Long Term Incentive Cash Bonus Awards Sample Clauses

Long Term Incentive Cash Bonus Awards. Prior to the Effective Time, the Company shall pay in cash to the holder of each long term incentive cash bonus award (“LTI Cash Bonus Award”) set forth on Section 3.4(e)(i) of the Company Disclosure Schedule the full amount of such award. The payments to be made pursuant to the preceding portion of this Section 3.4(e) will be subject to any applicable Tax withholding in accordance with Section 3.5. Each retention long term incentive cash bonus award (“Retention LTI Cash Bonus Award”) as set forth on Section 3.4(e)(ii) of the Company Disclosure Schedule that is outstanding immediately prior to the Effective Time shall, by virtue of the Effective Time and without any action on the part of any holder of such award and pursuant to the terms of the agreements in effect with respect to Retention LTI Cash Bonus Awards, remain outstanding and shall be paid out subject to and in accordance with the existing vesting schedule of such Retention LTI Cash Bonus Award (including any provisions providing for early termination and acceleration of vesting upon a termination of employment).
AutoNDA by SimpleDocs

Related to Long Term Incentive Cash Bonus Awards

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Incentive Bonuses The Employee shall be eligible to be considered for an annual incentive bonus with a target amount equal to 50% of his Base Compensation. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Company's Board of Directors (the "Board") or its Compensation Committee. The determinations of the Board or such Committee with respect to such bonus shall be final and binding.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!