Stock-Based Incentive Compensation. The Executive shall be eligible to participate in the Company’s stock-based incentive compensation plan pursuant to its terms (“Stock-Based Incentive Payment”).
Stock-Based Incentive Compensation. Subject to the approval of the Board of Directors, the Executive shall be eligible for an annual award under a Bowater stock-based incentive program, as modified from time to time, and for so long as such program continues.
Stock-Based Incentive Compensation. Each year while the Executive is employed pursuant to this Agreement, he shall be considered for an award of one or more stock options and/or other stock-based awards (“Stock-Based Awards”) under the Corporation’s Amended and Restated Omnibus Incentive Plan and any successor or substitute for such plan (the “Omnibus Incentive Plan”) by the Committee at such time as awards are granted to other senior executives of the Corporation. It is expected, if the Executive is then employed by the Corporation, that the Committee will grant to the Executive Stock-Based Awards under the Omnibus Incentive Plan having a value at the date of grant, at target, equal to 100% of the Corporation Salary earned by the Executive for the preceding calendar year, which value shall be determined utilizing the same methodology (and the same assumptions applied to such methodology) that is used for grants of stock options or other stock-based awards granted at such time to other senior executives of the Corporation. The Executive may be awarded Stock-Based Awards having a lesser or great value. The Stock-Based Awards will be made in the form of stock options, restricted stock, performance shares or other forms of award permitted under the Omnibus Incentive Plan, and, except as provided below, the mix and terms and conditions of which shall be the same as the awards made at such time to the other senior officers of the Corporation. Each option granted pursuant to the provisions hereof shall have an option term of 10 years (or such other period applicable to stock options granted at such time to the other senior officers of the Corporation) and may be subject to a vesting schedule, provided: (i) vesting will continue following an Involuntary Termination at any time, (ii) such option to the extent outstanding and unexercisable shall become fully vested and exercisable upon the death or disability of the Executive, (iii) other than as provided in the following subparts (iv) and (v) of this subsection, all such options which have vested at the time of termination of employment shall remain exercisable for one year following such termination (but not beyond the expiration of the option’s term), and any such options that become vested after Involuntary Termination shall be exercisable for one year following the date such options vest (but not beyond the expiration of an option’s term), (iv) such option to the extent outstanding and unexercisable shall become fully exercisable upon a Change i...
Stock-Based Incentive Compensation. In accordance with the Merger Agreement, to the extent pre-established performance goals under the LTIP (as defined in Section 5.2(f) of the TCG Disclosure Schedule to the Merger Agreement)(the "TCG LTIP") are satisfied, Executive will receive an award under the TCG LTIP on or before March 15, 2014. Commencing in 2015, each calendar year while the Executive is employed pursuant to this Agreement, he shall be considered for an award of stock options and/or other stock-based awards ("Stock-Based Awards") under the Corporation's Amended and Restated Omnibus Incentive Plan and any successor or substitute for such plan (the "Omnibus Incentive Plan") by the Committee at such time as awards are granted to other senior executives of the Bank. Executive's annual target grant date value for Stock-Based Awards under the Omnibus Incentive Plan shall be 125% of the Base Salary earned by the Executive for the preceding calendar year, although Executive's actual Stock-Based Awards, if any, shall be determined by the Committee or Board of Directors utilizing the same methodology that is used for grants of annual Stock-Based Awards granted at such time to other senior executives of the Bank. The Stock-Based Awards will be made in the form of stock options, restricted stock, performance shares or other forms of award permitted under the Omnibus Incentive Plan, and the mix and terms and conditions of which shall be no less favorable than the awards made at such time to the other senior executives of the Bank or Corporation.
Stock-Based Incentive Compensation. The Executive shall be eligible to participate in the Corporation’s stock-based incentive compensation plan or plans pursuant to the terms and conditions of such plan or plans. The Corporation may, in its sole discretion, grant stock options and/or make other stock-based awards to the Executive. Any such stock-based incentive compensation made to the Executive shall include the following provision: notwithstanding any provisions to the contrary in this Agreement or any other agreement or plan, if the Corporation consummates a Change of Control (as defined herein), any and all stock options, stock appreciation rights, restricted stock awards, and similar equity and equity-based awards granted by the Corporation to the Executive that are then-outstanding but unvested shall become fully vested and exercisable immediately prior to and subject to the consummation of the Change of Control.
