Long-term Equity Incentive Compensation. Employer has adopted long-term equity incentive compensation plans that are administered by the Compensation Committee. For each fiscal year, Executive shall be eligible to receive an award of long-term equity incentive compensation in the form of common stock of Employer, options to acquire common stock of Employer or any combination of the foregoing based on a target level of 50% of Executive's Base Salary. Long-term equity incentive compensation will be determined based on performance goals and rules established by the Compensation Committee and such awards, if any, will be made within four months of the end of the fiscal year. Executive is not guaranteed any long-term equity compensation.
Long-term Equity Incentive Compensation. In addition to stock options and other equity awards previously granted pursuant to the terms of the Chindex International, Inc. 1994 Stock Option Plan, the Chindex International, Inc. 2004 Stock Incentive Plan, and the Chindex International, Inc. 2007 Stock Incentive Plan and award agreements thereunder, the Company may also grant to Employee unrestricted or restricted stock, stock options, and/or other equity incentive compensation under equity compensation plans of the Company in such form and having such terms as the Compensation Committee of the Board may determine.
Long-term Equity Incentive Compensation. In addition to stock options previously granted pursuant to the terms of any of the Company’s stock option or stock incentive plans and option agreements (collectively, the “Option Agreements”), the Company may also grant to Employee stock options under any new plans adopted by the Company and/or other long-term equity incentive compensation in such form and having such terms as the Committee may determine.
Long-term Equity Incentive Compensation. Employer has adopted long-term equity incentive compensation plans that are administered by the Compensation Committee. For each calendar year, Executive shall be eligible to receive a long-term equity incentive compensation award in the form of restricted common stock of Employer, options to acquire common stock of Employer or any combination of the foregoing based on a target level of 100% of Executive’s then Base Salary. Long-term equity incentive compensation will be determined based on performance goals and rules established by the Compensation Committee. Executive is not guaranteed any long-term equity compensation.
Long-term Equity Incentive Compensation. On an annual basis, Employee shall be eligible to receive long term equity incentive awards under the Long Term Incentive Plan or any successor plan thereto.
Long-term Equity Incentive Compensation. Any Equity award shall be subject to the terms and conditions set forth in the Company Omnibus Plan and an applicable award agreement entered into thereunder, which shall not be inconsistent with the Plan or this Agreement (except to the extent the Plan may be modified by the Board), and to approval of such grant by the Board; provided that upon the occurrence of a Change in Control, Executive shall become fully and immediately vested in any equity award granted to Executive pursuant to the Company Omnibus Plan, in each case, then held by the Executive as of the date of such Change in Control provided further that any equity awards conditioned upon performance criteria, goals or objectives that so vest fully and immediately upon a Change in Control shall be, payable at the target-level specified in the Company Omnibus Plan or an applicable award agreement or as specified in connection with the grant, where applicable.
Long-term Equity Incentive Compensation. (a) During the period of his service as Chief Executive Officer, Xx. Xxxxxx will be eligible to receive annual awards under the Company’s long-term incentive plan(s) (“LTIP”) as in effect from time to time, subject to such vesting and other conditions as are consistent with terms and conditions applicable to LTIP awards made to other senior executives of the Company. For each year of CEO employment commencing January 1, 2014, the annual LTIP award will have a minimum value of $1,500,000 and at least $1,500,000 of such annual LTIP award will be in the form of restricted stock.
Long-term Equity Incentive Compensation. (a) During the period of his service as Executive Chairman, Mx. Xxxxxx will be eligible to receive annual awards under the Company’s long-term incentive plan(s) (“LTIP”) as in effect from time to time, subject to such vesting and other conditions as are consistent with terms and conditions applicable to LTIP awards made to other senior executives of the Company.
Long-term Equity Incentive Compensation. In addition to any Stock Options previously granted to you, including under the 2019 Agreement, which shall not be impacted by this Agreement except as provided by Section 4a, you will receive the following Annual Long-Term Equity Incentive Grants, which will be subject to the terms and conditions of the Exxxxxx Kodak Company 2013 Omnibus Incentive Plan (as amended and restated and as it may be further amended, the “Plan”): Each year you will be granted 300,000 unvested RSUs. The RSUs will vest in substantially equal installments on each of the date that is 1 year, 2 years, and 3 years following the grant date, subject to continued employment through each applicable vesting date, except as otherwise expressly provided for in this Agreement or in the applicable award agreement, and the terms and conditions of each such grant shall be subject to approval by the Committee. The first Annual Long-Term Equity Incentive Grant will be made upon the execution of this Agreement. In the event of any automatic renewal of this Agreement, the number of RSUs granted as Long Term Incentive Awards for each year of the renewal term shall be determined by dividing $3,000,000 by the volume-weighted average price per share of Common Stock for the twenty (20) trading days prior to the date of grant (which shall be an anniversary of the Effective Date). PREAMBLE Exxxxxx Kodak Company and its affiliates and subsidiaries (hereinafter collectively called “Kodak”) operate in very competitive environments around the world. As part of your employment, you may from time to time have access to confidential and proprietary company information. This Employee’s Agreement (this “Agreement”) governs certain understandings between Kodak and you regarding your work for Kodak, its confidential and proprietary information, and your responsibilities to Kodak including, but not limited to, nondisclosure of Kodak’s Confidential Information and Proprietary Information (each as defined below), assignment of rights and non-solicitation.
Long-term Equity Incentive Compensation. The Company shall annually grant to Xxxxxx on or about January 1 of each year of his employment during the Term long-term equity incentive compensation opportunities in such form as the Committee may reasonably determine having a grant date economic value of not less than three hundred thousand dollars ($300,000), as determined by the Committee in its sole discretion (the “New LTIs”). In the event such long-term equity incentive compensation award is provided in a form other than stock options, stock appreciation rights or restricted stock, payment of such award shall be paid on or within sixty (60) days after the vesting of the award. Notwithstanding any other provision hereof, following the termination of Xxxxxx’x employment by the Company without Cause, a voluntary termination by Xxxxxx for Good Reason, upon the expiration of this Employment Agreement as a result of the Company delivering notice of non-renewal pursuant to Section 1(a), or the upon the occurrence of a Change of Control (as defined in the 2007 Plan) prior to the termination of Xxxxxx’x employment hereunder for any reason, the then unvested portion of the New LTIs will immediately become vested. The New LTIs shall also have such other terms not inconsistent with the foregoing as shall be determined by the Company and set forth in a grant agreement.
