Common use of Executive Incentive Plan Clause in Contracts

Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less than $300,000 in cash in exchange for shares of the Company's parent's common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying $300,000 from the sign-on bonus (as specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's parent and the stockholders of the Company's parent.

Appears in 1 contract

Samples: Employment Agreement (Spirit AeroSystems Holdings, Inc.)

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Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less than $300,000 200,000 in cash in exchange for shares of the Company's parent's common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying $300,000 200,000 from the signSign-on bonus on-Bonus (as specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's parent and the stockholders of the Company's parent.

Appears in 1 contract

Samples: Employment Agreement (Spirit AeroSystems Holdings, Inc.)

Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less than $300,000 200,000 in cash in exchange for shares of the Company's ’s parent's ’s common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's ’s Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying $300,000 200,000 from the sign-on bonus (as payments specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's ’s parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's ’s parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's ’s parent and the stockholders of the Company's ’s parent.

Appears in 1 contract

Samples: Employment Agreement (Spirit AeroSystems Holdings, Inc.)

Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less more than $300,000 50,000 in cash in exchange for shares of the Company's ’s parent's ’s common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's ’s Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying not more than $300,000 50,000 from the signSign-on bonus on-Bonus (as specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's ’s parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's ’s parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's ’s parent and the stockholders of the Company's ’s parent.

Appears in 1 contract

Samples: Employment Agreement (Spirit AeroSystems Holdings, Inc.)

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Executive Incentive Plan. Upon entering into this Agreement, Employee shall invest not less than $300,000 200,000 in cash in exchange for shares of the Company's parent's common stock, which investment will be matched by the Company on a 4 to 1 basis by a grant of restricted shares, subject to and in accordance with the terms and conditions of the Company's Executive Incentive Plan ("EIP"). Such investment shall be made by the Company applying $300,000 200,000 from the sign-on bonus (as payments specified in Section 4(b) below). In connection with the foregoing and as a condition to the purchase of such shares, Employee agrees to execute such documents and take such other action as may reasonably be required by Company or the Company's parent, including, but not limited to, executing a subscription agreement in a form satisfactory to the Company's parent and executing a counterpart to the Investor Stockholders Agreement, dated as of June 16, 2005, by and between the Company's parent and the stockholders of the Company's parent.

Appears in 1 contract

Samples: Employment Agreement (Spirit AeroSystems Holdings, Inc.)

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