Long Term Incentive Reward. Your compensation will also include a long-term incentive reward which complies with the Investment Company Act of 1940, as amended (the “LTIR”). On or as soon as practicable following the Effective Date you will be eligible for an initial grant under the LTIR with a threshold value of $1,000,000, which may result in payments of between $0 and $4,000,000 based on attainment of pre-established performance targets that will be approved by the Board of Directors. All terms of the LTIR will be governed by the terms of the plan as approved by the Board of Directors.
Appears in 1 contract
Samples: Employment Agreement (Yahoo Inc)
Long Term Incentive Reward. Your compensation will also include a long-term incentive reward which complies with the Investment Company Act of 1940, as amended (the “LTIR”). On or as soon as practicable following the Effective Date you will be eligible for an initial grant under the LTIR with a threshold value of $1,000,0006,000,000, which may result in payments of between $0 and $4,000,000 24,000,000 based on attainment of pre-established performance targets that will be approved by the Board of Directors. All terms of the LTIR will be governed by the terms of the plan as approved by the Board of Directors.
Appears in 1 contract
Samples: Employment Agreement (Yahoo Inc)
Long Term Incentive Reward. Your compensation will also include a long-term incentive reward which complies with the Investment Company Act of 1940, as amended (the “LTIR”). On or as soon as practicable following the Effective Closing Date you will be eligible for an initial grant under the LTIR with a threshold value of $1,000,0003,000,000, which may result in payments of between $0 and $4,000,000 12,000,000 based on attainment of pre-established performance targets that will be approved by the Board of Directors. All terms of the LTIR will be governed by the terms of the plan as approved by the Board of Directors.
Appears in 1 contract
Samples: Employment Agreement (Yahoo Inc)
Long Term Incentive Reward. Your compensation will also include a long-term incentive reward which complies with the Investment Company Act of 1940, as amended (the “LTIR”). On or as soon as practicable following the Effective Date you will be eligible for an initial grant under the LTIR with a threshold value of $1,000,0001,500,000, which may result in payments of between $0 and $4,000,000 6,000,000 based on attainment of pre-established performance targets that will be approved by the Board of Directors. All terms of the LTIR will be governed by the terms of the plan as approved by the Board of Directors.
Appears in 1 contract
Samples: Employment Agreement (Yahoo Inc)