Treatment of Long Term Incentive Awards Sample Clauses

Treatment of Long Term Incentive Awards. This Section 2.3 shall govern the treatment of all Company Equity Awards in connection with the Transactions.
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Treatment of Long Term Incentive Awards. This Section 2.3 shall govern the treatment of such Party’s equity awards in connection with the Transactions.
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Treatment of Long Term Incentive Awards. The treatment of outstanding long-term incentive awards in connection with a termination of employment shall be in accordance with the terms of the Equity Incentive Plan and applicable award agreement. The treatment of the Sign On Equity Grant shall be in accordance with the terms of the Equity Incentive Plan, the Company’s standard form of Equity Incentive Plan restricted stock award agreement, and Annex A to this Agreement.
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Treatment of Long Term Incentive Awards. In the event your employment with the Company terminates, all of the long-term incentive awards granted to you during the term of the Employment Agreement through the date hereof shall be treated in accordance with the respective terms and conditions applicable to such awards, and all of the long-term incentive awards granted to you hereafter but during the term of the Employment Agreement shall be treated in accordance with Section 3.4 and Article 5 of the Employment Agreement and the terms and conditions of such awards, including in either case (whether granted to you before or after the date hereof) the provisions thereof relating to your execution of a “General Release” (as such term is used in the Employment Agreement). In addition and notwithstanding the preceding sentence or anything in the Employment Agreement (including the applicable terms and conditions of long-term incentive awards granted to you thereunder) or this letter agreement to the contrary, in the event of your termination of employment on or following the date hereof, with at least 90 days advance written notice by you to the MMC Board of Directors (the “Board”) in the case of your voluntary termination unless waived by the Board, the Compensation Committee shall promptly make a good faith determination whether you have, to the Compensation Committee’s satisfaction (i) adequately performed your duties to the Company during your tenure, (ii) satisfactorily participated in the identification and/or development of your successor as Chief Executive Officer of the Company and (iii) reasonably assisted in the transition of your duties and responsibilities to such successor. If (A) the Compensation Committee determines that you have satisfied those conditions, (B) a successor Chief Executive Officer of the Company has assumed that position prior to or on your date of termination, unless waived by the Board, and (C) you execute and deliver to the Company a General Release which is not revoked before it becomes irrevocable, then your termination shall be considered a “Qualifying Retirement” and all of your then-outstanding long-term incentive awards shall be treated as follows:
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Treatment of Long Term Incentive Awards. (a) Executive and the Company acknowledge and agree that the Company has previously granted to Executive the following equity, equity-based, and long-term incentive awards (collectively, the “LTIP Awards”) and no others: (i) a nonqualified stock option (an “NQSO”) for 25,000 shares of the Company’s common stock (the “Common Stock”) granted under the Company’s 2011 Stock Incentive Plan (the “2011 Plan”) pursuant to a Nonqualified Stock Option Agreement, dated March 27, 2012 (the “2012 Option Award”); (ii) an NQSO for 6,429 shares of Common Stock granted under the 2011 Plan pursuant to a Nonqualified Stock Option Agreement, dated October 1, 2014; (iii) a performance-contingent restricted stock unit award for 2,815 shares of Common Stock granted under the 2011 Plan pursuant to a Restricted Stock Unit Award Agreement, dated October 1, 2014; (iv) 50,000 cash-settled performance shares (a cash-based long-term incentive award) granted under the 2011 Plan pursuant to a Cash-Settled Performance Share Award Agreement, dated October 1, 2014; (v) a restricted stock award for 2,338 shares of Common Stock granted under the 2011 Plan pursuant to a Restricted Stock Award Agreement, dated October 1, 2014; and (vi) an NQSO for 2,500 shares of Common Stock granted under the 2011 Plan pursuant to a Nonqualified Stock Option Agreement, dated March 11, 2015.
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Treatment of Long Term Incentive Awards. Upon any termination of your employment with the Company entitling you to a Retention Payment pursuant to Paragraph 2 or payments under Paragraph 4 of this Agreement, subject to your (or your estate’s) timely execution and delivery of a Release in accordance with Paragraph 2 or Paragraph 4, as applicable, any service-based forfeiture restrictions included under any long-term incentive awards granted to you under any of the Company’s incentive plans, including without limitation, any awards granted in the form of Performance-Contingent Restricted Stock Units, Performance Units or Stock Options and grants made for 2015 and a pro rata grant for service in 2016, shall lapse and be considered satisfied as of the date of any such termination (the “Lapse of Service-Based Forfeiture Restrictions”).
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Related to Treatment of Long Term Incentive Awards

  • 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 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 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.

  • 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 Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Long-Term Incentive Programs The Executive shall be eligible to participate in the Company's long-term incentive compensation programs (including stock options and stock grants).

  • 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 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 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 Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs (including, without limitation, programs providing for the grant of stock options and other equity-based awards) for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

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