Long-Term Equity Incentive Awards. If the Company or the Bank adopts an Equity Plan, the Executive shall be granted long-term equity incentive awards (“Equity Awards”) at the same time as Equity Awards are granted to other members of the Company’s and the Bank’s executive leadership teams (the “ELT”) during the Term. The Company Board or Bank Board shall determine the composition and size of the Executive’s Equity Awards granted during the Term in its discretion. The Executive agrees and acknowledges that the actual value of any performance-based Equity Award will be based upon performance in relation to the performance goals used for the award. The terms and conditions of each Equity Award granted to the Executive shall be governed by the terms and conditions of the Equity Plan, as it may be amended or replaced from time to time, and the applicable award agreement evidencing the Equity Award, which shall be consistent with the form of award agreement evidencing the grant of similar Equity Awards to other ELT members as of the applicable grant date.
Long-Term Equity Incentive Awards. If the Company adopts a shareholder-approved long-term equity incentive equity plan (“Equity Plan”), the Executive will be eligible for time-based and performance-based awards under the Equity Plan.
Long-Term Equity Incentive Awards. In fiscal year 2020, at the same time as such awards are granted to other members of the Company’s senior management team, the Company shall grant Executive a long-term equity incentive award(s) under the 2012 Plan and/or the 2018 Plan, as determined by the Compensation Committee in its sole discretion (the “2020 Equity Award”). The 2020 Equity Award will have a target value at grant equal to $3,500,000.00. Long-term equity incentive award(s) granted to Executive with respect to each fiscal year after fiscal year 2020 shall have a target value set by the Compensation Committee in its sole discretion, taking into account Executive’s position and performance with the Company and buybuyBABY. The form, vesting criteria and forfeiture provisions, and other terms and conditions with respect to 2020 Equity Award and any other future long-term equity incentive awards to be granted to Executive will be determined by the Compensation Committee in its sole discretion, and such awards will be subject to the terms and conditions of the 2012 Plan or 2018 Plan, as applicable, and any applicable award agreements thereunder. The determination of the number of shares subject to the 2020 Equity Award based on the value set forth above and any other long-term equity incentive awards granted hereunder, and the timing for such grants, will be made in accordance with the Compensation Committee Procedures for Equity Grants as in effect from time to time.
Long-Term Equity Incentive Awards. The second sentence of Section 2(c) is hereby amended and restated as follows:
Long-Term Equity Incentive Awards. During the Extended Term, Executive shall be entitled to certain equity-based awards as set forth below, subject to Executive's employment with the Company on the applicable grant date. All such awards shall be subject to, and governed by, the Equity Plan and any successor plan (collectively, the "Plan") and individual award agreements.
Long-Term Equity Incentive Awards. If the Company or the Bank adopts an equity plan, the Executive shall be eligible for a long-term equity incentive award (“Equity Awards”). The Committee shall determine the composition and size of the Executive’s Equity Awards granted during the Term, in its discretion. The Executive agrees and acknowledges that the actual value of any performance-based Equity Award will be based upon performance in relation to the performance goals used for the award. The terms and conditions of each Equity Award granted to the Executive shall be governed by the terms and conditions of the equity plan, as it may be amended or replaced from time to time, and the applicable award agreement evidencing the Equity Award.
Long-Term Equity Incentive Awards. During the Employment Term, Executive shall be entitled to certain equity-based awards as set forth below, provided that Executive must be employed with the Company on the applicable grant date. All such awards shall be granted pursuant to the Calpine Corporation 2008 Equity Incentive Plan and any successor plan (collectively, the “Plan”) and individual award agreements.
Long-Term Equity Incentive Awards. Executive will be eligible to participate in the Company’s Long-Term Equity Incentive Program (“LTIP”) beginning in Fiscal 2018. For Fiscal 2018 Executive’s LTIP equity award value will equal or exceed $565,000 (with the value based on the closing price of the Company’s stock on the NYSE on the date of grant), subject however to the 2014 Stock Incentive Plan’s limitation of no more than 600,000 shares being issuable to an individual in a calendar year. Executive acknowledges that the design, operation and structure of the LTIP can change from year-to-year. As a result, the criteria upon which a potential LTIP award is based can vary from year-to-year as well.
Long-Term Equity Incentive Awards. During your term of employment, provided that you remain employed by PublicCo or one of its affiliates on the applicable grant date, you shall receive annual grants of long-term equity incentive awards with a value, as determined in accordance with Section 3.3.3, equal to $1,500,000 annually, in a manner determined by PublicCo’s Board of Directors (or any duly authorized committee thereof) in its sole discretion; provided that the value of the first annual long-term equity incentive award shall be comprised of 60% PublicCo stock options and 40% PublicCo restricted stock units. Notwithstanding the foregoing or any other provisions of this Agreement (other than Section 3.5.2), the value of any long-term equity incentive awards granted pursuant to this Section 3.3.1 and any Pre-Spin-Off LTI Awards (as defined below) granted pursuant to Section 3.3.2 that you are entitled to receive prior to the Term Date shall equal no less than $4,500,000 in the aggregate; provided, however, that the Company’s Board of Directors (or any duly authorized committee thereof), in its sole discretion, shall be permitted to make one or more combined grants to you in an earlier year that is intended to cover the annual grants for the then-current year and one or more later years, in which case, you shall not be entitled to receive another annual award for the year(s) covered by any such combined grant. For this purpose, the value of any Pre-Spin-Off LTI Awards granted pursuant to Section 3.3.2 shall be deemed to equal the target value of such awards. The annual long-term equity incentive awards granted pursuant to this Section 3.3.1 will vest and become exercisable or settled, as applicable, in accordance with the terms and conditions set forth in the award agreement evidencing such awards, as determined by PublicCo’s Board of Directors in its sole discretion, provided that such awards shall vest in accordance with the vesting schedule generally applicable to the annual long-term equity incentive awards granted to other senior executives of the Company. Except as specifically set forth in this Agreement, in the event that you cease to be employed by the Company or any of its affiliates prior to the relevant vesting date set forth in the award agreement evidencing such long-term equity incentive awards will be immediately forfeited and you will be entitled to no further payment or benefits with respect thereto. For purposes of this Agreement, the term “affiliate”, when used with resp...
Long-Term Equity Incentive Awards. Except as otherwise specified in Section 4(d) below, the Consultant’s outstanding equity awards shall continue to be governed by the applicable equity award agreements. The Consultant shall not be eligible to receive any new equity grants on or after the Effective Date.
