Annual LTI Awards. Beginning in 2024, the Executive will be eligible to be granted annual long-term incentive awards in the form of performance share units with a target grant date value of $9,000,000, which awards shall be determined by the Human Capital and Compensation Committee of the Board on the same basis as, and have the terms and conditions no less favorable to, the Executive than the terms applicable to such annual awards made to similarly-situated executives, except for the share ownership guidelines and equity award holding requirements as provided in this Agreement.
Annual LTI Awards. Notwithstanding anything to the contrary herein or in any other agreement between you and the Company, no annual long-term incentive (“LTI”) awards shall be granted to you following the date on which either you or the Company provides notice of the termination of your employment with the Company for any reason.
Annual LTI Awards. During the Employment Period, beginning in 2022 and annually thereafter, Executive shall be eligible to participate in the Equity Plan and any other long term incentive plan, program and/or arrangements applicable to senior-level executives as established and modified from time to time by the Compensation Committee of the Board, within its sole discretion. So long as Executive continues to be employed with the Company as of the applicable grant dates, Executive will be awarded long-term compensation awards under the Equity Plan and/or such other plans, programs or arrangements (each an “LTI Award”) having a grant date value of not less than 250% of his then current Base Salary (the “Annual LTI Amount”). The Annual LTI Amount shall be granted in the form of stock options, restricted stock units, performance shares or other forms of equity or long-term incentive as determined by the Compensation Committee of the Board and on terms to be specified by the Compensation Committee of the Board in its discretion.
