Long-Term Incentive Plan / Long-Term Cash Incentive Plan Sample Clauses

Long-Term Incentive Plan / Long-Term Cash Incentive Plan. The Company and Executive acknowledge that Executive did not provide the one-year advance notice required to vest certain shares upon retirement under the terms of the outstanding Long-Term Incentive Plan or Long-Term Cash Incentive Plan grant agreements. Notwithstanding the scheduled vesting date pursuant to grants under the Long-Term Incentive Plan or Long-Term Cash Incentive Plan, on Executive’s Retirement Date, the Compensation Committee shall have taken action to treat Time-Based Restricted Shares (200,300) and Time-Based Restricted Share Units (88,000) as fully vested upon the Retirement Date. Further, the Company shall treat one-third of the outstanding unvested performance shares or performance based phantom shares, as applicable, at the target level as fully vested upon the Retirement Date (which one-third totals 73,864). The shares to be issued upon vesting or cash to be issued upon vesting, as applicable, shall be paid as soon as administratively feasible.
Sample 1
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Related to Long-Term Incentive Plan / Long-Term Cash Incentive Plan

  • 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 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 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 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 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 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 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 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.

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