Common use of Long-Term Incentive Programs Clause in Contracts

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.

Appears in 14 contracts

Samples: Executive Severance Agreement (Sears Holdings Corp), Executive Severance Agreement (Sears Holdings Corp), Executive Severance Agreement (Lands End Inc)

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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, SHO shall be determined in accordance with the terms and conditions of the award letter and the LTIP document regarding termination of employment.

Appears in 1 contract

Samples: Executive Severance Agreement (Sears Hometown & Outlet Stores, Inc.)

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