Long Term Incentive (LTI) Sample Clauses

Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (“RSUs”) pursuant to the Company’s Share Unit Plan and as determined by the Company’s Board of Directors (“Board of Directors”) from time to time. In light of Employee’s role within the Company, Employee will be eligible for an LTI award with a value of up to 100% of Employee’s Salary in RSUs. Unless otherwise approved by the Board of Directors with respect to any individual grant, RSUs granted as LTI vest in equal increments (i.e., 25%) on the 12-month, 24-month, 36-month and 48-month anniversary dates of the grant date and will be granted in the first available open trading window in the year in which they are granted; provided, that, in the event Employee’s employment is terminated without Cause or due to Employee’s Disability (as defined in Section 5.1(e) of this Agreement) or death or Employee voluntarily terminates employment for Good Reason, any unvested RSUs shall vest pro rata through the date of such termination based on the number of months between the date of grant and the termination date relative to 48 months and provided further that, in the event of a Change of Control (as defined in Section 5.1(g) of this Agreement), the RSUs will become fully vested.
Sample 1
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Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (RSUs) pursuant to the Company’s Share Unit Plan and as determined by the Board of Directors from time to time. In light of Employee’s role within the Company, Employee will be eligible for an award with a value of up to 40% of Employee’s Salary in RSUs. The Company shall guarantee a pro-rata RSU grant as LTI for the 2022 calendar year which will be calculated based on time worked. RSUs granted as LTI vest equally over a four-year period and will be granted in the first available open trading window in the year in which they are granted; provided, that in the event of Employee’s employment is terminated without Cause, due to a Disability, or Employee’s death, the unvested RSUs shall vest pro rata on a monthly basis through the date of such termination.
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Long Term Incentive (LTI). The LTI program will be awarded through a combination of performance-based and time-based Restricted Stock Units and will be set based on targets established and approved annually by the Board of Directors. The LTI will be calculated, earned and vested in accordance with the Share Award Agreements.
Sample 1
Long Term Incentive (LTI). A long term incentive to be determined each year upon terms and conditions approved by the Board pursuant to the Compensation Policy and LTIP. The determination of the LTI will remain at the sound discretion of the Board.
Sample 1
Long Term Incentive (LTI). Employee shall be eligible to receive LTI in the form of Restricted Stock Units (RSUs) pursuant to the TerrAscend Corp.’s Share Unit Plan and as determined by the board of directors of TerrAscend Corp. (the “Board of Directors”) from time to time. In light of Employee’s role within the Company, Employee will be eligible for an award with a value of up to 40% of Employee’s Salary in RSUs. In addition to the foregoing, Employee will receive a one-time grant of 30,000 RSUs as LTI (the “Initial RSUs”). The Initial RSUs will be granted as soon as practicable following the filing with the U.S. Securities and Exchange Commission of TerrAscend Corp.’s related registration statement on Form S-8 (the “Form S-8 Filing”) and, subject to approval of the Board of Directors, shall begin vesting as of the Effective Date. RSUs granted as LTI, including the Initial RSUs, vest equally over a four-year period, subject to the Employee’s continuous employment with the Company on each applicable vesting date, and, other than the Initial RSU, will be granted in the first available open trading window following their award; provided, that in the event Employee’s employment is terminated without Cause, due to a Disability, or Employee’s death, the unvested RSUs shall vest pro rata through the date of such termination.
Sample 1

Related to Long Term Incentive (LTI)

  • 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.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • 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 Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • 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.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • 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 Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

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