LTI Grant Sample Clauses

The LTI Grant clause defines the terms under which long-term incentive (LTI) awards, such as stock options or restricted stock units, are granted to an employee or executive. It typically outlines eligibility, the type and amount of awards, vesting schedules, and any performance conditions that must be met for the incentives to be earned. This clause ensures both parties understand the structure and requirements of the incentive program, aligning the employee’s interests with the long-term goals of the company and providing motivation for sustained performance.
POPULAR SAMPLE Copied 2 times
LTI Grant. Subject to approval by the Compensation Committee and further subject to Executive’s continued employment through the date of any such grant, Executive shall be entitled to receive a target annual long-term incentive equity grant in the amount of approximately $4,500,000 comprised of 50% RSUs and 50% Stock Appreciation Rights (“SARs”), which SARs will have an exercise price that is 10% greater than the closing price of our common stock on the date of grant. Any such RSUs and SARs that may be granted shall be issued subject to the terms of the Vail Resorts, Inc. 2015 Omnibus Incentive Plan (the “2015 Plan”) and the applicable agreement provided pursuant thereto, using the Company’s standard valuation methodology and vesting in increments of 1/3 per year over a three year period, such vesting to commence on the first anniversary of the grant date of such RSUs and SARs. Any awards under the 2015 Plan are at the discretion of the Compensation Committee. Any current or future grants shall be at the discretion of the Compensation Committee, and Executive acknowledges that the Compensation Committee is not obligated to grant any awards.
View Source
LTI Grant. You will be entitled to receive a one-time long-term incentive (“LTI”) award equivalent to US $300,000 comprised of stock options (37.5%), performance-based restricted share units (37.5%) and time-based restricted share units (25%), granted to you on your Employment Date. The stock options and time-based restricted share units will vest ratably in three equal annual installments from the grant date, and the performance-based restricted units will vest based upon the achievement of a specific level of cumulative pre-tax income over the three-year period ending at the end of fiscal 2021. The LTI award, including the vesting terms, will be governed by the terms of the Cott Corporation equity incentive plan under which the award is made (the “Equity Plan”) and your award agreement. You will be eligible for future LTI awards that will be based on your performance. Annual grants are issued following approval by the HRCC at its regularly scheduled meetings in December.
View SourceView Similar (2)
LTI Grant. Executive will be eligible to participate in regular, periodic grants under the Company’s Long Term Incentive (“LTI”) Program. Executive understands and acknowledges that LTI grant(s) are subject to review, discretion, and approval of the Human Resources Committee of the Caesars Entertainment Corporation Board of Directors (the “HRC”). LTI grants are subject to vesting schedules at the discretion of the HRC. Executive will have an annual equity grant target of 150% of Executive’s base salary based on value at time of grant using the company’s typical methods for valuing equity. Executive understands and acknowledges that the actual value of equity to be granted is at the discretion of the HRC and is not guaranteed. Further, the actual future value of LTI grants is subject to risk based on the performance of the company’s stock and cannot be guaranteed.
View Source
LTI Grant. Executive will be eligible to participate in regular, periodic grants under the Company’s Long-Term Incentive (“LTI”) Program. Executive understands and acknowledges that LTI grant(s) are subject to review, discretion, and approval of the CMDC. LTI grants are subject to vesting schedules at the discretion of the CMDC as set forth at the time such grants are made. The target value for Executive’s annual LTI grant is two hundred percent (200%) of the Base Salary. Executive understands and acknowledges, however, that the actual value of equity to be granted is at the discretion of the CMDC and is not guaranteed. Further, the actual future value of LTI grants is subject to risk based on the performance of the Company’s equity and cannot be guaranteed.
View Source
LTI Grant. Following the Effective Date, the Company will review with Executive an appropriate grant under the Company’s LTI plan. Executive understands and acknowledges that any equity grants are at the discretion of the CMDC. Executive further understands and acknowledges that the actual future value of LTI grants is subject to risk based on the performance of the Company’s stock and cannot be guaranteed.
View Source
LTI Grant. So long as Executive shall be employed by the Company on March 1, 2009 (and has not received any notice of termination for any reason as of or prior to that date), Executive shall be granted (the “March 2009 Grant”) a long term incentive award having a grant value of $4,800,000, of which (1) $1,000,000 (using the Company’s standard valuation methodology) shall be pursuant to a grant of Restricted Stock Units (“RSUs”), and (2) $3,800,000 (using the Company’s standard valuation methodology) shall be pursuant to a grant of Share Appreciation Rights (“SARs”), each of which (x) shall be subject to the terms of the VRI Amended and Restated 2002 Long Term Incentive and Share Award Plan (or such successor equity compensation plan) and the agreements provided pursuant thereto, and (y) shall vest in full on September 30, 2011; provided, however, that this provision shall be of no effect in the event that a Change in Control, as defined below, has been completed on or before March 1, 2009, and only if the effect of such Change in Control is to extinguish, exchange or convert the common stock of the Company concurrent with the Change in Control being effected. Notwithstanding the terms of any other agreement or plan, none of the vesting of the RSUs or SARs issued pursuant to the March 2009 Grant shall accelerate in the event of a duly completed Change in Control which has been publicly announced or completed prior to September 1, 2009 but rather shall vest pursuant to (y) above.
View Source
LTI Grant. Executive will participate in regular, periodic grants under the Company’s Long Term Incentive (“LTI”) Program. Executive understands and acknowledges that LTI grant(s) are subject to review, discretion, and approval of the CMDC. LTI grants are subject to vesting schedules at the discretion of the CMDC. The target value for Executive’s annual LTI grant is one hundred fifty percent (150%) of the Base Salary. Executive understands and acknowledges that the actual value of equity to be granted is at the discretion of the CMDC and is not guaranteed. Further, the actual future value of LTI grants is subject to risk based on the performance of the company’s stock and cannot be guaranteed. In addition, the Company will recommend to the CMDC that Executive be awarded a sign-on equity grant (“Sign-On Grant”) as soon as administratively practicable after execution of this Agreement by both Executive and the Company, with a target of four hundred forty-two thousand and five hundred dollars ($442,500) based on value at time of the Sign-On Grant, using the Company’s typical methods for valuing equity, and subject to vesting at the CMDC’s sole discretion. Executive understands and acknowledges that any Sign-On Grant, including actual amount and value of equity granted, will be made at the sole discretion of the CMDC. The proposed award of the Sign-On Grant is attached hereto as Exhibit D.
View Source
LTI Grant. Executive will be eligible to participate in the Company’s Long Term Incentive (“LTI”) Program. In addition, the Company will recommend a one-time sign-on LTI grant with a value at time of grant equal to approximately 150% of Executive’s base salary using a mix of options to purchase shares and Restricted Stock Units, commensurate with Executive’s peers. Executive understands and acknowledges that LTI grant(s) are subject to review, discretion and approval of the Human Resource Committee. LTI grants are subject to vesting schedules at the discretion of the Human Resources Committee. The actual future value of LTI grants is subject to risk based on the performance of the company’s stock and cannot be guaranteed. The sign-on LTI grant will be in lieu of Executive’s participation in the Company’s 2016 annual LTI grant.
View Source
LTI Grant 
View SourceView Similar (2)

