Common use of Long Term Compensation Plan Clause in Contracts

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.

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 2013 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-rated1,500,000, 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.

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 2013 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-rated300,000, 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.

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 2013 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-rated750,000, 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.

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 2013 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-rated600,000, 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.

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 2013 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.

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 2013 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-rated1,000,000, 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.