Long Term Incentive Compensation Plan. During the Term hereof, the Board may pay to Executive long term incentive cash bonuses in accordance with the Long Term Incentive Compensation Plan.
Long Term Incentive Compensation Plan. RESTRICTED STOCK AGREEMENT
Long Term Incentive Compensation Plan. As a key executive and during your continued employment as a key executive, you may be eligible to participate in the Board of Directors’ approved Employee Equity Plan pursuant to the plan details as amended from time to time in the Company’s sole discretion. Such equity grants, if any, will be made in the sole discretion of the Board of Directors and will be subject to the terms and conditions specified by the Board of Directors, the Company’s stock plan, the award agreement that you must execute as a condition of any grant and the Company’s xxxxxxx xxxxxxx policy. If required by applicable law with respect to transactions involving Company equity securities, you agree that you shall use your best efforts to comply with any duty that you may have to (i) timely report any such transactions and (ii) to refrain from engaging in certain transactions from time to time. The Company has no duty to register under (or otherwise obtain an exemption from) the Securities Act of 1933 (or applicable state securities laws) with respect to any Company equity securities that may be issued to you.
Long Term Incentive Compensation Plan. Executive shall participate in the State Auto Financial Corporation Long-Term Incentive Program (the “LTIP”) as applicable to Executive and certain other executives of State Auto, per the terms and conditions of the LTIP.
Long Term Incentive Compensation Plan. Executive is hereby granted an Incentive Award with respect to the Incentive Pool of the Company's Long Term Incentive Plan (the "LTIP"), at a Participation Level of 31.25%. The terms of the LTIP, when finalized and adopted by the Company in consultation with Executive, will substantially reflect the terms summarized and attached hereto as Exhibit B.
Long Term Incentive Compensation Plan. The Executive shall participate in the Company's long-term incentive compensation plan.
Long Term Incentive Compensation Plan. The Company adopted the BPZ Energy, Inc. Long-Term Incentive Compensation Plan (the “LTIP”) in April 2005 and it was approved by the Company’s shareholders in July 2005. The LTIP will be administered and managed within the discretion of the compensation committee of the Company or, in the absence of such committee, by the Board of Directors. Incentives under the LTIP may be granted to eligible employees, directors or consultants in any one or a combination of incentive options, non-statutory stock options, stock appreciation rights, restricted stock grants, stock grants and performance shares. The following is a summary of the key provisions of the LTIP: Plan Term: April 15, 2005 to April 15, 2015.
Long Term Incentive Compensation Plan. Executive shall participate in the State Auto Financial Corporation Long-Term Incentive Program (the “LTIP”) or any successor plan with an incentive bonus target equal to no less than 180% of Executive’s current Base Salary. It is contemplated that the bonus opportunity under the LTIP or any successor plan shall be “performance-based compensation,” as such term is used in Section 162(m) of the Code, and payable based upon the achievement of peer comparison and/or other performance goals determined by the STFC Compensation Committee. Executive’s participation in the LTIP shall be according to the terms and conditions of the LTIP. It is understood and agreed that the LTIP or any similar cash incentive compensation plan may be amended, suspended, or terminated by State Auto at any time. It is understood and agreed that the bonus compensation potential from the LTIP shall not be less than the bonus compensation potential available to Executive under the LTIP in effect for Executive on the date of this Agreement, provided that this restriction may be suspended due to Exigent Circumstances.
Long Term Incentive Compensation Plan. During Executive’s employment, the Executive shall participate in the Long Term Incentive Plan or any successor thereto on terms equal to similarly situated officers.
Long Term Incentive Compensation Plan. The Executive shall not be eligible to participate in any stock-based or long-term incentive compensation plan of the Company; provided, however, the Executive's service during the Employment Term shall be taken into account in determining the Executive's vested interest in stock-based awards granted on or before July 31, 2000.
