Long-Term Incentive Compensation Opportunity. During the Term, commencing with performance for the 2012 calendar year, the Executive shall be considered for recommendation to the Compensation Committee, or other committee of the Board administering any long-term incentive compensation plan of the Company as from time to time in effect (the “Compensation Committee”), for long-term incentive awards, at levels and on terms consistent with the Company’s long-term incentive compensation programs and policies as in effect from time to time commensurate with his position as Vice Chairman of the Company, as determined by the Compensation Committee (each, as so awarded by the Compensation Committee, a “Long-Term Incentive Award”). If the Company shall terminate the Executive’s employment without Cause pursuant to Section 4.4 or if the Executive shall terminate his employment pursuant to Section 4.4 or retire, each of the Executive’s previously earned and outstanding Long-Term Incentive Awards covering any performance period completed on or prior to termination or retirement shall continue to be paid in accordance with its terms as if the Executive’s employment had not been terminated or he had not retired and as if he had remained employed with the Company on the payment date (subject to the Executive’s continued compliance during such extended payment period with his confidentiality and non-competition obligations otherwise referred to herein).
Long-Term Incentive Compensation Opportunity
