Common use of Long-Term Incentive Programs Clause in Contracts

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.

Appears in 2 contracts

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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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 PlanPrograms, 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"“Long Term Incentive Programs”), as may be in effect from time to time in accordance with the Company's ’s compensation practices and the terms and provisions of any such plans or programs; provided that Executive's ’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.

Appears in 2 contracts

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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 PlanPrograms, 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 200300% of Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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 PlanPrograms, 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 200250% of Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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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 PlanPrograms, 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% [___](3)% of Base Salary.

Appears in 1 contract

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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