Common use of Future Equity Awards Clause in Contracts

Future Equity Awards. Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 2018, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers of the Company. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 2 contracts

Samples: Executive Employment Agreement (Progress Software Corp /Ma), Executive Employment Agreement (Progress Software Corp /Ma)

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Future Equity Awards. Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 20182013, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers of the Company. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers senior executives of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

Future Equity Awards. Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 2018, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers Compensation Committee of the CompanyBoard of Directors. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

Future Equity Awards. Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 20182014, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers of the Company. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers senior executives of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

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Future Equity Awards. Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 20182014, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers of the Company. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers senior executives of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 1 contract

Samples: Executive Employment Agreement (Progress Software Corp /Ma)

Future Equity Awards. The Executive shall be eligible for additional future equity awards as customarily granted to executive officers beginning in fiscal year 20182014, determined in the sole discretion of the Committee; provided, however, that Executive shall be eligible for additional awards under the LTIP in fiscal year 2017 if such additional awards are granted to other executive officers of the Company. Such other awards if any will be granted at the same time as annual awards are granted to other executive officers senior executives of the Company, but in no event later than the first meeting of the Board of Directors that follows the annual shareholder meeting each year.

Appears in 1 contract

Samples: Executive Employment Agreement (Digital River Inc /De)

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