Long-Term Incentive Awards definition
Long-Term Incentive Awards means all grants of equity-based compensation awarded to Employee under the Company’s Long-Term Incentive Plan, other than Incentive Bonuses, together with amounts under the Long-Term Incentive Plan that Employee elects to contribute to the insurance plan of the Company, or any successor plan.
Long-Term Incentive Awards means equity-based compensation awards under the Company’s equity incentive plan(s).
Long-Term Incentive Awards means all stock options, restricted stock, restricted stock units and such other long-term incentive awards granted pursuant to the Corporation’s equity incentive award plans, long-term incentive award plans or agreements and any shares of stock issued upon exercise thereof. For purposes of this Agreement, “Performance Awards” means any Long-Term Incentive Awards granted pursuant to the Corporation’s performance-based compensation plan or pursuant to any plan or agreement that Executive has entered into with the Corporation providing the payment, vesting or settlement of which is based upon the Executive’s or the Corporation’s performance.
Examples of Long-Term Incentive Awards in a sentence
In addition, the Executive’s unvested Qualifying Long-Term Incentive Awards shall vest in accordance with and to the extent provided in the Vesting Provisions.
Notwithstanding anything to the contrary herein, it is expressly understood and agreed that the terms and conditions of any Long-Term Incentive Awards shall continue to be governed by the applicable Long-Term Incentive Award Agreements and shall not be affected by this Release.
Any such Long-Term Incentive Awards shall be governed by separate grant agreements.
The Compensation Committee and/or the Chairman and CEO shall review the grant date value of Executive’s Long-Term Incentive Awards in good faith from time to time in accordance with the Company’s customary procedures and practices regarding the long-term incentive awards of senior executives, and may adjust the grant date value of future Long-Term Incentive Awards to Executive following such review.
In addition, the Executive's unvested Qualifying Long-Term Incentive Awards shall vest in accordance with and to the extent provided in the Vesting Provisions.
More Definitions of Long-Term Incentive Awards
Long-Term Incentive Awards means any grant of long-term incentive awards, including, but not limited to, long-term cash plans, stock options, restricted stock and restricted stock units, and other equity-based awards made to any Participant. “Participant” means any employee who satisfies the eligibility requirements of Section 3.
Long-Term Incentive Awards shall have the meaning as provided in the Long Term Incentive Plan.
Long-Term Incentive Awards shall be governed by the terms and conditions of the applicable individual award agreements or deferral agreements and the Celanese Corporation 2008 Deferred Compensation Plan, the 2004 Stock Incentive Plan or the 2004 Deferred Compensation Plan, as amended (collectively, the “Long-Term Incentive Award Agreements”), and shall not be governed by this Agreement.
Long-Term Incentive Awards or “LTIPS.” Any Long Term Incentive Awards will vest as determined by the Committee, including with respect to any performance-based conditions applicable to vesting, in its sole and absolute discretion, and will be subject to the terms and conditions of the Company’s 2006 Equity and Incentive Plan (restated as of February 27, 2014) and any amended or successor plan thereto (the “Equity Plan”) and the applicable agreement evidencing such award as determined by the Committee. As promptly as reasonably possible following the Effective Date, the Executive will be awarded, subject to Committee approval, the following equity awards constituting his Long Term Incentive Awards for the 2017 fiscal year: (i) a time-based restricted stock unit (“RSU”) grant (“2017 Annual RSU Grant”), with the number of such units determined by dividing a grant value of $2,500,000 by the closing market price of the Company’s common stock on the date of grant, which shall vest in equal 25% increments annually, subject to the Executive’s continued employment with the Company through the respective vesting dates and such other terms and conditions as set forth in the agreement evidencing the 2017 Annual RSU Grant; (ii) a sign-on time-based RSU grant (“Sign-On RSU Grant”), with the number of such units determined by dividing a grant value of $750,000 by the closing market price of the Company’s common stock on the date of grant, which shall vest in equal 50% increments on the first and second anniversaries of the date of the grant, subject to the Executive’s continued employment with the Company through the respect vesting dates and such other terms and conditions as set forth in the agreement evidencing the Sign-On RSU Grant; and (iii) an LTIP modifier award consisting of performance-vested RSUs, with the number of such units determined by dividing an amount equal to 50% of the grant value of his 2017 Annual RSU Grant by the closing market price of the Company’s stock on the date of grant, the vesting of which will be subject to attainment by the Company over the specified performance period of performance goals established and certified by the Committee in its sole discretion, the Executive’s continued employment with the Company through the vesting dates and such other terms and conditions as set forth in the agreement evidencing the LTIP modifier award. Each such award will be subject to the terms and conditions of the Equity Plan and the applicable agreement evidencing such award as...
Long-Term Incentive Awards. Any Long Term Incentive Awards shall vest as determined by the Committee, including with respect to any performance-based conditions applicable to vesting, in its sole and absolute discretion, and shall be subject to the terms and conditions of the Company’s 2006 Equity and Incentive Plan (Amended and Restated as of May 12, 2009) (the “Equity Plan”), a copy of which is publicly available as an exhibit to the Company’s periodic filings with the Securities and Exchange Commission, and the applicable agreement evidencing such award as determined by the Committee.
Long-Term Incentive Awards or “LTIPS.” Any Long Term Incentive Awards will vest as determined by the Committee, including with respect to any performance-based conditions applicable to vesting, in its sole and absolute discretion, and will be subject to the terms and conditions of the Company’s 2006 Equity and Incentive Plan (restated as of February 27, 2014) and any amended or successor plan thereto (the “Equity Plan”) and the applicable agreement evidencing such award as determined by the Committee. On or promptly after August 4, 2017, the Executive will be awarded, subject to Committee approval, time-based restricted stock units (“▇▇▇▇ ▇▇▇ Annual Grant”), with the number of such units determined by dividing a grant value of no less than $3,500,000.00 by the closing market price of the Company’s common stock on the date of grant, which shall vest in equal 25% increments annually, subject to the Executive’s continued employment with the Company through the respective vesting dates and other terms and conditions as set forth in the Award Agreement – Restricted Stock Units, evidencing the 2017 Annual RSU Grant (“Award Agreement”). Such award will be subject to the terms and conditions of the Equity Plan and the Award Agreement evidencing such award as determined by the Committee. In the event the Transaction is completed, the ▇▇▇▇ ▇▇▇ Annual Grant will vest in accordance with any vesting terms relating to the Transaction that may be approved by the Board Compensation Committee on August 2, 2017, based upon a recommendation from senior management of the Company.
Long-Term Incentive Awards means, collectively, Stock Options, Time-Based Restricted Stock and Performance-Based Restricted Stock issued on or after March 1, 2006.