Long Term Incentive Grant. In exchange for Executive agreeing to be bound by this Agreement, Fxxxxxx Mac further agrees to provide Executive with a long-term incentive grant as approved by the Human Resources Committee of the Fxxxxxx Mac Board of Directors on March 2, 2001. Executive’s failure to execute and return this Agreement to Fxxxxxx Mac on or before March 30, 2001, will result in Executive’s ineligibility for such long-term incentive grant otherwise provided pursuant to this Paragraph V(B).
Long Term Incentive Grant. Executive will receive a 2007 Long-Term Incentive Grant pursuant to the terms approved by the Compensation and Human Resources Committee of the Fxxxxxx Mac Board of Directors.
Long Term Incentive Grant. At the first meeting of the Board following the Start Date, the Company will also recommend that Executive be granted additional equity awards having an intended aggregate grant date value of $500,000 (the “LTIP Grant”), computed using the Black Scholes valuation model, subject to Employee’s continued employment through the grant date. The amount of the LTIP Gxxxx will be prorated to 75% for 2023. The LTIP Grant will consist of 50% in stock options and 50% in restricted stock units. The LTIP For each such award, the Company will recommend that the shares subject to the LTIP Gxxxx will vest over a four-year period, with 25% of such shares vesting annually over the next four years. Stock options subject to the LTIP Gxxxx will have a per share exercise price equal to the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Board. All other terms applicable to LTIP Gxxxx will be subject to the terms, definitions and provisions of the Company’s 2021 Equity Incentive Plan and form of stock option agreement and restricted stock unit agreement by and between Executive and the Parent, which documents are incorporated herein by reference.
Long Term Incentive Grant. Employee shall participate in any annual long-term incentive program instituted by the Company for its senior executives on similar terms and values applicable to similarly situated executives holding the same level of executive seniority and responsibility and consistent with prior grants made to Employee, with the actual grant subject to approval by the Board or the Committee, as applicable, in the same manner as approval for such similarly situated executives. For the avoidance of doubt, for the purpose of any such long-term incentive program and any long-term incentive award held by Employee, the terms “Cause”, “Disability” and “Good Reason” (or any analogous term) shall have the definitions set forth in this Agreement with respect to Employee.
Long Term Incentive Grant. Within sixty (60) days following the Effective Date, AmeriServ shall grant to Executive the following stock options:
(i) 10,000 stock options with an exercise price based upon the fair market value as of the grant date, which shall xxxxx xxxx at 100% on the first anniversary of the date of grant and the grant duration will be 10 years; and
(ii) The above grants shall be governed by the terms and conditions of the AmeriServ 2011 Stock Incentive Plan which was filed with AmeriServ’s 2011 proxy statement on March 21, 2011 and is incorporated herein by reference.
Long Term Incentive Grant. Within thirty (30) days following the Effective date, the Company shall grant to the Executive the following shares of restrictive stock and stock options:
(i) 20,000 shares of restricted stock, which shall become 100% vested on the first anniversary of the date of grant;
(ii) 20,000 stock options, which shall become 100% vested on the first anniversary of the date of grant;
(iii) 30,000 shares of restricted stock, which shall xxxxx xxxx at 100% on the third anniversary of the date of grant; and
(iv) 40,000 stock options, which shall xxxxx xxxx at 100% on the third anniversary of the date of grant. The above grants shall be governed by the terms and conditions of the USBANCORP, Inc. 2001 Stock Incentive Plan which was filed with the Company’s 2000 proxy statement on March 16, 2001 and is incorporated herein by reference.
Long Term Incentive Grant. On June 16, 2017, the Executive was granted 45,845 shares of restricted stock as long term incentives from the Company pursuant to the WideOpenWest, Inc. 2017 Omnibus Incentive Plan and a Restricted Stock Grant Agreement by and between the Executive and Company, dated as of June 16, 2017 (the “Long Term Incentive Grant”). Subject to Section 2(f), Section 2(g), Section 2(h) and continued compliance with Section 1(c), 15,281 shares of the restricted stock received pursuant to the Long Term Incentive Grant shall vest in full on June 30, 2018. As of the Separation Date, the remaining 30,564 shares of the restricted stock received pursuant to the Long Term Incentive Grant shall be unvested and shall be automatically forfeit and be cancelled for no value as of the Separation Date.
Long Term Incentive Grant. In lieu of any provision of the Amended Agreement, for the three calendar year period 2007 through 2009, the Executive shall be awarded a long-term incentive grant in restricted stock equal to 51,932 shares of SBI common stock.3 The specific terms of the award (including reasonable performance goals and provision for cliff vesting on the third anniversary of the date of grant, subject to acceleration of vesting as provided herein) under this paragraph shall be consistent with terms of a plan or program to be adopted by SBI’s Board of Directors in 2006 and implemented in 2007.
Long Term Incentive Grant. Employee shall be eligible for a one-time long term incentive (“LTI”) grant of 35,000 restricted shares of Class A Common Stock of iHeartMedia Holdings, Inc., subject to recommendation by Employee’s Manager and approval by the Board of Directors or the Compensation Committee of iHeartMedia Holdings, Inc., as applicable.
Long Term Incentive Grant. Subject to the terms and conditions of the Plan and Executive’s timely execution of a stock option agreement evidencing the option grant, the Company will grant Executive as of the Grant Date (i) an option to purchase 732,384 shares of Common Stock (the “Time Based Grant”) and (ii) an option to purchase up to 488,256 shares (the “Milestone Grant”). With respect to the Time Based Grant, the option shall vest monthly in thirty-six substantially equal monthly installments on each monthly anniversary of the Grant Date. With respect to the Milestone Grant, the option shall vest in two increments, each for 244,128 shares, with such vesting subject to certain performance milestones as determined by the Board. All options described in this Section 3(c) shall be non-qualified stock options, and such grants shall each be subject to the applicable option agreement, the Plan (or other applicable equity incentive plan) and this Agreement, and shall have an exercise price equal to the closing price of the stock on the Grant Date or other grant date, as applicable.
