Long Term Incentive Payments Sample Clauses

Long Term Incentive Payments. The Company has or may from time to time in the future grant to the Employee such long-term incentive compensation (including, by way of illustration but not limitation, stock options) as the Board of Directors may determine in its discretion.
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Long Term Incentive Payments. Subject to the terms of this Agreement, during the Consulting Period, Executive shall be eligible to receive a long-term incentive cash payment for each of the three performance periods specified below in the table. The three payments will not be made pursuant to awards granted under the Xxxxx Shoe Company, Inc. Incentive and Stock Compensation Plan (the "Incentive Plan"), but the amount of each payment will be based on the achievement of the performance targets established by the Board of Directors of the Company for the corresponding performance periods under the Incentive Plan. In consideration of the foregoing, Executive acknowledges and agrees that all long-term incentive awards which have been granted to him under the Incentive Plan with respect to the performance periods specified below are hereby canceled and forfeited in all respects as of the Effective Date and the Company shall have no obligation to honor such awards. Further, Executive acknowledges that any long-term incentive cash payment to which he may be entitled under this Section 5 shall only be paid in the form of cash and not shares of Company common stock. The three long-term incentive payments that Executive is eligible to receive pursuant to this Section 5 shall be made in accordance with the following terms and conditions: Performance Period Number of Performance Shares/Units Granted Form of Payment/Payment Amount Payment Date Fiscal Years 99-01 Same number as originally awarded by Company pursuant to Incentive Plan for performance period Cash payment equal to (i) the number of performance shares/units earned over performance period, taking into consideration the extent to which the applicable performance targets established for the performance period under the Incentive Plan have been achieved, multiplied by (ii) the Fair Market Value (as defined in the Incentive Plan) of one share of the Company's common stock as of the date immediately preceding the date on which such cash payment is made to Executive Payment no later than April 30, 2002 Fiscal Years 00-02 Same number as originally awarded by Company pursuant to Incentive Plan for performance period Cash payment determined pursuant to same formula described above Payment no later than April 30, 2003 Fiscal Years 01-03 Same number as originally awarded by Company pursuant to Incentive Plan for performance period Cash payment determined pursuant to same formula described above Payment no later than April 30, 2004
Sample 1
Long Term Incentive Payments. (a) Executive will be eligible to receive cash payments in the amounts set forth on Exhibit A (each, an “LTIP Payment”, and collectively, the “LTIP Payments”) upon: (i) satisfaction of the service condition (each, a “Service Requirement”) set forth for each LTIP Payment on Exhibit A, or (ii) termination of the Executive’s employment by the Company without Cause or by the Executive for Good Reason (each, a “Qualifying Termination”), provided that he has remained continuously employed with the Company and/or one of its Affiliates through the date of such Qualifying Termination. For purposes of this Agreement, “Cause” and “
Sample 1
Long Term Incentive Payments. 9.1 If the Company experiences a Change in Control prior to December 9, 2018, the Company shall pay a long term incentive payment (“LTI Payment”) to the Executive based on the increase in the Company’s enterprise value, which for purposes of this agreement the initial enterprise value shall be $84 million (“Initial Enterprise Value”). For any Change in Control other than a Sale transaction, the increase in the enterprise value shall be determined by calculating an enterprise value for the most recently ended twelve (12) months by multiplying EBITDA for the most recently ended twelve (12) months by eight and subtracting the Initial Enterprise Value. For a Change in Control resulting from a Sale, the increase in the enterprise value shall be determined by subtracting the Initial Enterprise Value EXECUTIVE’S INITIALS: from the Sales Price of the Company. The LTI Payment shall be calculated by multiplying the Executive’s Base Salary by the applicable multiple reflected in Exhibit A. The LTI Payment shall be paid to the Executive on or before the Change in Control.
Sample 1
Long Term Incentive Payments. Any long-term incentive payment made to you for calendar year 2000 will vest on July 1, 2002, or the date that you have a Qualifying Termination, if prior to such date. Such amount, if due, will be paid to you on July 1, 2002.
Sample 1

Related to Long Term Incentive Payments

  • 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 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 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 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 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.

  • Incentive Payments (i) Amount in the Event of a Termination Pursuant to Sections 7(a) or 7(c). In the event of a termination pursuant to Sections 7(a) or 7(c) of this Agreement, Employee shall be offered the opportunity to receive Incentive Payments in a total amount equal to 0.500 times the sum of Employee’s most recent annual base salary and target bonus, payable in equal installments on the same pay schedule in effect at the time of termination over a period of twelve (12) months from the date of termination.

  • 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 Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) 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.

  • 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 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.

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