Common use of Outperformance Award Clause in Contracts

Outperformance Award. On the Effective Date, the Company shall grant to the Executive a performance incentive award entitling the Executive to 35% of the “Total Outperformance Pool,” as such term is defined in the Outperformance Award Agreement attached as Exhibit C hereto, subject to the terms and conditions of such award agreement.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Morgans Hotel Group Co.), Plan Award Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

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Outperformance Award. On the Effective Date, the Company shall grant to the Executive a performance incentive award entitling the Executive to 3510% of the “Total Outperformance Pool,” as such term is defined in the Outperformance Award Agreement attached as Exhibit C B hereto, subject to the terms and conditions of such award agreement.

Appears in 2 contracts

Samples: Employment Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

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