Ownership Guidelines. The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold the number of Open Text shares or share equivalents recommended for so long as they are Covered Executives.
Appears in 7 contracts
Samples: Employment Agreement (Open Text Corp), Employment Agreement (Open Text Corp), Employment Agreement (Open Text Corp)
Ownership Guidelines. The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold the such number of Open Text common shares or share equivalents recommended for so long as they are Covered Executives.
Appears in 7 contracts
Samples: Employment Agreement (Open Text Corp), Employment Agreement (Open Text Corp), Employment Agreement (Open Text Corp)
Ownership Guidelines. The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications qualification as a Covered Executive, and (ii) hold the number of Open Text OPEN TEXT shares or share equivalents recommended for so long as they are Covered Executives.
Appears in 4 contracts
Samples: Executive Employment Agreement (Open Text Corp), Employment Agreement (Open Text Corp), Executive Employment Agreement (Open Text Corp)
Ownership Guidelines. The Board recommends that the Covered Executives (i) achieve the equity ownership levels within five (5) years of the date of the establishment of these Guidelines (i.e., by October 1, 2014) or, for an executive who becomes a Covered Executive after the date of these Guidelines were adopted, within five (5) years after the date of his/her qualifications as a Covered Executive, and (ii) hold the number of Open Text shares or share equivalents recommended for so long as they are Covered Executives.
Appears in 1 contract
