Initial Long-Term Incentive Awards Sample Clauses

Initial Long-Term Incentive Awards. (a) On the date of this Agreement, pursuant to the 1992 Plan, the Company shall (i) grant Executive an immediately exercisable non-qualified option to purchase 5,000 shares of Common Stock at an exercise price equal to the Market Value (as hereinafter defined) on the date of this Agreement and (ii) make a full recourse, five-year loan to Executive in an amount equal to the aggregate exercise price for such stock option (the "STOCK LOAN"). The Stock Loan shall be made pursuant to a loan agreement between Company and
Sample 1
AutoNDA by SimpleDocs
Initial Long-Term Incentive Awards. (a) On the Effective Date of this Agreement and subject to Executive commencing work, pursuant to the 1999 BRE Stock Incentive Plan, the Company shall grant Executive an incentive stock option to purchase 50,000 shares of the Company's Common Stock ("Common Stock") at an exercise price equal to the Market Value on the date of this Agreement which shall vest in equal annual 10,000 share installments over five years (the "Options") and the Options shall be evidenced by a stock option agreement containing the terms and provisions of such Options (including, without limitation, term and termination provisions) together with such other terms and conditions as the Company may reasonable require to assure compliance with applicable law and stock exchange requirements.
Sample 1
Initial Long-Term Incentive Awards. In connection with the Executive’s commencement of employment, the Executive will be granted on the date of this Agreement three special one-time equity awards (the “Initial Awards”). The Initial Awards will have the terms and conditions set forth in this Agreement and such other terms and conditions as are set forth in the applicable award agreements attached hereto.
Sample 1
Initial Long-Term Incentive Awards. (a) On the date of this Agreement, pursuant to the 1992 Plan, the Company shall (i) grant Executive an immediately exercisable non-qualified option to purchase 20,000 shares of Common Stock at an exercise price equal to the Market Value on the date of this Agreement and (ii) make a full recourse, five-year loan to Executive in an amount equal to the aggregate exercise price for such stock option (the "LOAN"). The Loan shall be made pursuant to a loan agreement between Company and Executive in the form of EXHIBIT A to this Agreement (the "LOAN AGREEMENT"), under which the shares so acquired (and any securities resulting from ownership of such shares) shall be pledged by Executive to the Company as collateral for amounts payable under the Loan Agreement.
Sample 1
Initial Long-Term Incentive Awards 
Sample 1

Related to Initial 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 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 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 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 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 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 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.

Time is Money Join Law Insider Premium to draft better contracts faster.