Long-Term Incentive Cash Award. Subject to the vesting and other terms and conditions set forth in this Agreement and Exhibit A attached hereto and made a part hereof, the Company hereby grants to the Employee a cash award (the “Award”) consisting of (a) a time-vested, long-term cash incentive award (the “Time-Vested Award”) and (b) a performance-based, long-term cash incentive award (the “Performance-Based Award”), each in the amount set forth on Exhibit A.
Long-Term Incentive Cash Award. Subject to the vesting and other terms and conditions set forth in this Agreement, the Company hereby grants to the Executive a cash award of $______, of which $______ will be subject to adjustment pursuant to Exhibit A (the “Award”) under the Plan.
Long-Term Incentive Cash Award. Under the Company’s 2013-2015 Cash Long-Term Incentive Plan or any successor plan (the “2013-2015 Cash LTIP”), Executive will be eligible for long-term cash incentive opportunities (the “LTI Awards”) with the following target cash values in accordance with the terms communicated to Executive in that certain letter dated September 13, 2013: for the 2013 fiscal year $750,000, for the 2014 fiscal year $1,125,000 and for the 2015 fiscal year $1,125,000 based upon the attainment of one or more pre-established performance goals established by the Board or the Committee within 90 days after the beginning of the calendar year, after consultation with Executive. Any LTI Award paid to Executive, less applicable tax withholding, will be distributed pursuant to policies as determined by the Company, provided that payment of any LTI Award will in all events be made in the calendar year following the calendar year to which such LTI Award relates. Generally, amounts earned in a given year will be paid out at the end of the following fiscal year (e.g. amounts earned for 2013 performance will be paid out at the end of 2014). Any future LTI Awards granted by the Company and the amount of any such LTI Awards will be determined at the sole option and election of the Board or the Committee from time to time; provided that, notwithstanding the foregoing, Executive will be eligible to receive future LTI Awards in the form and on terms and conditions no less favorable than the future LTI Awards granted to other senior executives during the Employment Term.
Long-Term Incentive Cash Award. The Company hereby grants to the Participant a long-term incentive cash award (the “LTI Cash Award”) in the amount of $_______. The LTI Cash Award is an unfunded, unsecured contractual obligation of the Company and confers on the Participant no right to any particular asset of the Company and no right greater than an unsecured general creditor of the Company. The LTI Cash Award represents a right to receive cash upon vesting and will not be credited with interest. The LTI Cash Award will be subject to forfeiture and vesting at the same times, in the same proportions and subject to the same conditions as the portion of this Award described below in Section 2(a)(i). Upon vesting of any portion of the LTI Cash Award, the vested amount (less required withholding, including withholding arising from the contemporaneous vesting of Restricted Shares) will be paid to the Participant in cash within 30 days. No interest in the LTI Cash Award may be assigned, transferred, pledged or sold.]
Long-Term Incentive Cash Award. Xxxxxxx’s long-term incentive amount is 35% of base salary, payable in cash.
Long-Term Incentive Cash Award. The Long-Term Incentive provision in Attachment “A” to the Agreement is amended by adding the following proviso to the end of the first sentence of the “Cash Award” subsection: ; provided that Executive shall not be entitled to a cash award under the 2012 LTIP based upon the 2012 fiscal year.
