Common use of Incentive Compensation Awards Clause in Contracts

Incentive Compensation Awards. The Executive shall be eligible to participate in equity-based compensation plans, including option plans, restricted or phantom membership interest plans and other equity incentive plans as shall be determined by the Board from time to time during the Employment Term. It is acknowledged that on the Effective Date the Executive shall have the option to purchase Class A Common Units on the same terms and at the same price as the Buyers and Xxxxxxx X. Xxxxxxx and to receive awards of Class B Common Units.

Incentive Compensation Awards. The Executive shall be eligible as of the Effective Date to participate in equity-based compensation plans, including option plans, restricted or phantom membership interest plans and other equity incentive plans as shall be determined by the Board from time to time during the Employment Term. It is acknowledged that on the Effective Date the Executive shall have the option to purchase Class A Common Units on the same terms and at the same price as the Buyers and Xxxxxxx X. Xxxxxxx and to receive awards of Class B Common Units.Units pursuant to a Restricted Unit Agreement in the form attached hereto as Exhibit A.

Incentive Compensation Awards. The Executive shall be eligible to participate in equity-based compensation plans, including option plans, restricted or phantom membership interest plans and other equity incentive plans as shall be determined by the Board from time to time during the Employment Term. Tenn. It is acknowledged that on the Effective Date the Executive shall have the option to purchase Class A Common Units on the same terms and at the same price as the Buyers and Xxxxxxx X. Xxxxxxx and to receive awards of Class B Common Units.