Incentive Compensation (Equity). (i) Ultra agrees to pay, and Executive shall be eligible to receive, incentive compensation payable in common shares or other equity interests in Ultra Petroleum Corp. (any such compensation, an “Equity Incentive”) pursuant to long-term incentive programs for Ultra established by the Compensation Committee (each such program, an “LTIP”). Each LTIP is expected to be for a three-year performance period and is expected to establish reasonable performance targets and goals that reflect and take into account Ultra’s longer-term corporate objectives.
Appears in 6 contracts
Samples: Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp), Employment Agreement (Ultra Petroleum Corp)
