Common use of Cash and Equity Bonus Compensation Clause in Contracts

Cash and Equity Bonus Compensation. The Executive will be eligible to participate in the Company’s annual bonus program (the “Bonus Plan”) for cash bonus compensation. Additionally, the Executive will be eligible to participate in the Company’s 2010 Equity Incentive Plan (the “2010 Equity Incentive Plan”) and any subsequent equity incentive plan approved by the Board (each and any of the foregoing is a “Company Incentive Plan”) for equity bonus compensation (any equity compensation granted to the Executive by the Company, whether under this Agreement, a Company Incentive Plan or otherwise approved by the Board, and whether in the form of restricted stock, stock options, long-term incentive plan units, stock appreciation rights or other equity or equity-linked awards, is, collectively, “Equity Compensation”). The terms of the Bonus Plan, any Company Incentive Plan and the terms of any awards made under any of them will be established by the Compensation Committee; provided, however, at a minimum, Executive is eligible for the bonus compensation and Equity Compensation specified in this Agreement and Attachment “A” attached hereto.

Appears in 10 contracts

Samples: Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.)

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Cash and Equity Bonus Compensation. The Executive will be eligible to participate in the Company’s annual bonus program (the “Bonus Plan”) for cash bonus compensation. Additionally, the Executive will be eligible to participate in the Company’s 2010 Equity Incentive Plan (the “2010 Equity Incentive Plan”) and any subsequent equity incentive plan approved by the Board (each and any of the foregoing is a “Company Incentive Plan”) for equity bonus compensation (any equity compensation granted to the Executive by the Company, whether under this Agreement, a Company Incentive Plan or otherwise approved by the Board, and whether in the form of restricted stock, stock options, long-term incentive plan units, stock appreciation rights or other equity or equity-linked awards, is, collectively, “Equity Compensation”). The terms of the Bonus Plan, any Company Incentive Plan and the terms of any awards made under any of them will be established by the Compensation Committee; provided, however, at a minimum, Executive is eligible for the bonus compensation and Equity Compensation specified in this Agreement and Attachment “A” attached hereto.

Appears in 5 contracts

Samples: Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.), Employment Agreement (Legacy Healthcare Properties Trust Inc.)

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