Long Term Incentive Grant Clause Samples
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Long Term Incentive Grant. At the first meeting of the Board following the Start Date, the Company will also recommend that Executive be granted additional equity awards having an intended aggregate grant date value of $500,000 (the “LTIP Grant”), computed using the Black Scholes valuation model, subject to Employee’s continued employment through the grant date. The amount of the LTIP G▇▇▇▇ will be prorated to 75% for 2023. The LTIP Grant will consist of 50% in stock options and 50% in restricted stock units. The LTIP For each such award, the Company will recommend that the shares subject to the LTIP G▇▇▇▇ will vest over a four-year period, with 25% of such shares vesting annually over the next four years. Stock options subject to the LTIP G▇▇▇▇ will have a per share exercise price equal to the fair market value of a share of the Company’s common stock on the date of grant, as determined by the Board. All other terms applicable to LTIP G▇▇▇▇ will be subject to the terms, definitions and provisions of the Company’s 2021 Equity Incentive Plan and form of stock option agreement and restricted stock unit agreement by and between Executive and the Parent, which documents are incorporated herein by reference.
Long Term Incentive Grant. In exchange for Executive agreeing to be bound by this Agreement, F▇▇▇▇▇▇ Mac further agrees to provide Executive with a long-term incentive grant as approved by the Human Resources Committee of the F▇▇▇▇▇▇ Mac Board of Directors on March 2, 2001. Executive’s failure to execute and return this Agreement to F▇▇▇▇▇▇ Mac on or before March 30, 2001, will result in Executive’s ineligibility for such long-term incentive grant otherwise provided pursuant to this Paragraph V(B).
Long Term Incentive Grant. Executive will receive a 2006 long-term incentive grant pursuant to the terms that the Compensation and Human Resources Committee of the F▇▇▇▇▇▇ Mac Board of Directors approved on or about March 3, 2006; and/or
Long Term Incentive Grant. During the term of this Agreement, Employee shall be eligible to receive equity or equity-based awards under the Company’s 2021 Equity Incentive Compensation Plan, as may be amended from time to time, and any successor plan (the “LTIP”). The Company reserves the right to unilaterally decide on any changes to, or cessation of, the LTIP.
Long Term Incentive Grant. On June 16, 2017, the Executive was granted 45,845 shares of restricted stock as long term incentives from the Company pursuant to the WideOpenWest, Inc. 2017 Omnibus Incentive Plan and a Restricted Stock Grant Agreement by and between the Executive and Company, dated as of June 16, 2017 (the “Long Term Incentive Grant”). Subject to Section 2(f), Section 2(g), Section 2(h) and continued compliance with Section 1(c), 15,281 shares of the restricted stock received pursuant to the Long Term Incentive Grant shall vest in full on June 30, 2018. As of the Separation Date, the remaining 30,564 shares of the restricted stock received pursuant to the Long Term Incentive Grant shall be unvested and shall be automatically forfeit and be cancelled for no value as of the Separation Date.
Long Term Incentive Grant. In lieu of any provision of the Amended Agreement, for the three calendar year period 2007 through 2009, the Executive shall be awarded a long-term incentive grant in restricted stock equal to 51,932 shares of SBI common stock.3 The specific terms of the award (including reasonable performance goals and provision for cliff vesting on the third anniversary of the date of grant, subject to acceleration of vesting as provided herein) under this paragraph shall be consistent with terms of a plan or program to be adopted by SBI’s Board of Directors in 2006 and implemented in 2007.
Long Term Incentive Grant. For each calendar year during the Employment Period, Employee shall be eligible to participate in any annual long-term incentive program instituted by Company for its senior executives on similar terms and values applicable to similarly situated executives (but with a target aggregate grant-date fair value no less than One Millions Dollars $1,000,000, commencing with Company’s 2025 fiscal year) holding the same level of executive seniority and responsibility and consistent with prior grants made to Employee, with the actual grant subject to approval by the Board or its Compensation Committee, as applicable, in the same manner as approval for such similarly situated executives. Notwithstanding the generality of the foregoing, the Board (or its Compensation Committee) shall determine in its sole discretion whether to grant an annual award to Employee. For the avoidance of doubt, for the purpose of any such long-term incentive program and any long-term incentive award held by Employee, the terms “Cause”, “Disability” and “Good Reason” (or any analogous term) shall have the definitions set forth in this Agreement with respect to Employee.
Long Term Incentive Grant. As additional consideration for entering into this Agreement, Company shall recommend to the Board of Directors or the Compensation Committee of iHM, Inc., as applicable (collectively the “Board”) that Employee be awarded a one-time Long Term Incentive Grant of 20,000 units, allocated as follows: (i) 5,000 restricted stock units and (ii) 15,000 options to acquire shares of the Company’s Class A Common Stock of iHeartMedia, Inc. (“iHM, Inc.”), pursuant to the iHM, Inc. 2019 Incentive Equity Plan (the “Plan”), and applicable award agreement, subject to approval by the Board, which recommendation shall be made no later than February 28, 2021. Employee shall participate in any annual Long-Term Incentive program instituted by the Company for its senior executives on similar terms and values Company: ____ Employee: ____ applicable to similarly situated executives holding the same level of executive seniority and responsibility, subject to approval by the Board of Directors or the Compensation Committee of iHM, Inc.
Long Term Incentive Grant. Within 30 days following the effective date of this Agreement, the Corporation shall grant to Executive incentive stock options to acquire 3,000 shares of the Corporation’s common stock, which shall become 100% vested on the third anniversary of the date of grant. The foregoing grant shall be governed by the terms and conditions of the QNB Corp. 2005 Stock Incentive Plan which was filed with the Corporation’s 2005 proxy statement on April 15, 2005 and is incorporated herein by reference.
Long Term Incentive Grant. Subject to approval by the Company’s Compensation Committee, at the next available grant date you will be granted an equity incentive award valued at $350,000. You may be granted Restricted Stock Units (as defined in the Columbia Care Inc. Omnibus Long-Term Incentive Plan, as amended from time to time) or another type of award, subject to all of the terms and conditions under the applicable Company plan, including, but not limited to, any associated award agreements and any other documents associated with the grant. Such terms and conditions may include restrictive covenants, such as non-competition provisions. The vesting schedule and price per Unit will be determined in accordance with the applicable plan. You should consult with a tax advisor concerning the tax risks associated with any equity grant.