Common use of Equity Awards after the Effective Date Clause in Contracts

Equity Awards after the Effective Date. During the Employment Period on and after the Effective Date, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s other senior executives, as determined by the Compensation Committee in its discretion.

Appears in 4 contracts

Samples: Executive Employment Agreement (Vaalco Energy Inc /De/), Executive Employment Agreement (Vaalco Energy Inc /De/), Executive Employment Agreement (Vaalco Energy Inc /De/)

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Equity Awards after the Effective Date. During the Employment Period on and after the Effective DatePeriod, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s other senior executives, as determined by the Compensation Committee in its discretion.

Appears in 2 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Vaalco Energy Inc /De/)

Equity Awards after the Effective Date. During the Employment Period on and after the Effective Date, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than as part of the process and approach used for the Company’s 's other senior executives, as determined by the Compensation Committee in its discretion. The annual long-term incentive award shall be up to 75% of Executive's Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaalco Energy Inc /De/)

Equity Awards after the Effective Date. During the Employment Period on and after the Effective Datehis employment hereunder, the Executive shall be eligible for stock options or other incentive equity awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s other senior executives, as determined by the Compensation Committee in its discretionCommittee.

Appears in 1 contract

Samples: Employment Agreement (Anadarko Petroleum Corp)

Equity Awards after the Effective Date. During the Employment Period on and after the Effective Date, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s 's other senior executives, as determined by the Compensation Committee in its discretion. The annual long-term incentive award shall be up to fifty percent (50%) of Executive's Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaalco Energy Inc /De/)

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Equity Awards after the Effective Date. During the Employment Period on and after the Effective Date, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s other senior executives, as determined by the Compensation Committee in its discretion. The annual long-term incentive award shall be up to fifty percent (50%) of Executive’s Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaalco Energy Inc /De/)

Equity Awards after the Effective Date. During the Employment Period on and after the Effective Date, the Executive shall be eligible for stock options or other incentive awards in accordance with normal competitive pay practices, on a basis no less favorable than the process and approach used for the Company’s other senior executives, as determined by the Compensation Committee in its discretion. The annual long-term incentive award shall be up to seventy-five percent (75%) of Executive’s Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Vaalco Energy Inc /De/)

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