Long Term Incentives. As recommended and approved in any EOTT Energy Long Term Incentive Plan(s) by the Board of Directors of EOTT Energy Corp.
Long Term Incentives. Employee is eligible to participate in any long term incentive plans as recommended and approved by the Board of Directors of EOTT Energy LLC. Employee's 2003 award under the EOTT Energy LLC Equity Plan is 85,000 LLC units. In the event of Involuntary Termination as a result of Change of Control as defined in Article 3, Section 3.5(ii), accelerated vesting shall occur on the termination date for all unvested units under any award grants.
Long Term Incentives. Employee shall be eligible for:
Examples of Long Term Incentives in a sentence
The Earned Salary, Pro-Rated Annual Incentive, Pro-Rated Long Term Incentives, Retention Bonus and Severance Amount shall be paid in cash in a single lump sum as soon as practicable, but in no event more than 10 days (or at such earlier date required by law), following the Date of Termination.
Nothing in this Agreement shall prevent or limit Employee’s continuing or future participation in any benefit, bonus, incentive or other plan or program provided by the Company and for which Employee may qualify, nor shall anything herein limit or otherwise adversely affect such rights as Employee may have under any Long Term Incentives granted by the Company.
After all payments, benefits and vesting of Long Term Incentives specified under this Section 7(a)(ii) have been paid or performed, this Agreement shall terminate, and the Company shall have no obligations to Employee, Employee’s spouse and dependents or Employee’s legal representatives with respect to this Agreement.
Nothing in this Agreement shall prevent or limit Employee’s continuing or future participation in any benefit, bonus, incentive, or other plan or program provided by the Company and for which Employee may qualify, nor shall anything herein limit or otherwise adversely affect such rights as Employee may have under any Long Term Incentives granted by the Company.
Notwithstanding any provision to the contrary in the plan(s) governing such Long Term Incentives, Employee, as of the date of Employee’s death, shall also become immediately and totally vested in any and all Long Term Incentives granted to Employee by the Company prior to the Date of Termination that have not previously vested in full.
More Definitions of Long Term Incentives
Long Term Incentives has the meaning ascribed to such term in Section 3(c).
Long Term Incentives. As recommended and approved under any EOTT Energy Long Term Incentive Plan(s) and the Enron Corp. Long-Term Incentive Program.
Long Term Incentives means each and all grants made to the Executive under any one or more of the compensation programs established from time to time by the Company or a successor, whether or not approved by the stockholders of the Company, which conditions payment, receipt or lapse of restriction on cash or property on a period of service or achievement of any performance metric or goal over a time period longer than a calendar year. For the avoidance of doubt:
(i) Long Term Incentives excludes Base Compensation, annual bonus, (whether AIP or otherwise) pensions (whether or not qualified) and any amounts paid as or under payroll practices such as vacation and paid time off; and
(ii) Long Term Incentives include each and all awards with a measurement period longer than one year granted under any name or program, including, but not limited to, under the Company’s 2007 Incentive Plan, or any successor, substitute or adjunct thereto, which include, but shall not be limited to, awards under the Performance/Restricted Stock Program, the Total Shareholder Return Program, the Key Employee Performance Plan or the Long Term Performance Plan, whether using a total shareholder return, passage of time, operational goal or other metric.
Long Term Incentives. In accordance with the terms of applicable plan(s) and award agreements for separation related to lack of work, equity awards granted on June 1, 2016 will be treated as follows: Stock Options: Stock Options, to the extent vested, will be exercisable through the date that is one year after the Separation Date, at which time the Stock Options will expire. In accordance with the terms of applicable plan(s) and award agreements for separation related to lack of work, equity awards granted on March 1, 2017, March 1, 2018 and March 1, 2019 will be treated as follows: Stock Options: Stock Options, to the extent vested, will be exercisable through the date that is 90 days after the Separation Date, at which time the Stock Options will expire. Any unvested Options as of the Separation Date will be forfeited on the Separation Date. PSUs:All Performance Share Units are subject to the Restricted Period on the Separation Date and will be forfeited. Earned but Unpaid Salary and Accrued but Unused Vacation: All earned but unpaid salary and outstanding unused accrued but unused vacation in accordance with Employer's applicable vacation policy shall be payable as a lump sum as soon as administratively practical (and in all events within thirty (30) days) following the Separation Date. Outplacement: Executive outplacement and counseling services will be provided according to Employer's XX xxxxxx. Estimated cost is $2,500, which is paid directly to the Company s outplacement partner. The employee may elect to accept cash in lieu of the service provided.
Long Term Incentives. Employee shall be eligible to participate in the Azurix Corp. Stock Plan. Upon finalization of the Plan, Employee shall receive a one million share stock option grant with the stock option strike price equal to the fair market value of the Company. Employee shall vest 25% on each grant date anniversary (4-yr vesting). Employer in its sole discretion may make additional grants during this 5-year period." This Amendment is a Second Amendment to the Employment Agreement, and the parties agree that all other terms, conditions and stipulations contained in the Employment Agreement, and any amendments thereto, shall remain in full force and effect and without any change or modification, except as provided herein.
Long Term Incentives. For each calendar year commencing during the Term, commencing with 2018, you will be granted one or more long-term incentive or other equity award(s) (each, an “LTI Award”) under the Plan on such terms as the Committee may determine (provided that such terms are materially consistent with the terms of long-term incentive awards granted to the Company’s similarly-situated executives generally at such time) and at such time(s) as long-term awards are granted for such calendar year to the Company’s similarly-situated executives generally. The annual, aggregate grant-date target value of your LTI Award(s) (the “LTI Target Value”) shall be no less than two hundred fifty percent (250%) of your total cash compensation (i.e., your Base Salary plus target STI Award) as in effect at the time of grant. The Committee shall determine your LTI Target Value at such time(s) as it determines target long-term awards for similarly-situated executives of the Company, and may increase, but not decrease, your then-effective LTI Target Value in its discretion (provided that (a) to the extent that increases are made during the Initial Term to target long-term incentive awards of the Company’s Section 16 officers generally, you will receive an increase in your then-effective LTI Target Value effective as of the same general time(s) as such target long-term incentive award increases are made with respect to the Company’s Section 16 officers generally, and (b) any such increase in your then-effective LTI Target Value shall be no less favorable than the average percentage increases made to the then-effective target long-term incentive awards of other Company Section 16 officers at such time(s)). Each LTI Award will be subject to the terms and conditions of the Plan and an award agreement, which shall evidence the grant of the LTI Award. Each such award agreement shall be in a form prescribed by the Company and consistent in all material respects with award agreements pursuant to which the Company grants long-term incentive awards to Section 16 officers generally at the time the applicable LTI Award is granted.
Long Term Incentives means the amount earned and payable under the Company’s Executive Incentive Plan.