Common use of Award Plans Clause in Contracts

Award Plans. During the Term, the Executive shall also be eligible for additional compensation in the form of a cash bonus, shares of stock in the Company, Partnership Units, Restricted Stock or Options, and shall be eligible to participate in the Company's 1993 Omnibus Stock Plan, 1995 Employee Stock Purchase and Loan Plan, 1996 Officers' Stock Option Loan Program, Shareholder Value Plan, and any other stock option, incentive compensation, profit participation, bonus or extra compensation plan that is adopted by the Company and in which the Company's executive officers generally participate (collectively, "Award Plans"), but payments and/or awards are not "entitlements" and shall be paid or made consistent with the terms of such Award Plans. For example, if the Company's bonus plan provides that a bonus is only payable if certain objectives are met, Executive shall only be paid such bonus if the objectives are met.