Deferred Equity Incentive Sample Clauses

Deferred Equity Incentive. In consideration of the valuable services performed by Executive in the past, and those to be performed by Executive hereafter, Employer desires to provide Executive with an additional share in the value of Employer, in some ways similar to ownership of its voting common stock. To accomplish this purpose, Employer intends to award to Executive certain equity incentive compensation units (“Units”) that would: (1) have a current value related to the net value of the voting common stock of Employer; (2) increase or decrease with any future changes in the value of that stock and (3) be payable in cash only upon certain events as described below.