Common use of LTIPS Clause in Contracts

LTIPS. From time to time during the Term the Executive may be eligible to participate in one or more LTIPs, including the grant of Options pursuant to the Company's 1996 Stock Incentive Plan (if approved by the Company's stockholders) and/or pursuant to similar plans adopted in the future, with option exercise price, vesting criteria and expiration terms under any such stock plan generally consistent with the Company's practice under its 1991 Stock Incentive Plan (unless different terms are mandated under the 1996 Stock Incentive Plan); provided, however, if insufficient numbers of Options are available to provide adequate incentive to other levels of management, alternative arrangements may be made. Awards (if made) under such LTIPs shall be at the discretion of the Compensation Committee and based on appropriate Executive and Company performance criteria and will generally approximate (assuming performance criteria are achieved) 40% to 60% of the Executive's Base Salary.

LTIPS. From time to time during the Term the Executive may be eligible to participate in one or more LTIPs, including the grant of Options pursuant to the Company's 1996 Stock Incentive Plan (if approved by the Company's stockholders) and/or pursuant to similar plans adopted in the future, with option exercise price, vesting criteria and expiration terms under any such stock plan generally consistent with the Company's practice under its 1991 Stock Incentive Plan (unless different terms are mandated under the 1996 Stock Incentive Plan); provided, however, if insufficient numbers of Options are available to provide adequate incentive to other levels of management, alternative arrangements may be made. Awards (if made) under such LTIPs shall be at the discretion of the Compensation Committee and based on appropriate Executive and Company performance criteria and will generally approximate (assuming performance criteria are achieved) 4075% to 60100% of the Executive's Base Salary.