Common use of Long Term Equity Performance Award Clause in Contracts

Long Term Equity Performance Award. At the beginning of each year of the Term of Employment beginning with the year ending December 31, 2018, Executive shall be granted an annual performance award of equity in the form of LTIPs for a three-year performance period, which award shall be subject to performance criteria and targets established and administered by the Board (or the compensation committee of the Board (the “Compensation Committee”) or another committee of directors to whom such responsibility has been delegated by the Board) (the “Long Term Performance Award”). The number of LTIPs to be issued pursuant to the Long Term Performance Award shall be no fewer than 150% of the Annual LTIP Award. Satisfaction of the performance criteria and targets established and administered by the Board (or the Compensation Committee or another committee of directors to whom such responsibility has been delegated by the Board) with respect to each Long Term Performance Award will be determined by the Board (or the Compensation Committee or such other committee to whom such responsibility has been delegated) and, to the extent earned, will thereupon vest and become nonforfeitable effective as of the last day of the performance period, subject to provisions set forth in Sections 3(f) and 5 of this Agreement.

Long Term Equity Performance Award. At the beginning of each year of the Term of Employment beginning with the year ending December 31, 2018, Executive shall be granted an annual performance award of equity in the form of LTIPs for a three-year performance period, which award shall be subject to performance criteria and targets established and administered by the Board (or the compensation committee of the Board (the “Compensation Committee”) or another committee of directors to whom such responsibility has been delegated by the Board) (the “Long Term Performance Award”). The number of LTIPs to be issued pursuant to the Long Term Performance Award shall be no fewer than 150% of the Annual LTIP Award. .. Satisfaction of the performance criteria and targets established and administered by the Board (or the Compensation Committee or another committee of directors to whom such responsibility has been delegated by the Board) with respect to each Long Term Performance Award will be determined by the Board (or the Compensation Committee or such other committee to whom such responsibility has been delegated) and, to the extent earned, will thereupon vest and become nonforfeitable effective as of the last day of the performance period, subject to provisions set forth in Sections 3(f) and 5 of this Agreement.

Long Term Equity Performance Award. At the beginning of each year of the Term of Employment beginning with the year ending December 31, 2018, Executive Service Provider shall be granted an annual performance award of equity in the form of LTIPs for a three-year performance period, which award shall be subject to performance criteria and targets established and administered by the Board (or the compensation committee of the Board (the “Compensation Committee”) or another committee of directors to whom such responsibility has been delegated by the Board) (the “Long Term Performance Award”). The number of LTIPs to be issued pursuant to the Long Term Performance Award shall be no fewer than 150% of the Annual LTIP Award. Satisfaction of the performance criteria and targets established and administered by the Board (or the Compensation Committee or another committee of directors to whom such responsibility has been delegated by the Board) with respect to each Long Term Performance Award will be determined by the Board (or the Compensation Committee or such other committee to whom such responsibility has been delegated) and, to the extent earned, will thereupon vest and become nonforfeitable effective as of the last day of the performance period, subject to provisions set forth in Sections 3(f) and 5 of this Agreement.

Long Term Equity Performance Award. At the beginning of each calendar year of the Term of Employment beginning with the year ending December 31, 20182019, Executive shall be granted an annual performance award of equity in the form of LTIPs for a three-year performance period, which award shall be subject to performance criteria and targets established and administered by the Board (or the compensation committee of the Board (the “Compensation Committee”) or another committee of directors to whom such responsibility has been delegated by the Board) (the “Long Term Performance Award”). The number of LTIPs to be issued pursuant to the Long Term Performance Award shall be no fewer than in a target amount equal to $100,000 with the final vested amount to be determined with a threshold of 50% to a maximum of 150% at the end of the Annual LTIP Awardthree-year performance period and based upon satisfaction of the performance criteria and targets. Satisfaction of the performance criteria and targets established and administered by the Board (or the Compensation Committee or another committee of directors to whom such responsibility has been delegated by the Board) with respect to each Long Term Performance Award will be determined by the Board (or the Compensation Committee or such other committee to whom such responsibility has been delegated) and, to the extent earned, will thereupon vest and become nonforfeitable effective as of the last day of the performance period, subject to provisions set forth in Sections 3(f) and 5 4 of this Agreement.