance with the last sentence of this paragraph 3.3 of (i) 200% of his annual base salary to the extent the award is granted in tandem with DERs (as defined in the LTIP), or (ii) 300% of his annual base salary if, and to the extent that, the award is not granted in tandem with DERs; provided, however, that if an award is granted in tandem with DERs based on an LTI Target of 200% of annual base salary but during the vesting period for such LTIP award AMID pays a quarterly cash distribution on common units that is less than the Minimum Quarterly Distribution (as defined the Fourth Amended and Restated Agreement of Limited Partnership of American Midstream Partners, LP (the “AMID LP Agreement”)) in effect as of the Effective Date, then the Executive by written notice to the Company given within 90 days after payment of such distribution may elect to adjust the award to eliminate his right to DERs with respect to such award. If such election is made, then the number of units subject to such award in each Vesting Tranche will be increased by a number of units equal to (A) 50% multiplied by the Original Award Value (as defined below) and then divided by the Fair Market Value (as defined in the LTIP) of one AMID common unit on the date of such election, minus (B) the total cash distribution equivalent payments previously made in respect of such Vesting Tranche divided by the Fair Market Value (as defined in the LTIP) of one AMID common unit on the ...
Sample 1
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Related to Annual Equity Incentive Compensation

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • 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.

  • 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.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • 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 Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Incentive Compensation During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Compensation Committee from time to time. The Executive’s target annual incentive compensation shall be thirty-five percent (35%) of his Base Salary. To earn incentive compensation, the Executive must be employed by the Company on the day such incentive compensation is paid.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • 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.

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