Related to LTI Grant

  • Grant of Restricted Stock Unit Award The Company hereby grants to the Participant, as of the Grant Date specified above, the number of RSUs specified above. Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason, and no adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the RSUs, except as otherwise specifically provided for in the Plan or this Agreement.

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Equity Grant Subject to approval by the Board and your execution of the Company’s standard form of Restricted Stock Agreement for executives (the “Restricted Stock Agreement”), you will be eligible to receive shares of the Company’s common stock under the Company’s 2017 Stock Option and Grant Plan (the “Plan”) equaling 15% of the Company’s outstanding common stock on a fully-diluted basis as of the grant date and after giving effect to the grant. If the Company closes Preferred Round on or prior to December 31, 2019 (and provided that you are still employed by the Company at the time of such closing), the Company shall issue you an additional award of restricted shares of Company common stock under the Plan in an amount such that, after giving effect to such additional issuance, you have been granted shares of common stock equal to 15% of the Company’s outstanding common stock on a fully-diluted basis upon closing of (and giving effect to) the Preferred Round. If the Preferred Round closes in multiple tranches (including tranches closed in the future, if initial closings of at least $3,000,000 occur by December, 2019), you will receive an additional award upon the closing of each tranche, in accordance with the foregoing. All shares of Company common stock granted to you shall be subject to repurchase and forfeiture as set forth in Restricted Stock Agreement, which shall provide that, subject to Section 6, the granted shares shall vest as follows: (i) 25% of the granted shares will vest on the three-month anniversary of the Commencement Date and (ii) thereafter, the remaining unvested shares will vest in equal quarterly installments over a three-year period, on the last day of each calendar quarter (i.e., March 31, June 30, September 30 and December 31), commencing on September 30, 2018; provided, that upon a Sale Event (as defined in the Plan) all your then-unvested shares (to the extent not previously forfeited) shall vest. For the avoidance of doubt, the Company and the Board have reviewed and understands and accepts your academic and work experience, as the same has been provided to the Company by you. Accordingly, and assuming the accuracy of your academic and work experience, the definition of “Cause”, as applicable to any termination of your employment by the Company (whether under the Plan, your Restricted Stock Agreement or otherwise) shall not include, and shall not be triggered by, the Company’s or the Board’s assertion or belief that you lack requisite experience for your position. In addition to the foregoing equity grant, you shall be eligible for additional grants of Company common stock or options to acquire Company common stock at such time and on such terms as determined by the Company’s board of directors. ​ You shall also receive pre-emptive rights permitting you to preserve your vested equity position in the Company in the event of any additional issuances of Company common stock (or securities convertible into common stock), at a per-share price equal to then current fair market value, as reasonably determined by the Board in good faith. ​

  • Grant of Stock Units Pursuant to the terms and conditions set forth in this Stock Award Agreement (including Section 1 above) and the Plan, the Administrator hereby grants to the Awardee named in Section 1, on the Grant Date set forth in Section 1, the number of Stock Units set forth in Section 1.

  • Restricted Stock Grant As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 22% of his Base Salary for the respective year. Restrictive Stock Grants will be made annually at the same time other Restricted Stock Grants are made by Anaren to its senior management team, provided Employee is employed with Employer on that date. All Restricted Stock grants issued pursuant to this provision will be subject to the terms of the 2004 Plan, including, but not limited to, a thirty-six (36) month forfeiture provision. Notwithstanding anything to the contrary, in the event Employee’s employment concludes on or after the expiration of the Period of Employment, Employee shall be entitled if the forfeiture period has not otherwise lapsed only to a pro rata portion of each unvested Restricted Stock Grant based on the number of months employed by Employer from the date of grant to the expiration of the Period of Employment date. In the way of example, if Employee has been employed for 18 months of the 36 month forfeiture period at the end of his Period of Employment, he will receive 50% of the Restricted Shares granted. If Employee remains employed by Employer on a full time basis (30 hours or more per week) after the Period of Employment as an at-will Employee, all previously issued restricted stock shall continue to vest in accordance with the terms of the 2004 Plan.