Long-term Incentive Awards Clause Example from Business Contracts

This example Long-term Incentive Awards clause appears in 6 contracts from 3 companies

Long-term Incentive Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of a Long-Term Incentive Award, including but not limited to the Performance Goals, performance period (which must be more than one year), the potential amount payable, and the timing of payment; provided that the Administrator must require that payment of all or any portion of the amount subject to the Long-Term Incentive Award is contingent on the achievement of one or more Performance Goals during the... period the Administrator specifies, although the Administrator may specify that all or a portion of the Performance Goals subject to an Award are deemed achieved upon a Participant's death, Disability or Retirement (except, in the case of an Award intended to constitute performance-based compensation under Code Section 162(m), to the extent inconsistent with the applicable requirements of Code Section 162(m)), or such other circumstances as the Administrator may specify. View More
Found in Welbilt, Inc. contract
Welbilt, Inc. Contracts

Welbilt, Inc. 2016 Omnibus Incentive Plan (Filed With SEC on March 1, 2019)

Amended and Restated Welbilt, Inc. 2016 Omnibus Incentive Plan (Filed With SEC on April 26, 2021)

MANITOWOC CO INC Contracts

The Manitowoc Company, Inc. 2013 Omnibus Incentive Plan, as amended and restated (Filed With SEC on February 14, 2020)

THE MANITOWOC COMPANY, INC. 2013 OMNIBUS INCENTIVE PLAN (Filed With SEC on May 10, 2016)

The Manitowoc Company, Inc. 2013 Omnibus Incentive Plan, as amended and restated (Filed With SEC on November 22, 2017)

OXBRIDGE RE HOLDINGS Ltd Contracts

OXBRIDGE RE HOLDINGS LIMITED 2014 OMNIBUS INCENTIVE PLAN (Filed With SEC on December 24, 2014)