Stock-Based Incentive Compensation. Notwithstanding any other provision of this Agreement to the contrary, Citigroup, TAP and the TAP Subsidiaries, as applicable, acknowledge that certain employees employed by TAP and the TAP Subsidiaries, including subsidiaries of subsidiaries, or successors in interest thereof, or a Departing Member, collectively referred to hereafter as "Employers" and each individually referred to as an "Employer," are or may be participants in the Citigroup Capital Accumulation Plan, the Citigroup Employee Incentive Plan, the Citigroup Employee Stock Purchase Plan, the Citigroup Group Stock Option Plan, or predecessor, successor or similar plans or arrangements using the stock of Citigroup ("Plan"), and that some portion of the employee compensation deductible by the Employer arises from the provisions of the Code. To the extent that such Employer recognizes a compensation expense deduction on a Tax Return ("Full Tax Expense") which differs from the compensation expense charged to such Employer's financial accounting income statement ("Book Expense"), such difference hereafter referred to as "Compensation Expense Differential," the Employer shall pay to Citigroup, if the Full Tax Expense exceeds the Book Expense, or Citigroup shall pay to the Employer, in the year that the Full Tax Expense is recognized, if the Book Expense exceeds the Full Tax Expense, an amount equal to the Marginal Tax Benefit realized by the TAP Subgroup member pursuant to paragraph 1(s) herein (see Exhibit II). The parties hereto jointly acknowledge that the liability arising under this paragraph 11 shall be continuing and ongoing for all subsequent taxable periods, including TAP Subgroup Tax Returns filed for post Citigroup Affiliated Group periods, and each such liability for each period covered herein shall survive any subsequent transaction, unless such liability shall be extinguished, with specificity, in an agreement subsequent to the effective date hereof.
Stock-Based Incentive Compensation. In connection with this Agreement, the Company will grant the Executive 100,000 stock options exercisable for shares of common stock of the Company and 40,000 shares of restricted stock of the Company. At the Board’s discretion, the Executive shall be eligible to participate in the Company’s stock-based incentive compensation plan pursuant to its terms.
Stock-Based Incentive Compensation. Each calendar year while the Executive is employed pursuant to this Agreement, he shall be considered for an award of stock options and/or other stock-based awards (“Stock-Based Awards”) under the Corporation’s Amended and Restated Omnibus Incentive Plan and any successor or substitute for such plan (the “Omnibus Incentive Plan”) by the Committee at such time as awards are granted to other senior executives of the Bank. Executive’s annual target grant date value for Stock-Based Awards under the Omnibus Incentive Plan for awards made in years 2018, 2019 and 2020 shall be $360,000, although Executive’s actual Stock-Based Awards made in such years, if any, shall be determined by the Committee or Board of Directors utilizing the same methodology that is used for grants of annual Stock-Based Awards granted at such time to other senior executives of the Bank. Executive’s annual target grant date value for Stock-Based Awards under the Omnibus Incentive Plan for awards made after 2020, and the actual awards made after 2020, if any, shall be in the sole discretion of the Committee. The Stock-Based Awards will be made in the form of stock options, restricted stock, performance shares or other forms of award permitted under the Omnibus Incentive Plan, and the mix and terms and conditions of which shall be no less favorable than the awards made at such time to the other senior executives of the Bank or Corporation.
Stock-Based Incentive Compensation. Subject to the approval of the Board of Directors, the Executive shall be awarded a stock option grant relating to 50,000 shares, subject to the terms and conditions of the Corporation's 2000 Stock Option Plan and the regular Non-Qualified Stock Option Agreement. Starting in the year 2002, the Executive shall be eligible for an annual award under a Bowater stock-based incentive program, as modified from time to time, and for so long as such program continues.
Stock-Based Incentive Compensation. At the Board’s discretion, the Executive shall be eligible to participate in the Company’s stock-based incentive compensation plan pursuant to its terms. In connection with this Amended and Restated Employment Agreement, the Executive shall receive a grant of 100,000 shares of restricted stock with terms to be set forth in the form of award agreement, including terms relating to three-year cliff vesting.
