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 Programs. Executive shall be eligible to participate in any long-term incentive programs of the Company on the same basis as other senior executives of the Company.
Long-Term Incentive Programs. Upon Executive’s Date of Termination, Executive’s entitlement to any award granted to Executive under a long-term incentive program (“LTIP”) sponsored by Sears, shall be determined in accordance with the terms and conditions of the award letter and the LTIP document regarding termination of employment.
Long-Term Incentive Programs. Executive shall participate in the Company’s 2017 Omnibus Equity Plan or any successor plan and other long-term incentive compensation plans generally available to other senior executive officers of the Company from time to time on terms and conditions that are appropriate to Executive’s positions and responsibilities at the Company and are no less favorable than those generally applicable to such other senior executive officers.
Long-Term Incentive Programs. In addition to the Base Salary and participation in the Annual Bonus Programs and to awards related to the termination of CFP's EAU Plan, Executive shall be eligible to participate throughout the Term in such long term bonus plans and programs including stock option, restricted stock unit, restricted shares, performance stock unit and other similar programs ("LONG TERM INCENTIVE PROGRAMS"), as may be in effect from time to time in accordance with the Company's compensation practices and the terms and provisions of any such plans or programs; provided that Executive's participation in each Long Term Incentive Program shall be at a level and on terms and conditions no less favorable than participation by other senior executives of the Company; and, provided further that subject to the discretion of the Compensation Committee based upon the performance of the Company and the Executive and competitive pay practices, it is expected that the Executive shall receive annually Long Term Incentive Program awards with a value equal to 200% of Base Salary.
Long-Term Incentive Programs. All benefits under any long term incentive programs in which the Officer was entitled to participate, including, but not limited to, shareholder value plans, stock option plans, stock awards, or stock bonuses shall be immediately payable by Bank and any benefit carrying a right to exercise that was not previously exercisable and vested shall become fully exercisable and vested. The restrictions, deferral limitations and forfeiture conditions applicable to any other award granted to Officer shall lapse and such awards shall be deemed fully vested and any performance conditions imposed with respect to awards shall be deemed to be fully achieved. For a period of three (3) years following a Change in Control, the Officer shall have the right to exercise any stock options.
Long-Term Incentive Programs. Executive shall be eligible to participate in BioZone’s long-term incentive compensation programs, including stock options, stock grants and other equity awards, as may be established by the Board from time to time.
Long-Term Incentive Programs. In addition to the Base Salary and participation in the Annual Bonus Programs, the Executive shall be eligible to participate throughout the Term in such long-term incentive plans and programs including, without limitation, stock option, restricted stock unit, performance stock unit and other similar programs (“Long-Term Incentive Programs”), as may be in effect from time to time in accordance with Employer’s compensation practices and, except as otherwise provided herein, the terms and provisions of any such plans or programs, such as Employer’s Long-Term Incentive Program (the “LTIP”) under the EICP. For 2017, Executive shall have an aggregate LTIP percentage at Target of not less than four hundred fifty percent (450%). Except as otherwise provided herein, the Executive’s participation in each Long-Term Incentive Program shall be at a level and on terms and conditions consistent with participation by other senior executives of Employer.
Long-Term Incentive Programs. The Executive shall participate in such long-term cash- and/or equity-based incentive programs as the senior executives of the Company participate from time to time. The Parties understand that, as of the effective date of this Agreement, a long-term cash- and/or equity-based incentive program is not in existence for the senior executives of the Company. The Parties anticipate that if implemented, a new long-term incentive program will be implemented each year and that such programs, if implemented, will provide for the payment (in common stock and/or cash) of an amount equal to the average annual salary and target bonuses paid to the Executive during the three-year plan period, payable at the conclusion of fiscal year 2006 (February 2007), if the Company meets or exceeds its cumulative EBITDA target for that three-year period. The Parties also anticipate that if implemented, the new long-term incentive program will provide that in the event the Executive's employment is terminated (i) by the Company without Cause (other than due to Disability or death), (ii) by reason of a Constructive Termination, or (iii) upon expiration of the Term of Employment following the Company's having given a notice of non-extension of the Term of Employment, the Company will pay a pro-rata share of the incentive payment if the Company was ahead of target at the time of the termination. However, the Parties understand and agree that no such plan is yet in existence, that such plan may never be in existence, and that this provision shall not be construed as creating any binding obligation on the Company to implement such a plan.
Long-Term Incentive Programs. In addition to the Base Salary and participation in the Annual Bonus Programs, the Executive shall be eligible to participate throughout the Term in such long-term incentive plans and programs including, without limitation, stock option, restricted stock unit, performance stock unit and other similar programs (“Long-Term Incentive Programs”), as may be in effect from time to time in accordance with Employer’s compensation practices and, except as otherwise provided herein, the terms and provisions of any such plans or programs, such as Employer’s Long-Term Incentive Program (the “LTIP”) under the EICP; provided that (i) Executive’s aggregate target of LTIP awards to be granted in 2008 shall have a value (determined based on the valuation method used by the Compensation Committee in making LTIP awards to the senior officers of the Employer) equal to three hundred percent (300%) of Base Salary and the actual awards shall be determined and made at such times and in such manner as is consistent with the treatment of other senior executives of Employer and with the provisions of the LTIP and (ii) in all other respects, except as otherwise provided herein, the Executive’s participation in each Long-Term Incentive Program shall be at a level and on terms and conditions consistent with participation by other senior executives of Employer.
