Long-Term Compensation. Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.
Long-Term Compensation. For each fiscal year or portion thereof during the Employment Term, Executive shall be eligible to participate in any long-term incentive compensation plan generally made available to senior executives of the Company at a level commensurate with his position in accordance with and subject to the terms of such plan.
Long-Term Compensation. Except as expressly provided in Section 7 below, in the event of the Executive’s Separation from Service for any reason, all outstanding awards granted under any LTIP shall continue to be governed by the terms set forth in such LTIP.
Long-Term Compensation. The Executive shall be eligible to participate in all of the Company's long-term cash and equity award and equity-based grant programs applicable to, and on a basis no less favorable than, other senior executive officers of the Company, in accordance with the terms and conditions of such plans.
Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by the Company from time to time for senior executive officers. Executive’s target annual equity award opportunity shall be determined by the Compensation Committee of the Company Board and shall be no less favorable than the target equity award opportunity available to other similarly situated senior executives of Sterling generally, with the actual award to be determined by the Compensation Committee of the Company Board on a basis not less favorable to Executive than to other similarly situated senior executives of Sterling generally.
Long-Term Compensation. During the Employment Period, Executive shall be eligible to participate in any equity and/or other long-term compensation programs established by Provident from time to time for senior executive officers on a basis consistent with Executive's status as an Executive Vice President of the Company and the Bank.
Long-Term Compensation. Under the Prior Employment Agreement, the Executive received a grant of a profits interest award of no less than one-half of one percent ( 1/2 of 1%) of the equity of Stripes Holdings entitling him/her to share in the appreciation (from the date of grant) of the equity value of Stripes Holdings. In connection with the IPO Transaction, (i) Executive’s profits interest in Stripes Holdings has been converted into restricted shares of common stock of the Company and (ii) Executive has received certain stock options to purchase shares of the common stock of the Company. The terms of the Executive’s restricted stock (i.e., vesting) are substantially the same as the terms and conditions applicable to the profits interest award and are set forth in a grant agreement mutually acceptable to the Company and the Executive. The stock options have been granted on terms and conditions set forth in the Company 2006 Equity Incentive Plan and an award agreement (which agreement includes a reference to this Section 5(e)).
Long-Term Compensation. Executive is currently participating in a long-term incentive plan, and would be eligible to participate in additional plans as applicable.
Long-Term Compensation. Pending the Board of Director's approval, the ---------------------- Executive may be entitled to participate in a long-term compensation program to be implemented at a later date.
Long-Term Compensation. During the Employment Term, Executive shall be eligible to receive equity-based compensation to be awarded in the sole discretion of the Committee, which may be subject to the achievement of certain performance targets set by the Committee. Beginning with grants made in 2018, Executive shall be eligible to receive equity-based compensation with a targeted grant date Fair Market Value (as defined in Endo’s Amended and Restated 2015 Stock Incentive Plan or any successor plan thereto) equal to 300% of Executive’s Base Salary for such fiscal year, subject to any increase in the Committee’s sole discretion. All such equity-based awards shall be subject to the terms and conditions set forth in the applicable plan and award agreements, and in all cases shall be as determined by the Committee; provided, that, such terms and conditions shall be no less favorable than those provided for other senior executives of the Company. If the parties (following good faith negotiation) fail to enter into a new employment agreement following expiration of the Employment Term and Executive terminates his employment within ninety (90) days following expiration of the Employment Term under circumstances that would have constituted Good Reason had such termination occurred during the Employment Term or if, during such 90-day period, the Company terminates Executive’s employment under circumstances that would not have constituted Cause had such termination occurred during the Employment Term, then such termination of employment shall be treated as a termination of employment for “Good Reason” or without Cause, as applicable, for purposes of the performance-based restricted stock units held by Executive as of the date of such termination of employment (and such awards shall be treated in accordance with the terms of the applicable award agreements).
