Future Long-Term Incentives. With respect to the fiscal year commencing June 30, 2012 and each subsequent fiscal year during the Employment Term, the Executive shall be considered for additional long-term incentive awards. Any such award (and the terms thereof) shall be determined by the Board (or the Committee) in its sole discretion; provided, however, that any future grants to Executive shall be on terms no less favorable than those that apply to the other senior executives generally; and provided, further, that for long-term incentive awards made during each of the Company’s 2013 and 2014 fiscal years, the aggregate target value of such awards shall be at least 375% of the Base Salary at the start of the relevant performance or vesting period.
Future Long-Term Incentives. Beginning in 2004 and in each calendar year during the Period of Employment thereafter, the Executive will be eligible for a long-term incentive award in such form, in such amounts and subject to such terms and conditions as determined by the Committee in its sole discretion; provided, however, that the terms and conditions of each such award will be no less favorable to the Executive than those long-term incentive awards granted in such fiscal year to the CEO Direct Reports (excluding terms and conditions set forth exclusively in a Relevant Contract). It is anticipated that such long-term awards will take the form of restricted stock units (“RSUs”) with a targeted grant date value of $1.5 million; however, the actual value will remain subject to the discretion of the Committee, which may take into account any appropriate considerations in making such determination, including without limitation the performance of the Company and/or the Executive.
Future Long-Term Incentives. Beginning in 2009 and in each calendar year during the Employment Term thereafter, Executive shall be eligible to receive a long-term incentive award commensurate with Executive’s position as the Chief Executive Officer of the Company, in such amount and form, and subject to such terms and conditions, as may be determined by the Committee in its sole discretion.
Future Long-Term Incentives. Beginning in 2007 and in each calendar year during the period of Employment thereafter, the Executive will be eligible to receive a long-term incentive award with a grant date value equal to $3 million (“Annual Grant”), in such form and subject to such terms and conditions as determined by the Compensation Committee of the Board (the “Committee”) in its sole discretion. The terms and conditions applicable to the Executive may reasonably differ from those applicable to other senior executives of the Company and its subsidiaries (based on differences in responsibility levels, business unit goals or reasonable performance expectations) but shall, in the aggregate, present an opportunity for achieving the targeted award payments reasonably comparable to the opportunity presented for other senior executives.
