Common use of Long-term Incentive Compensation Programs Clause in Contracts

Long-term Incentive Compensation Programs. (a) The Executive shall be eligible to participate in the Company’s applicable long-term incentive compensation plan as may be established and modified from time to time by the Board in its sole discretion commensurate with his titles and position, and shall be eligible to receive awards (if any) under that plan in such form and amounts, and subject to such conditions, as the Compensation Committee shall determine in its sole discretion. (b) The Executive hereby agrees that any future equity awards to him shall have a Double-Trigger Vesting provision.