Equity Based Incentive Compensation. The Executive shall be entitled to participate in any program established by the Company for its management or key personnel. It is understood and agreed that the Company may amend, suspend, and terminate all such programs from time to time in its discretion. The Company acknowledges that it or the Parent intends to implement an equity-based incentive plan upon completion of the Initial Public Offering, and that Executive will be eligible to participate in and, as determined by the Board, receive equity-based incentives under such plan.
Equity Based Incentive Compensation. (a) On the Effective Date, and pursuant to the terms of The GSS Long Term Incentive Plan, if any (the “LTIP”), GSS shall xxxxx Xxxxxxx a 10-year option with respect to 10,200,000 shares of GSS common stock. One-fifth (1/5) of these options shall vest each year for five years, on the first five anniversaries of the Effective Date (e.g., the first 2,040,000 options will vest on July 1, 2010, and the last 2,040,000 options will vest on July 1, 2014). In accordance with the terms of the LTIP, the per share exercise price for these options will be equal to the fair market value of a share of GSS common stock on the Effective Date, as determined in good faith by the Board of Directors.
Equity Based Incentive Compensation. (a) The Company currently has in place an incentive stock option plan pursuant to the provisions of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") (hereinafter, the "Option Plan"). The Company agrees that Tietx, xx the Chief Executive Officer of the Company, shall participate in the Option Plan, at the time or times and consistent with the terms and vesting rules generally applicable to other senior executives of the Company under the Option Plan.
Equity Based Incentive Compensation. Executive shall be eligible to receive future equity awards pursuant to the Amended and Restated Electronic Data Systems Corporation Incentive Plan (and all successor and/or similar plans) consistent with his performance, competitive pay practices generally and with other equity award programs generally made available to other senior executives of EDS.
Equity Based Incentive Compensation. The Executive shall be eligible to receive periodic grants of equity-based incentive compensation from the Company, in such amounts and on such terms as may be established by the Company at its sole discretion, subject to the terms and conditions of the applicable plan (as may be amended by the Company from time to time) and the terms and conditions of the applicable award agreements.
Equity Based Incentive Compensation. (a) On the Effective Date, and pursuant to the terms of The GSS Long Term Incentive Plan, if any (the “LTIP”), GSS shall grant Ireland a 10-year option with respect to 9,800,000 shares of GSS common stock. One-fifth (1/5) of these options shall vest each year for five years, on the first five anniversaries of the Effective Date (e.g., the first 1,960,000 options will vest on July 1, 2010, and the last 1,960,000 options will vest on July 1, 2014). In accordance with the terms of the LTIP, the per share exercise price for these options will be equal to the fair market value of a share of GSS common stock on the Effective Date, as determined in good faith by the Board of Directors.
Equity Based Incentive Compensation. In the event UGS develops and adopts an equity award program, Executive shall be eligible to participate in such program on the same basis as other UGS executives.
Equity Based Incentive Compensation. The Executive shall be eligible to participate in the TCO Group Holdings, L.P. Management Incentive Plan (the “MIP”) and, subject to approval by the board of directors of TCO Group Holdings, L.P. (the “Partnership”), shall be awarded 650,000 Class B Units of the Partnership (the “Class B Units”), which will be subject to the terms and conditions of the LP Agreement (as defined in the MIP), the MIP and award agreement, which will provide that the Class B Units will vest to as to 50% based on satisfaction of time-vesting requirements and 50% as to satisfaction of performance-vesting requirements. 5.
Equity Based Incentive Compensation. (a) Executive has been granted options (the "Executive Options") to acquire one hundred fifty thousand (150,000) shares of Class A Common Stock of Employer at an exercise price per share equal to $40.00 (subject to adjustment for stock splits and stock dividends) pursuant to Employer's 1997 Equity Incentive Plan (the "Plan"). Executive Options for 25,000 shares were forfeited on February 28, 1999, for failure to meet relevant Broadcast Cash Flow targets.
Equity Based Incentive Compensation. (a) Executive is to receive as of the Effective Date, a grant of a ten-year option to purchase 100,000 shares of the Corporation which shall vest on the date which is six months after the Effective Date; and, an additional option for 100,000 shares which shall be made on January 5, 1999 and which shall vest on the first anniversary of the Effective Date. The exercise price for the shares will be $2.00 per share.
