Long-Term Performance Award. (a) Subject to the terms and conditions of this Agreement, the Participant is hereby awarded a Performance-Based Award under Section 14 of the Plan, which shall entitle the Participant to a payment in cash to the extent that the Company attains specified Performance Goals established by the Committee. The Performance Goals and the Performance Cycle to which they relate are set forth in Exhibit A to this Agreement, which is hereby incorporated herein by reference. The Long-Term Performance Award is subject to forfeiture as more particularly described in Section 2 of this Agreement.
(b) In order for the Participant to be eligible to receive the payment which the Participant may otherwise earn pursuant to the Long-Term Performance Award, the Participant must execute and deliver a copy of this Agreement to the President of the Company at its offices in Bloomfield, Connecticut, within sixty (60) days of the date on which the Participant receives this Agreement. The Participant must execute the signature page of this Agreement and a copy of Exhibit A to this Agreement. In the event that this Agreement is executed by the Company and the Participant prior to the completion of Exhibit A, the Company shall complete Exhibit A within a reasonable time. The Participant shall not be entitled to any payment under this Agreement except in accordance with the Performance Goals and other factors with respect to such payment as shall have been set forth on a copy of Exhibit A that shall have been executed by both the Company and the Participant and attached to this Agreement. Except as provided under Section 2(b) (in the case of death or Disability) or Section 6 (in the case of a Change in Control), no amounts shall be paid under this Agreement except to the extent that the Performance Goals set forth in Exhibit A have been met during the entire Performance Cycle.
Long-Term Performance Award. The Executive shall be eligible to receive an annual award of RSUs valued up to $1,649,000 pursuant to the Company’s Long Term Performance Award (“LTPA”) Program. RSU’s granted under the LTPA Program are eligible to vest based on the Company’s achievements relative to accelerated performance targets set by the Board (or a compensation committee thereof) for a specific performance period. 4.
Long-Term Performance Award. The Management Development and Compensation Committee (“Committee”) of the Board of Directors of General Electric Company (“Company”) approved a Contingent [START DATE]-[END DATE] Long Term Performance Award (“Award”) for [NAME] (“Grantee”), under and subject to the terms of the Company’s 2007 Long Term Incentive Plan (“Plan”). This Award provides a potential payment to the Grantee in [PAYMENT DATE] as described below that, in accordance with the terms of the Award, will be based upon the attainment of certain financial performance goals from [START DATE] through [END DATE] and the Grantee’s annual compensation rate as of [COMPENSATION DATE], each as explained below.
Long-Term Performance Award. The Executive shall be eligible to receive a Long-Term Performance Award under the Executive Cash Bonus Plan, which award shall be granted in accordance with the terms and conditions set forth in such plan. Subject to the terms of the Executive Cash Bonus Plan, the Executive shall be eligible to earn a Long-Term Performance Award of $250,000, which could increase up to 175% of such amount based upon performance for each three-year performance cycle, the first such cycle to commence on January 1, 2000. Provided that the Executive meets the performance criteria set forth in the Long-Term Performance Award, each award shall be payable at the end of each such three-year cycle subject to the terms of the Executive Cash Bonus Plan. Reasonable performance criteria that the Executive must meet to qualify for the Long-Term Performance Award for each performance cycle will be determined under the terms of the Executive Cash Bonus Plan.
Long-Term Performance Award. The Executive shall be eligible to receive an annual equity or equity-based award (which can be in the form of RSUs or such other form as determined by the Board (or an authorized committee thereof) in its sole discretion), in such amount and subject to such terms as determined by the Board (or an authorized committee thereof) in its sole discretion, and subject in all respects to the terms of the 2017 Plan, the Company’s Long Term Performance Award Program and the terms of any equity grant documents thereunder.
Long-Term Performance Award. If the Executive --------------------------- continues in the employ of the Company from the Effective Date through December 31, 2000, then the Executive shall have the opportunity to receive a long-term incentive bonus, payable on the later of March 31, 2001 or 30 days after receipt of the Company's audited financial statement for calendar year 2000, if the Company's performance meets or exceeds certain performance targets established with respect to the three year period of 1998 to 2000. The Executive will receive a bonus equal to $6 million for such period if target performance is achieved, and $12 million if maximum stated levels are achieved. The performance criteria shall be the following four criteria, each having the weighting designated below:
1. Earnings before taxes 30% 2. Cash flow from operations 30%
3. Cash flow relating to non-core assets less restructuring expenses 20%
4. Business development targets (such as market position in core products) 20% Achievement of the corporate objectives shall be determined by the Board or its delegate based on audited financial statements of the Company, except for business development targets, which will be determined by the Board of its delegate. If the objectives are attained at target levels for any component of the formula, the corresponding portion of such bonus shall be payable. At achievement of performance between target and maximum levels of performance, the percentage of Basic Compensation payable shall be determined by mathematical interpolation. The actual performance criteria for the 1998-2000 period shall be as set forth on Appendix A hereto.
Long-Term Performance Award. (a) Subject to the terms and conditions of this Agreement, the Participant is awarded a Long-Term Performance Award which shall entitle the Participant to a payment based upon the performance criteria, Performance Period, payment computation formula and other factors set forth in Exhibit A to this Agreement which is incorporated herein by reference. The Long-Term Performance Award is subject to forfeiture as more particularly described in Section 2 of this Agreement.
(b) In order for the Participant to be eligible to receive the payment which the Participant may otherwise earn pursuant to the Long-Term Performance Award, the Participant must execute and deliver a copy of this Agreement to the President of the Corporation at its offices in Bloomfield, Connecticut within sixty (60) days of the date on which the Participant has received this Agreement. The Participant must execute both the signature page of this Agreement and a copy of Exhibit A to this Agreement. In the event that this Agreement is executed by the Corporation and the Participant prior to the completion of Exhibit A, the Corporation shall complete Exhibit A within a reasonable time. The Participant shall not be entitled to any payment under this Agreement except in accordance with the performance criteria and other factors with respect to such payment as shall have been set forth on a copy of Exhibit A that shall have been executed by both the Corporation and the Participant and attached to this Agreement.
(c) Notwithstanding the acceptance of Exhibit A by the Corporation and the Participant, as evidenced by their execution and attachment hereto of a copy thereof, the performance factors applicable to the Long-Term Performance Award may be adjusted as the Committee deems necessary or appropriate in the manner permitted by and subject to the Plan.
Long-Term Performance Award. The President and Chief Executive --------------------------- Officer shall recommend to the Company's Compensation Committee that Executive be granted three hundred and twenty-five (325) participation units under the Company's 2002 Long-Term Performance Award Plan for the performance period beginning January 1, 2002, at a target value of $700 per participating unit. Any amount earned for 2002 shall not be prorated.
Long-Term Performance Award. The Employee will be eligible to receive a payment under the 2010-12 Long-Term Performance Award Program. The payout will be based on the full 36 month period and the factors set forth in the original performance award granted to the Employee. The award, if any, will be paid after the end of the LTPA program period in accordance with the terms of the Program.
Long-Term Performance Award. The Executive shall be eligible to receive a discretionary annual Long-Term Performance Award (“LTPA”) valued up to $600,000 pursuant to the Company’s LTPA Program, the terms of which shall be governed by the 2017 Plan, including any equity grant documents thereunder. LTPAs are eligible to vest based on the Company’s achievements relative to accelerated performance targets set by the Board (or a compensation committee thereof) for a specific performance period. Once vested, LTPAs are settled in shares of Company common stock and issued in a single installment on or about the anniversary of the grant date provided that the Executive is employed by the Company on such date.
