Future Long Term Incentive Awards Sample Clauses

Future Long Term Incentive Awards. Beginning with the year --------------------------------- commencing on January 1, 2002, and continuing with each subsequent fiscal year during the Term, Executive shall be eligible to receive additional long-term incentive awards at the discretion of the Board. It is contemplated that such awards will take into account financial, operating, and other results achieved during the preceding fiscal year as well as future long-term performance goals. Such awards may be in the form of options, restricted shares, SARs, stock sales, stock grants, forgivable loans, long-term bonus arrangements in the form of Exhibit B (the "Bonus Arrangement"), or any other form of long-term compensation, as determined by the Board.
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Future Long Term Incentive Awards. Section 3.4 entitled "Future --------------------------------- Long-Term Incentive Awards" is deleted in its entirety and replaced with the following:
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Future Long Term Incentive Awards. Beginning with the year --------------------------------- commencing on January 1, 2001, and continuing with each subsequent fiscal year during the Term, Executive shall be eligible to receive additional long-term incentive awards at the discretion of the Board. It is contemplated that such awards will take into account financial, operating, and other results achieved during the preceding fiscal year as well as future long-term performance goals. Such awards may be in the form of options, restricted shares, SARs, stock sales, stock grants, forgivable loans, or any other form of long-term compensation, as determined by the Board. However, regardless of form, it is contemplated that the annual awards to Executive will provide Executive with the opportunity to receive, assuming achievement of all applicable performance goals, the financial equivalent of (i) a forgivable performance-based five-year loan to purchase 6,000 shares of Common Stock (with interest payable quarterly), and (ii) options to purchase 25,000 shares of Common Stock at Market Value on the date of award.
Sample 1
Future Long Term Incentive Awards. Subject to the Company approving a long-term incentive (“LTI”) program for each year, the Executive will be eligible for LTI award grants under the Albemarle Long Term Incentive Plan (“LTIP”) for each of 2021, 2022 and 2023 which grants are normally made sometime during the first quarter of each year. Subject to any changes the Company determines to make to the LTI program for each year, the LTI grants are expected to consist of a combination of Performance Share Units (“PSUs”) which shall make up 50% of the Executive’s total LTI grant for a year, RSUs which shall make up 25% of the total LTI grant, and stock options which shall make up the remaining 25% of the total LTI grant. Subject to any changes the Company determines to make to the LTI program each year, the PSUs are expected to be granted as two awards as follows-- one-half of the PSU award will be based on the Company’s total shareholder return measured against the Company’s peer group over the measurement period, and the other half of the PSU award will be based on the Company’s return on invested capital (“ROIC”) measured against target ROIC performance levels set by the Company for the measurement period. Except as provided in the following sentence regarding vesting of the Executive’s award grants made under this paragraph (f), the standard provisions governing all LTI award grants made by the Company shall apply to the Executive’s future LTI award grants, including but not limited to, provisions on exercisability of stock options, payment of RSUs, and earning and payment of PSUs. With regard to the vesting of the Executive’s LTI award grants, provided the Executive remains employed by the Company through December 31, 2023, he will become fully vested in his LTI grants made pursuant to this paragraph (f) on that date. Notwithstanding the preceding sentence, however, to the extent the Company appoints a new CEO for the Company prior to December 31, 2023, other than in connection with termination of the Executive’s employment for Cause (as defined in Section 6(i) below), the Executive’s outstanding LTI award grants made pursuant to this paragraph (f) shall vest as of the date of such appointment; provided, however, the accelerated vesting of the Executive’s LTI award grants pursuant to this sentence shall not change the exercisability, earning or payment dates of the Executive’s award grants, which shall remain as set forth in the applicable award agreement. The specific terms of the LTI award gr...
Sample 1
Future Long Term Incentive Awards. Beginning with the year commencing on January 1, 2003, and continuing w ith each subsequent fiscal year during the Term, Executive shall be eligible to receive additional long-term incentive awards at the discretion of the Board. It is contemplated that such awards will take into account financial, operating, and other results achieved during the preceding fiscal year as well as future long-term performance goals. Such awards may be in the form of options, restricted shares, SARs, stock sales, stock grants, forgivable loans, long-term bonus arrangements, or any other form of long-term compensation, as determined by the Board. However, regardless of form, it is contemplated that the annual awards to Executive will provide Executive with the opportunity to receive, assuming achievement of all applicable performance goals, the financial equivalent of (i) a forgivable performance-based five-year loan to purchase 10,000 shares of Common Stock (with interest payable quarterly), and (ii) options to purchase 75,000 shares of Common Stock at Market Value on the date of award; provided, however, that with respect to the award for both stock options and the forgiveable performance based stock loan anticipated to be granted on or about January 31, 2003, any such award shall be prorated to reflect Executive’s partial year of service in 2002.
Sample 1
Future Long Term Incentive Awards. Beginning with the fiscal year commencing on August 1, 1996, and continuing with each subsequent fiscal year during the Term, Executive shall be entitled to receive additional long- term incentive awards under a Management Incentive Compensation Plan ("MICP") to be approved by the Board. It is contemplated that awards under the MICP will take into account financial, operating, and other results achieved during the preceding fiscal year as well as future long-term performance goals. Such awards may be in the form of options, restricted shares, SARs, stock sales, stock grants, forgivable loans, or any other form of long-term compensation, as determined by the Board. However, regardless of form, it is contemplated that the annual awards to Executive under the MICP will provide Executive with the opportunity to receive, assuming achievement of all applicable performance goals, the financial equivalent of (i) a forgivable performance- based five-year loan to purchase 5,000 shares of Common Stock (with interest payable quarterly), and (ii) performance options to purchase 25,000 shares of Common Stock at Market Value on the date of award.
Sample 1
Future Long Term Incentive Awards. The following is hereby added as --------------------------------- Section 3.4 of the Agreement:
Sample 1
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Related to Future Long Term Incentive Awards

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

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