Common use of Annual Long-Term Incentive Plan Clause in Contracts

Annual Long-Term Incentive Plan. Executive will participate in the Annual Long-Term Incentive Plan (“ALTIP”) adopted by the Board of Directors for executives, and all applicable terms which may apply. The annual grant for the Executive shall be at the discretion of the Board of Directors and may be in a mix of RSUs and PSUs. The final target amount, vesting schedule and other terms and criteria for the ALTIP are to be determined at the sole discretion of the Board of Directors and may be subject to shareholder approval.

Appears in 4 contracts

Samples: Executive Employment Agreement (Horizon Therapeutics Public LTD Co), Executive Employment Agreement (Horizon Therapeutics Public LTD Co), Executive Employment Agreement (Horizon Therapeutics Public LTD Co)

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