Long Term Incentive Compensation Award Sample Clauses

Long Term Incentive Compensation Award. During the Employment Term, Executive shall be shall be given the opportunity to earn annual Long Term Incentive Compensation Award (the “Target LTIC Award”) under the Company’s Equity Incentive Plan (the “Equity Plan”), as modified, amended or replaced from time to time. Executive’s annual Targeted Long Term Incentive Compensation Award for each Fiscal Year during the Employment Term shall be set by the Compensation Committee, in its sole discretion. The actual LTIC Award payable to Executive with respect to a Fiscal Year shall be dependent upon the achievement of performance objectives established by the Compensation Committee for such Fiscal Year and may be greater or less than the Target Long Term Incentive Compensation opportunity depending on performance objective results. Except as otherwise provided in this Agreement, the payment of LTIC Award shall be at the same time as Long Term Incentive Compensation Awards are paid to other similar executives of the Company.
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Long Term Incentive Compensation Award. (a) During the Term, on the next regular payroll date of the Company following any distribution of cash or property by Parent to one or more of its members (each, a “Parent Distribution”), the Company shall pay to the Executive a cash bonus equal to 7.5% of the amount of such Parent Distribution. (b) Except if the Term ends pursuant to Section 4(a)(i), 4(a)(ii), 4(a)(iii), or 4(a)(vi) of the Employment Agreement, on each anniversary of the last day of the Term that occurs prior to a Change in Control or a Deemed Termination for Cause, the Company shall pay to the Executive a cash bonus amount equal to 7.5% of the aggregate amount of Parent Distributions made during the preceding twelve (12) months. (c) Upon the occurrence of a Change in Control, other than a Change in Control that occurs following a termination of the Term pursuant to Section 4(a)(i), 4(a)(ii), 4(a)(iii), or 4(a)(vi) of the Employment Agreement or following a Deemed Termination for Cause, the Company shall pay to the Executive a cash bonus amount equal to the sum of (x) 7.5% of the aggregate amount of Parent Distributions made since the last cash bonus payment to the Executive, if any, pursuant to Section 1 (a) or 1(b) above, plus (y) 7.5% of the aggregate amount of Change in Control proceeds available for Parent Distribution (net of transaction costs and expenses), as determined by the Board in good faith. (d) In no event shall the aggregate amount of cash bonuses payable to the Executive pursuant to this Agreement exceed $100 million. For the avoidance of doubt, the Executive’s rights, and the Company’s obligations, pursuant to Section 1(b) and 1(c) above shall survive the expiration of the Term as required to give effect to such provisions. (e) As used herein, the term “Change in Control” shall mean a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, in either case within the meaning of Section 409A of the Code.
Sample 1
Long Term Incentive Compensation Award. A. Except as otherwise provided in Section VIII below, Executive shall be eligible to receive a Long-Term Incentive Compensation Award equal to the amounts credited to him for each Award Period during the Term, conditioned on achievement of the applicable Annual Operating Income Targets. The maximum amount that can be credited for any one Award Period shall be Eight Hundred Twenty Five Thousand Dollars ($825,000), and the maximum value of the Long-Term Incentive Compensation Award payable to Executive under the Plan at the end of the Term shall not exceed a total of Four Million One Hundred Twenty Five Thousand Dollars ($4,125,000). B. Subject to Section VIII below, if at the end of an Award Period, the Annual Operating Income Target for that Award Period is not achieved, then no amount will be credited to Executive as of the end of that Award Period. However, with respect to any Annual Operating Income Target that is not achieved in an applicable Award Period, any amounts not credited to Executive with respect to such Award Period will be carried over into subsequent Award Periods and may be credited to Executive if at the end of a subsequent Award Period the Annual Operating Income Target for the current Award Period and the carried over Award Period or Award Periods are achieved on a cumulative basis; provided, however, that in no event will an amount from any Award Period be carried over after the Plan or Executive’s employment has terminated. If at the end of an Award Period, the Annual Operating Income Target for that Award Period is achieved, then the amount allocated for that Award Period (i.e., $825,000) will be credited to Executive, and, to the extent vested, will be paid to Executive as set forth in Sections VI, VII and VIII below. At the end of the Term, or if earlier, at the time of termination of Executive’s employment with the Company, Executive shall be entitled to receive the Long-Term Incentive Compensation Award at such time and to the extent provided in Sections VI, VII and VIII below. C. Notwithstanding the foregoing, no amount will be credited to Executive with respect to an Award Period unless the Committee has certified in writing that the Annual Operating Income Target for the applicable Award Period has been achieved, except as provided pursuant to Section VIII below.
Sample 1
Long Term Incentive Compensation Award. The term "Long Term Incentive Compensation Award" with respect to Noalx xxx any year shall mean the incentive compensation award (whether paid in cash, deferred, or a combination of both) payable to Noalx xxxer the Combined Long Term Incentive Compensation Plan for that year. For these purposes, an incentive compensation award payable to Noalx xxxer the Combined Long Term Incentive Compensation Plan with respect to any multi-year period will be deemed to be "for" the last year of that multi-year period. Thus, for example, any incentive compensation award payable to Noalx xxder the Combined Long Term Incentive Compensation Plan with respect to the three year period comprised of 1990, 1991, and 1992 will be deemed to be "for" 1992 (without regard to the time of payment), the entire award under that plan for that period will be part of the Long Term Incentive Compensation Award for 1992, and no part of the award under that plan for that period will be part of the Long Term Incentive Compensation Award for any year other than 1992.
Sample 1
Long Term Incentive Compensation Award. Notwithstanding any provision of this Agreement, the Employment Agreement (as defined below), the Curo Group Holdings Corp. 2017 Incentive Plan (the “Plan”), or any outstanding Award Agreements under the Plan to the contrary, Employee’s period of service through the Extended Separation Date shall be considered service for all purposes under this Agreement, the Employment Agreement, the Plan and any outstanding Award Agreements under the Plan, including but not limited to service for purposes of the vesting of any unvested grants under the Plan.
Sample 1

Related to Long Term Incentive Compensation Award

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

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • 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 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.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Equity Incentive Compensation Upon the Closing, each incentive award in respect of the common stock of Seller Parent (a “Seller Parent Equity Award”) held by a Transferred Employee shall become vested or eligible to vest (subject to the satisfaction of any applicable performance goals) in a prorated amount, determined based on the number of days in the applicable vesting period elapsed as of the Closing Date. Effective as of the Closing, Purchaser or its Affiliates shall grant to each Transferred Employee an equity- or cash-based incentive award (a “Make-Whole Award”) with a grant date fair value that is no less favorable than the value of the portion of the Seller Parent Equity Awards forfeited by the Transferred Employee in connection with the Closing (which forfeited amount shall be disclosed to Purchaser Parent no later than five (5) Business Days prior to the Closing), which Make-Whole Award shall have terms and conditions that are no less favorable than the terms and conditions (including vesting schedule and accelerated vesting terms) that were applicable to the corresponding Seller Parent Equity Award. In the event that the post-Closing transfer of a Delayed Transfer Employee results in a larger portion of the Seller Parent Equity Awards held by such Delayed Transfer Employee becoming vested upon such Delayed Transfer Employee’s transfer of employment than if the employment of such Delayed Transfer Employee had transferred upon the Closing, then the incremental cost of such additional vesting (which cost shall be measured based on the taxable income the Delayed Transfer Employee either realized or would have realized had such awards been settled or exercised upon such Delayed Transfer Employee’s transfer of employment to Purchaser or its Subsidiaries) shall be considered Purchaser Assumed Employee Liabilities.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

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