Long Term Compensation Plan Sample Clauses

Long Term Compensation Plan. Executive shall be entitled to participate in a long-term compensation plan which will be multi-year performance based over a number of years starting with the first contract year. It is the intention of the Employer to pay the Executive on an incentive basis to be determined by the Compensation Committee of the Board of Directors under a performance based plan after a number of years stipulated by the Board of Directors.
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Long Term Compensation Plan. During the Period of Employment, the Executive shall be eligible to participate in the Company’s Long-Term Compensation Program (as it may be amended from time to time, the “Program”) on terms and conditions no less favorable than those provided generally to the other similarly situated officers of the Company, for so long as the same may be in effect. For the cycle beginning in the 2014 fiscal year, the Executive’s level of participation in the Program shall be a target payout of approximately three-hundred thousand dollars ($500,000), pro-rated, pursuant to the terms and conditions of the Program. Any awards earned pursuant to the Program shall be subject to the terms and conditions of the Program. The Company reserves the right to change or eliminate the Program at any time, without prior notice to or the consent of the Executive.
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Long Term Compensation Plan. The Board is considering a plan to provide for long term equity incentive compensation for employees, directors and consultants to the Company. The plan is subject to final Board and shareholder approval. Employee will be eligible to participate if and when such a plan becomes effective.
Sample 1
Long Term Compensation Plan. 5.1 Subject to the approval of the Board of Directors, Executive shall be granted, within 60 days from the commencement of her employment, a grant of 50,000 Units in the Long-term Compensation Plan of TouchTunes Music Corporation ("the Plan").
Sample 1
Long Term Compensation Plan. (s). Executive shall be eligible to participate in the Company's Long Term Compensation Plan(s), as established by the Board or its Compensation Committee, and as modified from time to time. In addition, immediately upon establishment of an equity compensation plan, Executive shall receive (i) an initial grant of 90,000 restricted shares of the Company's common stock, with all restrictions lapsing in one-third increments on each of July 31, 2006, 2007, 2008, and (ii) an initial stock option grant of 300,000 shares, with a price equal to the fair market value of the shares on the date of grant, vesting as to 100,000 of such shares on each of July 31, 2008, 2009 and 2010. All awards are subject to the terms of the Company's Plans, and their administrative regulations as these may be amended from time to time, including a requirement that Executive be employed by the Company on each vesting date except as otherwise provided below. If such a plan is not established by any vesting date specified above, or as otherwise set forth in this Agreement, Executive shall be entitled to receive an alternative cash award within 15 days of any such vesting date in an amount equal to the then value of each share that would have then vested, plus the intrinsic value of each option (i.,e. the then fair market value of a share less the fair market value of a share on the date of execution of this Agreement, the result then multiplied by the number of options that would have then vested).
Sample 1
Long Term Compensation Plan. Employee shall be eligible to participate in the Company's Long-Term Compensation Plan ("LTCP"), as it may be amended from time to time in the Company's sole discretion. Employee's initial target level shall be 80% of Base Salary, subject to the vesting, payment and other provisions of the LTCP.
Sample 1
Long Term Compensation Plan. Employee shall be eligible to participate in the Company’s Long Term Compensation Program as it may be amended from time to time for so long as the same may be in effect (“Program”). Employee’s eligibility for an LTIP cash bonus and Restricted Stock Unit award under the Program shall be 80% of Base Salary effective upon the next applicable cash and Restricted Stock Unit cycles.
Sample 1
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Long Term Compensation Plan. Employee shall be eligible to participate in the Company’s Long Term Compensation Program as it may be amended from time to time for so long as the same may be in effect (“Program”). Employee’s level of participation in the Program shall be 80% of annual base salary effective for the cycles starting as of 2012, pursuant to the terms and conditions of the Program. In the event of termination, as described below in Section 9 and its subparts, Employee’s eligibility for payments or awards will be governed by the terms and conditions of the Program.
Sample 1

Related to Long Term Compensation Plan

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • 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 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.

  • 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 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.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • 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.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • 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).

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