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 previously granted pursuant to the terms of the Chindex International, Inc. 1994 Stock Option Plan or the Chindex International, Inc. 2004 Stock Incentive Plan (the “2004 Plan”) and option agreements thereunder (collectively, the “Option Agreements”), the Company shall also grant to Employee unrestricted or restricted stock and/or stock options under any new plans adopted by the Company and/or other equity incentive compensation 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 65% 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. 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. 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. (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. (a) During the period of his service as President, Chief Executive Officer and/or Executive Chairman of the Board, 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 of 2008, 2009 and 2010, 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. 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 (as defined in the Company Omnibus Plan) (referred to herein as “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. In addition to stock options previously granted pursuant to the terms of the XxxXxxxxx.xxx, Inc. Amended and Restated 1998 Stock Incentive Plan, as amended (the “Plan”) and option agreements dated October 18, 1999, December 8, 1999, April 18, 2000, November 30, 2000, January 1, 2002, January 1, 2003, January 2, 2004 and January 3, 2005 (collectively, the “Old Option Agreements”), the Company shall annually grant to Xxxxxx on or about each of January 1, 2006 and January 1, 2007 long-term equity incentive compensation in such form as the Committee may reasonably determine having a value equal to the value on the date hereof, using the Black-Scholes option valuation methodology as calculated by the Company’s independent accounting firm or compensation consulting firm, of stock options to purchase an aggregate of One Hundred Fifty-Seven Thousand (157,000) shares of Common Stock in the Company (the “New Equity Grants”) at an exercise price equal to the fair market value of a share of Common Stock in the Company as defined in the Plan and expiring on the fifth (5th) anniversary of the grant date. The New Equity Grants will vest with respect to the following percentage of each New Equity Grant on the dates set forth below, provided that Xxxxxx is in the Service (as defined below) of the Company or one of its subsidiaries on each such date: Date Percentage First anniversary of grant date 33.33% Second anniversary of grant date 33.33% Third anniversary of grant date 33.34% For purposes of this Section 2(d), Xxxxxx shall be considered to be in the “Service” of the Company or one of its subsidiaries if he is a common law employee of the Company (or one if its subsidiaries, as applicable). 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 without the Company having previously offered to renew this Employment Agreement on commercially reasonable terms as determined by the Company in good faith, or the upon the occurrence of a Change of Control (as defined in the Plan) prior to the termination of Xxxxxx’x employment hereunder for any reason, the then unvested portion of the New Equity Grants will immediately become vested. The New Equity Grants 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.
