Common use of Long-Term Incentives Clause in Contracts

Long-Term Incentives. During the Term, the Executive shall be eligible to participate in the Company’s 2002 Stock Incentive Plan, as amended and restated (or any successor incentive plan thereto), to the extent that the Compensation Committee, in its sole discretion, determines is appropriate. The Compensation Committee will make its determination consistent with the methodology used by the Company for compensating the Executive’s peer executives. Additionally, the Executive shall be entitled to participate in all other incentive plans, whether equity-based or cash-based, applicable generally to his peer executives within the Company.

Appears in 20 contracts

Samples: Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc), Severance Agreement (Carmax Inc)

AutoNDA by SimpleDocs

Long-Term Incentives. During the Term, the Executive shall be eligible to participate in the Company’s 's 2002 Stock Incentive Plan, as amended and restated Plan (or any successor incentive plan thereto), ) to the extent that the Compensation Committee, in its sole discretion, determines is appropriate. The Compensation Committee will make its determination consistent with the methodology used by the Company for compensating the Executive’s its peer executives. Additionally, the Executive shall be entitled to participate in all other incentive plans, whether equity-based equity or cash-cash based, applicable generally to his peer executives within of the Company.

Appears in 1 contract

Samples: Employment Agreement (Carmax Inc)

AutoNDA by SimpleDocs

Long-Term Incentives. During the Term, the Executive shall be eligible to participate in the Company’s 2002 Stock Incentive Plan, as amended and restated (or any successor incentive plan thereto), to the extent that the Compensation Committee, in its sole discretion, determines is appropriate. The Compensation Committee will make its determination consistent with the methodology used by the Company for compensating the Executive’s peer executives. Additionally, the Executive shall be entitled to participate in all other incentive plans, whether equity-based or cash-based, applicable generally to his peer executives within the Company.. 5.4

Appears in 1 contract

Samples: Severance Agreement (Carmax Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!