Long-Term Plan definition
Examples of Long-Term Plan in a sentence
The Chairman and Chief Executive Officer of the Company shall recommend to the HRC, with respect to any period for which Performance Goals (as defined in the Long-Term Plan) relating to such Type II stock options and deferred cash incentive awards are achieved, that the right to exercise the maximum possible number of Type II stock options be accelerated and that the maximum possible deferred cash incentive award be earned and payable to the Executive upon such exercise.
The amount of any incentive under the Long-Term Plan shall be determined by Employer's boards of directors in a manner consistent with the terms and practices of the Long-Term Plan.
In the event of a change in control, as defined in the 2004 Plan, any award under the Long-Term Plan and any Award Opportunity under the Short-Term Plan shall be distributed or paid in accordance with the respective provisions of such plans.
Except as provided in the Long-Term Plan, no adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property) or distributions or other rights for which the record date is prior to an Issuance Date for such Retirement Stock, and all adjustments to the Retirement Stock by reason of a stock dividend, merger, consolidation or otherwise shall be made in accordance with the terms of the Long-Term Plan.
All Type II stock options and related deferred cash incentive awards granted after February 1, 1998 under the Long-Term Plan shall not terminate or be forfeited, as the case may be, but shall remain outstanding and exercisable or payable, as the case may be, as if Executive remained employed by the Company.