Examples of Company Incentive Plan in a sentence
Ownership and management of any oil and gas interests (of whatever kind and whether owned directly, through partnership interest or otherwise) that are owned as of the Effective Date; inherited in the future; received under any Company Incentive Plan or received under any incentive plan from a Xxxxxxxx Entity or any entity owned or controlled by Xxxxxxx X.
Upon the vesting of any Equity Compensation awarded to the Executive under this Attachment “A”, as of the date of such vesting and subject to the terms of any applicable Company Incentive Plan, the Company shall deliver such Equity Compensation to the Executive, and the same shall be freely transferable and non-forfeitable, and the Executive shall be entitled to all rights, preferences and dividends as may be appurtenant to or otherwise payable by the Company thereon.
The terms of the Bonus Plan, any Company Incentive Plan and the terms of any awards made under any of them will be established by the Compensation Committee; provided, however, at a minimum, Executive is eligible for the bonus compensation and Equity Compensation specified in this Agreement and Attachment “A” attached hereto.
Such new incentive stock option plan or amended Company Incentive Plan shall be assumed by Parent at the Effective Time.
In furtherance of the foregoing, Parent agrees to assume at the Effective Time all the obligations of the Company under the Company Incentive Plan, including, without limitation, the outstanding Company Stock Options and the obligation to issue the number of shares of Parent Common Stock set forth on Schedule 1.7(a) upon the exercise of the Company Stock Options.