Common use of Annual Long Term Incentive Program Clause in Contracts

Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company's long term incentive program under the Plan, with a target equal to 425% of base salary, commencing with the 2015 fiscal year. The Executive shall participate in the 2015-2017 Long Term Incentive Program under the Plan on a basis commensurate with other senior executives of the Company, provided that any incentive actually earned shall be paid on a pro-rated basis in respect of the period during the 2015-2017 performance cycle beginning on the Effective Date.

Appears in 1 contract

Samples: Executive Employment Agreement (Dana Holding Corp)

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Annual Long Term Incentive Program. Executive shall be eligible for an annual awards award in 2015 pursuant to the Company's ’s long term incentive program under the Plan, Plan with a target equal to 425% of base salary, commencing with the 2015 fiscal year. The Executive shall participate in the 2015-2017 Long Term Incentive Program under the Plan on a basis commensurate with other senior executives of the Company, provided that any incentive actually earned Any such award shall be paid on a pro-rated basis in respect subject to the provisions of the period during the 2015-2017 performance cycle beginning on the Effective DateSections 6.4 and 6.5 below.

Appears in 1 contract

Samples: Executive Employment Agreement (Dana Holding Corp)

Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company's ’s long term incentive program under the Plan, with a target equal to 425400% of base salary, commencing with the 2015 2011 fiscal year. The Executive shall will participate in the 2015-2017 2011 Long Term Incentive Program under on the Plan on a same basis commensurate with as other senior executives of the Company, provided that any incentive actually earned shall be paid on a pro(non-rated basis in respect of the period during the 2015-2017 performance cycle beginning on the Effective Dateprorated).

Appears in 1 contract

Samples: Executive Employment Agreement (Dana Holding Corp)

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Annual Long Term Incentive Program. Executive shall be eligible for annual awards pursuant to the Company's long term incentive program under the Plan, with a target equal to 425% of base salary, commencing with awards granted to senior executives in fiscal 2010, as determined in the 2015 fiscal yearsole discretion of the Compensation Committee of the Board or the Board. The Executive shall participate in the 2015-2017 Long Term Incentive Program under the Plan on Company’s intent is to provide a basis commensurate with other senior executives of the Company, provided long term incentive program that any incentive actually earned shall be paid on a pro-rated basis in respect of the period during the 2015-2017 performance cycle beginning on the Effective Dateis market competitive for comparable industry positions.

Appears in 1 contract

Samples: Executive Employment Agreement (Dana Holding Corp)

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