Common use of LTIP Bonus Clause in Contracts

LTIP Bonus. The Company shall also: (i) pay or cause to be paid to Executive an LTIP Bonus equal to the LTIP Target Award for each LTIP Award for which an LTIP Performance Period is in effect as of the Effective Date; and (ii) throughout the Post-Change Period, grant LTIP Awards to Executive as follows: (1) LTIP Awards shall be granted no less frequently than is contemplated by the terms of the LTIP and the Company’s practices thereunder, as such terms and practices are in effect immediately prior to the Effective Date; (2) each such LTIP Award shall provide for the payment of a percentage of Executive’s Base Salary in effect at the beginning of the Performance Period applicable to such LTIP Award that is no less than the average of the Target LTIP Percentages (as defined below) for all of Executive’s LTIP Awards outstanding immediately prior to the Effective Date; and (3) the target performance goals established for each such LTIP Award shall be substantially comparable to the target performance goals under Executive’s LTIP Awards outstanding on the Effective Date;

LTIP Bonus. The Company shall also: (i) pay or cause to be paid to Executive an LTIP Bonus equal to the LTIP Target Award for each LTIP Award for which an LTIP Performance Period is in effect as of the Effective Date; and (ii) throughout the Post-Change Period, grant LTIP Awards to Executive as follows: (1) LTIP Awards shall be granted no less frequently than is contemplated by the terms of the LTIP and the Company’s 's practices thereunder, as such terms and practices are in effect immediately prior to the Effective Date; (2) each such LTIP Award shall provide for the payment of a percentage of Executive’s 's Base Salary in effect at the beginning of the Performance Period applicable to such LTIP Award that is no less than the average of the Target LTIP Percentages (as defined below) for all of Executive’s 's LTIP Awards outstanding immediately prior to the Effective Date; and (3) the target performance goals established for each such LTIP Award shall be substantially comparable to the target performance goals under Executive’s 's LTIP Awards outstanding on the Effective Date;

LTIP Bonus. The Company shall also: (i) pay or cause to be paid to Executive an LTIP Bonus equal to the LTIP Target Award for each LTIP Award for which an LTIP Performance Period is in effect as of the Effective Date; and (ii) throughout the Post-Change Period, grant LTIP Awards to Executive as follows: (1) LTIP Awards shall be granted no less frequently than is contemplated by the terms of the LTIP and the Company’s practices thereunder, as such terms and practices are in effect immediately prior to the Effective Date; (2) each such LTIP Award shall provide for the payment of a percentage of Executive’s Base Salary in effect at the beginning of the Performance Period applicable to such LTIP Award that is no less than the average of the Target LTIP Percentages (as defined below) for all of Executive’s LTIP Awards outstanding immediately prior to the Effective Date; and (3) the target performance goals established for each such LTIP Award shall be substantially comparable to the target performance perfor­mance goals under Executive’s LTIP Awards outstanding on the Effective Date;