Bonus and Long-Term Incentive Plans Sample Clauses

Bonus and Long-Term Incentive Plans. (a) Unisource shall establish such bonus plans as it deems appropriate for Active Unisource Employees for periods beginning on and after October 1, 1996. (b) Unisource shall establish a long-term incentive plan (the "Unisource LTIP") for eligible Active Unisource Employees, and Unisource shall assume liability for all amounts payable under Alco's Long-Term Incentive Compensation Plan ("the Alco LTIP") to Active Unisource Employees with respect to periods ending on or after October 1, 1996. The outstanding Alco LTIP awards for Active Unisource Employees shall be paid under the Unisource LTIP. The outstanding Alco LTIP awards for Active Unisource Employees for the 1995-97 plan period shall be paid in the form of Unisource Common Stock. Unisource shall make such adjustments to the financial goals, targets, payments and forms of payment as Unisource deems appropriate to take into account the Distribution. (c) Alco shall remain responsible for any amounts payable under Alco bonus plans or the Alco LTIP with respect to periods ending before October 1, 1996.
Sample 1
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Related to Bonus and Long-Term Incentive Plans

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

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