Stock Options and Other Long-Term Incentives. The Executive has been granted incentive stock options, nonstatutory stock options, and shares of restricted stock pursuant to the terms of the Corporation's 1995 Stock Incentive Plan. During the remaining term of the Agreement, any additional stock options, restricted stock or other awards under the 1995 Stock Incentive Plan shall be at the discretion of the Compensation Committee of the Corporation's Board.
Stock Options and Other Long-Term Incentives. You will be eligible to receive awards under stock option, restricted stock or other equity-based long-term incentive plans established by the Company (or an Affiliate) that cover executive officers of the Company. The term “Affiliate” means any corporation, partnership, limited liability company or other entity (other than the Company) that controls or is controlled by the Company, whether directly or indirectly, such as a parent company or subsidiary. All equity awards described in this paragraph are determined at the Company’s sole discretion, and the Company has the sole discretion to modify or terminate any stock option, restricted stock or other equity-based long-term incentive plan and that plan will govern your rights, if any, relating to any equity award(s) you have received, or may be entitled to receive, upon termination of your employment.
Stock Options and Other Long-Term Incentives. You will be eligible to receive awards under stock option, restricted stock or other equity-based long-term incentive plans established by the Company (or an Affiliate) that cover executive officers of the Company. The term “Affiliate” means any corporation, partnership, limited liability company or other entity (other than the Company) that controls or is controlled by the Company, whether directly or indirectly, such as a parent company or subsidiary.
Stock Options and Other Long-Term Incentives. During the term of the Agreement, any stock options, restricted stock or other awards granted under the 2005 Long-Term Incentive Plan shall be at the discretion of the Compensation Committee of the Corporation’s Board.
Stock Options and Other Long-Term Incentives. During the Term of the Agreement, any stock options, restricted stock or other awards granted under the 2005 Long-Term Incentive Plan, or any other equity compensation plan adopted by the Corporation, shall be at the discretion of the Compensation Committee. Notwithstanding the foregoing, the Executive will be eligible to receive long-term incentive equity grants with an annual target value of $3,300,000, adjusted for the Effective Date, subject to the terms and conditions as determined by the Compensation Committee. In addition, within an administratively reasonable period of time following the Effective Date, the Corporation shall grant restricted stock units to Executive with a value of $1 million (rounded to the nearest whole share) (the “Initial RSUs”). The Initial RSUs shall be subject to performance criteria as determined by the Board or Compensation Committee (the “Initial Performance Criteria”), and shall also be subject to a requirement of continued employment, which requirements shall be satisfied in substantially equal installments on each of the first, second, and third anniversaries of the Effective Date hereof (as modified by Sections 5, 6 or 7 below). The Initial Performance Criteria shall be determined by the Board or the Compensation Committee in its sole discretion after consultation with the Executive in the first ninety (90) days after the Effective Date. Each vested portion of the Initial RSUs shall be further deferred until after the Executive is no longer employed with the Corporation, subject to terms and conditions to conform with applicable law, including but not limited to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”).
Stock Options and Other Long-Term Incentives. The Executive has been granted nonstatutory stock options, shares of restricted stock, deferred stock units and performance shares pursuant to the terms of the Corporation’s 2005 Long-Term Incentive Plan as amended from time to time and any subsequent plans (the “LTIP”). During the Term of the Agreement, any additional stock options, restricted stock or other awards under the Plan or as it may be amended, replaced or augmented, shall be at the discretion of the Corporation’s Compensation Committee (or the Corporation’s Board if required by any rule or regulation).
Stock Options and Other Long-Term Incentives. During the Term, any stock options, restricted stock or other awards under the Corporation’s 2005 Long-Term Incentive Plan shall be at the discretion of the Compensation Committee of the Corporation’s Board; provided, however, that the target Long-Term Incentive Range shall be between 25% and 70% of the Executive’s Base Salary and Performance Bonus.
Stock Options and Other Long-Term Incentives. The Executive shall participate in the Corporation's 1995 Stock Incentive Plan commencing after one year of employment. Any allocations of stock options and restricted stock shall be at the discretion of the Compensation Committee of the Corporation's Board and subject to normal terms and conditions. At the end of the Executive's first year of employment, Management shall recommend an initial grant of 7,500 shares of restricted stock and options for 37,500 shares of stock, all to vest over a five (5) year period.
Stock Options and Other Long-Term Incentives. (a) The stock option of 100,000 shares of common stock of the Company granted to the Executive under the terms of the Old Employment Agreement shall continue to vest in 3 equal installments with the final installment vesting on June 30, 1998.
Stock Options and Other Long-Term Incentives. Assuming satisfactory performance of the Executive's duties hereunder, management of the Corporation intends to recommend to the Compensation Committee of the Corporation's Board that the Executive's participation in the Corporation's 1995 Stock Incentive Plan commence at the end of calendar year 2003. Any allocations of stock options, restricted stock or other awards under the 1995 Stock Incentive Plan shall be at the discretion of the Compensation Committee of the Corporation's Board.
