Stock Incentive Compensation Sample Clauses

Stock Incentive Compensation. The Company agrees to grant the Employee a number of shares of the Company’s restricted Class B Common Stock equal to one half of one percent (.5%) of the Company’s currently issued and outstanding shares of capital stock (after adjustment for a forthcoming recapitalization), subject to the terms of the Company’s Stock Option and Incentive Plan (the “Plan”). Provided that the Employee shall remain employed by the Company on such dates, the restrictions on such shares shall lapse in equal installments as to one-third of the shares included in such grant, as follows: (i) one hundred eighty (180) days following consummation of an initial public offering of the Company with a pre-money valuation of not less than one hundred fifty million Dollars ($150,000,000), following which the Company’s Class B Common Stock is listed on a national securities exchange or quoted on the Nasdaq Stock Market (a “Qualified IPO”); (ii) on the first anniversary of the closing of such initial public offering; and (iii) on the second anniversary of the closing of such initial public offering. The restricted shares whose restrictions lapse pursuant to clause (i) of this Section 6(b) shall be referred to as the “First Tranche Shares.” Notwithstanding the above, in the event that a Qualified IPO is consummated during the Term, then the above restrictions, if still in effect, shall immediately lapse upon expiration of the Term (but not upon termination of this Agreement under circumstances other than expiration of the term, except as provided below). The grant of shares pursuant to this clause (b) shall be the same grant, and shall satisfy in full the Company’s obligations in respect of, the grant of restricted shares of the Company referred to in the second paragraph of that certain letter (the “Letter”), dated September 30, 2005, from IDT Corporation to the Employee regarding the terms of the Employee’s employment by the Company, which grant was to take place after acceptance of the Letter by the Employee.
Sample 1
Stock Incentive Compensation. Mr. Xxxxx xhall be entitled to the stock incentive compensation set forth on Exhibit A.
Sample 1Sample 2
Stock Incentive Compensation. Executive shall participate in the Company’s 2007 Stock Incentive Plan (the “Plan”) on the terms and in an amount determined by the Board in the Board’s sole discretion. Any such participation, including any previous grants of stock options under the Plan, shall be, at all times, governed by the applicable terms and requirements of the Plan and subject to all laws, rules, regulations and approvals in any applicable jurisdiction including, but not limited to, the United States and the People’s Republic of China.
Sample 1

Related to Stock Incentive Compensation

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Compensation Program In order to enhance consistency in sales efforts for products offered inside and outside of Covered California, Contractor shall consider information provided by Covered California regarding sales commissions in order to credit the Agent’s sale of QDPs through Covered California for Small Business to the Agent’s sale of Contractor’s policies outside Covered California for purposes of determining Agent’s aggregate sales that shall be used by Contractor to determine incentive or other compensation payable by Contractor to Agent. Contractor shall provide information as may reasonably be required by Covered California from time to time to monitor Contractor’s compliance with the requirements set forth in this section.

  • Incentive Compensation During the Term, Executive shall be eligible to receive cash incentive compensation as determined by the Board or the Committee, in its sole discretion, from time to time. For the Company’s 2017 fiscal year, Executive’s target annual incentive compensation shall be 45% of Executive’s Base Salary, and will be awarded based on the objective and/or subjective criteria established and approved by the Board or the Committee, as applicable. The Board or Committee shall have the sole discretion to determine whether Executive has earned any bonus and, if so, the amount of such bonus.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Stock Incentives Executive shall be entitled to such vesting or other benefits as are provided by the award agreement pertaining thereto.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Stock Incentive Plan Executive shall be eligible for awards under the Employer’s Stock Incentive Plan. The type, timing and size of awards will be at the discretion of the Board of Directors.