Supplemental Long-Term Incentive Award Sample Clauses

Supplemental Long-Term Incentive Award. The parties acknowledge and agree that Executive previously received an award of restricted stock units on a date designated by the Fxxxxx Xxxxxxx AG Board of Directors or its Compensation Committee ("Compensation Committee") during the first open trading window for Section 16 officers subsequent to May 2, 2010 (known as the "Grant Date") with an economic value as of the Grant Date equal to USD $2,500,000. Such award vests ratably on the first, second, and third anniversaries of the Grant Date. Restricted stock units that vest shall be settled by issuance of shares as provided in the grant agreements described above, but in no event later than March 15 of the year following the year in which the restricted stock units vest. For purposes of this Section, the number of restricted stock units granted to the Executive was consistent with the methodology used for valuing restricted stock unit awards granted to employees which was approved and adopted by the Compensation Committee. Such award was granted under the Company's Omnibus Incentive Plan and governed by separate agreements entered into between the Executive and the Company or one of its affiliates, and in the event of any inconsistency between such separate agreements and the terms of the Agreement (including, but not limited to, its Section 4 and this Amendment), the Agreement shall govern and control. For avoidance of doubt, nothing in the preceding sentence shall be construed to limit the application of any provision of such separate agreements that expressly refers to and incorporates a provision of this Agreement.
Sample 1See All (4)
AutoNDA by SimpleDocs
Supplemental Long-Term Incentive Award. The Executive shall receive a long-term incentive award of cash and restricted stock units on a date designated by the Xxxxxx Xxxxxxx AG Board of Directors (“Board”) or its Compensation Committee (“Compensation Committee”) during the first open trading window for Section 16 officers including or subsequent to (as the Board or Compensation Committee shall in its discretion choose) the Effective Date (such date selected by the Board or Compensation Committee, known as the “Grant Date”) with an economic value as of the Grant Date equal to USD 606,000. Such award shall be made twenty percent (20%) in cash and eighty percent (80%) in restricted stock units. The cash award shall fully vest on the Grant Date; the restricted stock units shall vest ratably on the first, second, and third anniversaries of a date selected by the Committee or its designee within the open trading window that includes the Grant Date and fully upon the Executive’s Involuntary Termination or Resignation for Good Reason (as defined in the Omnibus Incentive Plan, but, for the avoidance of doubt, not including the event of the assignment to Switzerland). The cash award shall be paid in one lump sum within 30 days after the Grant Date; restricted stock units that vest shall be settled by issuance of shares as provided in the grant agreements described above, but in no event later than March 15 of the year following the year in which the restricted stock units vest. For purposes of this Section, the number of restricted stock units to be granted to the Executive shall be consistent with the methodology used for valuing restricted stock unit awards granted to employees which has been approved and adopted by the Compensation Committee. Both the cash and the restricted stock units will be granted under the Company’s Omnibus Incentive Plan and governed by separate agreements entered into between the Executive and the Company or one of its affiliates, and in the event of any inconsistency between such separate agreements and the terms of the Agreement (including, but not limited to its Section 4 and this Amendment), the Agreement shall govern and control. For avoidance of doubt, nothing in the preceding sentence shall be construed to limit the application of any provision of such separate agreements that expressly refers to and incorporates a provision of this Agreement.
Sample 1
Supplemental Long-Term Incentive Award. The Executive shall be entitled to a supplemental long-term incentive award provided that the Executive (i) remains in active employment through the end of Initial Assignment Term and (ii) enters into the New Addendum to Employment Agreement no later than June 30, 2012. In such case, the Executive shall receive a supplemental long-term award with an economic value as of the grant date equal to USD 606,000. The award shall be made twenty percent (20%) in cash and eighty percent (80%) in restricted stock units, which units shall vest ratably over a period of three (3) years. The award shall be made within thirty (30) days of signing the New Addendum to Employment Agreement. For purposes of this Section, the number of restricted stock units to be granted to the Executive shall be consistent with the methodology used for valuing restricted stock unit awards granted to employees which has been approved and adopted by the Compensation Committee of the Board. Such award will be granted under the Company’s Omnibus Incentive Plan and governed by separate agreements entered into between the Executive and the Company. The entitlement to such award shall be reflected in the New Addendum to Employment Agreement.
Sample 1
Supplemental Long-Term Incentive Award. The Executive shall be entitled to a supplemental long-term incentive award provided that the Executive (i) remains in active employment through the end of Initial Assignment Term and (ii) enters into the New Addendum to Employment Agreement no later than June 30, 2012. In such case, the Executive shall receive an award of restricted stock units within thirty (30) days of signing the New Addendum to Employment Agreement with an economic value as of the grant date equal to USD 2,500,000. Such award shall vest ratably over a period of three (3) years. For purposes of this Section, the number of restricted stock units to be granted to the Executive shall be consistent with the methodology used for valuing restricted stock unit awards granted to employees which has been approved and adopted by the Compensation Committee of the Board. Such award will be granted under the Company’s Omnibus Incentive Plan and governed by separate agreements entered into between the Executive and the Company. The entitlement to such award shall be reflected in the New Addendum to Employment Agreement.
Sample 1
Supplemental Long-Term Incentive Award. The parties acknowledge and agree that Executive previously received a long-term incentive award of cash and restricted stock units on a date designated by the Xxxxxx Xxxxxxx AG Board of Directors or its Compensation Committee (“Compensation Committee”) during the first open trading window for Section 16 officers subsequent to May 25, 2010 (known as the “Grant Date”) with an economic value as of the Grant Date equal to USD $606,000. Such award was made twenty percent (20%) in cash and eighty percent (80%) in restricted units. The cash award fully vested on the Grant Date; the restricted stock units vest ratably on the first, second, and third anniversaries of a date selected by the Committee or its designee within the open trading window that includes the Grant Date and fully upon the Executive’s Involuntary Termination or Resignation for Good Reason (as defined in the Omnibus Incentive Plan, but, for the avoidance of doubt, not including the event of the assignment to Switzerland or England). The cash award was paid in one lump sum within thirty (30) days after the Grant Date; restricted stock units that vest shall be settled by issuance of shares as provided in the grant agreements described above, but in no event later than March 15 of the year following the year in which the restricted stock units vest. For purposes of this Section, the number of restricted stock units granted to the Executive was consistent with the methodology used for valuing restricted stock unit awards granted to employees which was approved and adopted by the Compensation Committee. Such award was granted under the Company’s Omnibus Incentive Plan and governed by separate agreements entered into between the Executive and the Company or one of its affiliates, and in the event of any inconsistency between such separate agreements and the terms of the Agreement (including, but not limited to, its Section 4 and this Amendment), the Agreement shall govern and control. For avoidance of doubt, nothing in the preceding sentence shall be construed to limit the application of any provision of such separate agreements that expressly refers to and incorporates a provision of this Agreement.
Sample 1

Related to Supplemental Long-Term Incentive Award

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • 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.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Incentive Bonus Plan Employee shall be eligible for a bonus opportunity of up to 65% of his annual base salary in accordance with the Company’s Incentive Bonus Plan as modified from time to time, payable in cash and/or equity of the Company (at the Company’s discretion). The bonus payment and the Company’s targeted performance shall be determined and approved by the Board or the compensation committee thereof.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!