Common use of Other Incentive Compensation Clause in Contracts

Other Incentive Compensation. (i) During the Employment Period, the Executive shall be eligible to participate in short-term incentive compensation plans and long-term incentive compensation plans (the latter to consist of plans offering stock options, restricted stock and/or other long-term incentive compensation, as adopted and approved by the Board or the Compensation Committee from time to time).

Appears in 5 contracts

Samples: Employment Agreement (Bank of America Corp /De/), Employment Agreement (Fleet Financial Group Inc), Employment Agreement (Fleet Financial Group Inc)

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Other Incentive Compensation. (i) During the Employment Period, except as otherwise set forth herein, the Executive shall be eligible to not participate in short-term incentive compensation plans and long-term incentive compensation plans (the latter to consist of plans offering stock options, restricted stock and/or other long-term incentive compensation, as adopted and approved by the Board or the Compensation Committee from time to time).

Appears in 2 contracts

Samples: Employment Agreement (Fleetboston Financial Corp), Employment Agreement (Fleetboston Financial Corp)

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