Annual Equity Participation. You will remain eligible for annual grants under the Amended and Restated Hyatt Hotels Corporation Long Term Incentive Plan (as amended and restated from time to time, or any successor equity plan maintained by the Company “LTIP”) similar to other senior executives of Hyatt. Such annual LTIP grants currently take the form of stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and/or restricted stock. RSUs and SARs generally vest pro rata annually over the vesting period determined by the Committee (as Administrator of the LTIP), but RSUs and restricted stock may also vest based on performance as determined by the Committee. Your annual grant is targeted to have a grant date fair value (as determined under FASB (ASC) Topic 718, Compensation-Stock Compensation) of $4,500,000 and is subject to change at the discretion of the Compensation Committee.
Annual Equity Participation. In connection with Enfusion’s equity incentive plan for executives, you will be eligible to receive an annual grant (“LTI Award”) of restricted stock units (“RSUs”) beginning in 2024. We anticipate that at the time of the grant the LTI Award will have an annual value equal to $1,250,000 ("Grant Value"). Each LTI Award will follow the structure of all other company officers and may consist of time-based vesting and/or performance-based vesting. We anticipate that annual equity awards will be subject to customary double-trigger acceleration in the event of a change in control. All LTI Awards are subject to Board approval and subject to the terms contained in the Stock Award Agreement and the Plan.
Annual Equity Participation. For the 2010 year and thereafter, you will be eligible for annual grants under the Amended and Restated Global Hyatt Long Term Incentive Plan (as amended and restated from time to time, “LTIP”) similar to other senior executives of Hyatt; provided that all LTIP grants for services relating to calendar year 2012 shall be made no later than December 31, 2012 unless the term of your employment with the Company is extended beyond December 31, 2012 as provided above. Such annual LTIP grants currently take the form of stock appreciation rights (“SARs”) and/or restricted stock units (“RSUs”) and vest pro rata annually over the vesting period determined by the Committee (as Administrator of the LTIP), however, in the future such vesting may be, in part, performance based as determined by the Committee. Beginning with calendar year 2010, your annual grants will be targeted to have a grant date fair value (as determined under FAS 123R) equal to 350% of your base salary.
Annual Equity Participation. Each year during the Term, Employee will be awarded options, restricted stock units, other equity-based awards or any combination thereof having a total target fair market value as of the date of grant of $900,000, as determined in accordance with the valuation methodologies of the Xxxxxx Group. Such equity awards will be granted during the fiscal year (starting with 2014) at the same time, in the same manner and upon the terms and conditions (including whether to receive dividend equivalents) as annual long term equity incentive awards are provided generally to executive officers of the Xxxxxx Group. Subject to this Section 1(d), the annual equity awards will be governed by and made pursuant to Xxxxxx’ 2012 Equity Incentive Plan (the “2012 EIP”), or any successor plan, and award agreements thereunder that will reflect the terms of this paragraph as well as other terms and conditions established by the Board.
