Long-Term Cash Incentive Awards. During each Fiscal Year during the Term, the Executive shall be granted the opportunity to earn a long-term cash incentive award pursuant to the Columbia Bank Long Term Incentive Plan or any successor plan thereto (the “LTI Plan”), as the terms of the LTI Plan may be revised from time to time with a target amount determined annually based on a review of market data for similarly situated executives and subject to a minimum target equal to at least 30% of Base Salary as in effect at the beginning of the applicable Fiscal Year; provided, however, that if the Company adopts a shareholder-approved long-term equity incentive equity plan (“Equity Plan”), the Bank may discontinue granting long-term cash incentive awards to the Executive beginning with the Fiscal Year in which the Company first grants an award to the Executive under the Equity Plan. The Executive agrees and acknowledges that the actual value of any performance-based long-term cash incentive award will be based upon performance in relation to the performance goals used for the award.
Long-Term Cash Incentive Awards. Outdoor Americas shall be responsible for determining all amounts payable pursuant to the long-term cash incentive plans of CBS to Outdoor Americas Employees and Former Outdoor Americas Employees that become payable following the IPO Closing Time. Outdoor Americas shall also determine for Outdoor Americas Employees and Former Outdoor Americas Employees (i) the extent to which established performance criteria have been met, and (ii) the payment level for each Outdoor Americas Employee or Former Outdoor Americas Employee. Outdoor Americas shall assume all liabilities with respect to any such bonus awards payable to Outdoor Americas Employees and Former Outdoor Americas Employees for the year in which the IPO Closing Time occurs and thereafter.
Long-Term Cash Incentive Awards. (a) Conversion to Restricted Stock Awards for 2009-2011 and 2010-2012 Performance Periods. Questar maintains the Questar Corporation Long-Term Cash Incentive
Long-Term Cash Incentive Awards. The outstanding long-term cash incentive awards that you hold as set forth on Schedule A will remain outstanding and you will be eligible to vest in such awards at the end of the applicable performance periods based upon actual Company performance as determined by the Compensation Committee of the Board (for the avoidance of doubt, determined in the same manner as in respect of the actively employed senior management team), with settlement of such awards in cash at the time specified in the applicable plan document and otherwise in accordance with the Company long-term incentive plan and the award agreements thereunder.
Long-Term Cash Incentive Awards. Subject to the provisions set forth in Section 3.2 above, the Executive shall continue to be eligible to receive his long term cash incentive payments based on yearly installments of $222,272 pursuant to the Company’s 2009 Long Term Incentive Plan (the program covering 2006-2008, inclusive) and the Company’s 2010 Long Term Incentive Plan (the program covering 2007-2009, inclusive) to the extent such installments are earned and payable under the terms of the applicable Long Term Incentive Plan, with such payments made to the Executive at the time such bonus payments are made to eligible employees generally even if the Executive is not an employee of the Company at the time of such payment (provided the Executive has not been terminated by the Company for Cause (as defined below) prior to the respective payment dates), but with no installments for 2009 and installments for 2008 pro-rated for the period of the Executive’s service through the Retirement Date. For the avoidance of doubt, the Executive shall not be eligible to receive any payment with respect to the Company’s 2011 Long Term Incentive Plan, if any (the program covering 2008-2010, inclusive).
