Common use of Long Term Incentive Plan Clause in Contracts

Long Term Incentive Plan. As a senior management executive of the Company, Executive shall participate annually in the Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board or the Compensation Committee, in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock units and/or other types of compensation.

Appears in 8 contracts

Samples: Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc), Employment Agreement (Helix Energy Solutions Group Inc)

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Long Term Incentive Plan. As a senior member of executive management executive of the Companyteam, Executive shall may participate annually in the Employer’s Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company’s adoption of a LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 5 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Long Term Incentive Plan. As a senior member of executive management executive of the Companyteam, Executive shall may participate annually in the Employer's Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company's adoption of a LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 3 contracts

Samples: Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp), Employment Agreement (Tesco Corp)

Long Term Incentive Plan. As a senior member of executive management executive of the Companyteam, Executive shall may participate annually in the Employer's Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company's adoption of an LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Long Term Incentive Plan. As a senior management executive member of the Companyexecutive management team, Executive shall may participate annually in the Employer’s Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company’s adoption of an LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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Long Term Incentive Plan. As a senior member of executive management executive of the Companyteam, Executive shall may participate annually in the Employer’s Long Term Incentive Plan as determined by and on such terms as approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company’s adoption of a LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

Long Term Incentive Plan. As a senior management executive member of the Companyexecutive management team, Executive shall may participate annually in the Employer's Long Term Incentive Plan as determined by and on such terms approved by the Company, the Board of Directors or the Compensation Committee, compensation committee thereof in its sole discretion. The LTIP may include stock options, restricted stock, restricted stock performance units and/or other types of compensation. The Company's adoption of an LTIP award for one year does not require the Company to adopt an award or the LTIP in any other year.

Appears in 1 contract

Samples: Employment Agreement (Tesco Corp)

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