Long-Term Incentive Award. Provided that the Stock Plan is approved by the Company's shareholders, the Executive shall participate in the Stock Plan and shall be granted under the Stock Plan, as of the Effective Date, an option to purchase 559,000 shares of Stock. The option shall be divided into four tranches as set forth below:
Appears in 4 contracts
Samples: Employment Agreement (Penncorp Financial Group Inc /De/), Employment Agreement (Penncorp Financial Group Inc /De/), Employment Agreement (Penncorp Financial Group Inc /De/)
