LRPIP Sample Clauses

LRPIP. During the Employment Period, Executive will be eligible to participate in annual grants under LRPIP at a level commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee.

LRPIP. During the Employment Period, Executive will be eligible to participate in annual grants under LRPIP. To the extent provided in Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"), the terms of any such award shall be established by the Committee. Subject to the foregoing, Executive's target award for the FYE 2001-2003 cycle under LRPIP will be $225,000 with a maximum award opportunity equal to $337,500, with the payment potential ranging from zero dollars to $337,500; and Executive's target award for subsequent LRPIP cycles will be not less than 45% of his Base Salary as in effect at the beginning of the cycle and his maximum award opportunity for such cycle will be not less than 67.5% of such Base Salary, with the payment potential ranging from 0% to not less than 67.5% of such Base Salary. Payments, if any, under LRPIP awards under this subsection will be based on Group performance measures. To the extent the material terms of LRPIP are required to be approved by stockholders, Executive's eligibility to receive awards under LRPIP for any cycle to which such stockholder vote pertains shall be subject to such stockholder approval.

LRPIP. At the same times as TJX pays other participants in its Long-Range Performance Incentive Plan (“LRPIP”) in respect of the FYE 2004 to FYE 2006 cycle, the FYE 2005 to FYE 2007 cycle, and the FYE 2006 to FYE 2008 cycle, respectively, TJX shall pay to the Executive an amount equal to the following: (i) for the FYE 2004 to FYE 2006 cycle, 34/36ths (94.44%) of the LRPIP payment, if any, to which the Executive would have been entitled with respect to such cycle had he remained in employment until the payment date for such cycle, based on actual performance for such cycle as certified by the ECC; (ii) for the FYE 2005 to FYE 2007 cycle, 22/36ths (61.11%) of the LRPIP payment, if any, to which the Executive would have been entitled with respect to such cycle had he remained in employment until the payment date for such cycle, based on actual performance for such cycle as certified by the ECC; and (iii) for the FYE 2006 to FYE 2008 cycle, 10/36ths (27.78%) of the LRPIP payment, if any, to which the Executive would have been entitled with respect to such cycle had he remained in employment until the payment date for such cycle, based on actual performance for such cycle as certified by the ECC. The Executive shall not be entitled to any other payments under or in respect of LRPIP, including, without limitation, in respect to the two-year-cycle LRPIP award opportunity awarded by the ECC in September 2005.

LRPIP. During the Employment Period, Executive will be eligible to participate in annual grants under LRPIP. To the extent provided in Section 162(m) of the Internal Revenue Code of 1986, as amended (the "Code"), the terms of any such award shall be established by the Committee. Subject to the foregoing, Executive shall be entitled with respect to each award cycle (beginning with the FYE 2000 to FYE 2002 cycle) to earn up to 55% of his Base Salary as in effect at the beginning of the cycle if the target established by the Committee is met and up to 82.50% of such Base Salary if such target is exceeded, with the payment potential ranging from 0% to 82.50% of Executive's Base Salary as established by the terms of the award. To the extent the material terms of LRPIP are required to be approved by stockholders, Executive's eligibility to receive awards under LRPIP for any cycle to which such stockholder vote pertains shall be subject to such stockholder approval.

LRPIP. During the Employment Period, starting with the FYE ‘09-FYE ‘11 award cycle, Executive will be eligible to participate in awards under LRPIP at a level commensurate with his position and responsibilities and subject to such terms as shall be established by the Committee. For the FYE ‘08-FYE ‘10 cycle, contingent upon Executive’s commencement of employment hereunder, the Committee has awarded Executive an LRPIP opportunity with a target award opportunity equal to $300,000 and a maximum award opportunity of $450,000. In addition, contingent upon Executive’s commencement of employment hereunder, the Committee has awarded Executive a special one-time LRPIP opportunity for the two-year cycle FYE ‘08-FYE ‘09. Executive’s target opportunity for this special, one-time LRPIP award is $300,000 and his maximum opportunity is $450,000.

LRPIP. During the Employment Period, Executive will be eligible to participate in awards under LRPIP at a level commensurate with her position and responsibilities and subject to such terms as shall be established by the Committee.

LRPIP. During the Employment Period, Executive will be eligible to participate in annual grants under LRPIP. To the extent provided in Section 162(m) of the Code, the terms of any such award shall be established by the Committee. Subject to the foregoing, Executive shall be entitled with respect to each award cycle (beginning with the FYE 1998 to FYE 2000 cycle) to earn up to 70% of his Base Salary as in effect at the beginning of the cycle if the target established by the Committee is met and up to 105% of such Base Salary if such target is exceeded, with the payment potential ranging from 0% to 105% of Executive's Base Salary as established by the terms of the award. To the extent the material terms of LRPIP are required to be approved by stockholders, Executive's eligibility to receive awards under LRPIP for any cycle to which such stockholder vote pertains shall be subject to such stockholder approval.

LRPIP. During the Employment Period, Executive will be entitled to participate in annual awards under the Company's Long Range Performance Incentive Plan ("LRPIP"). To the extent provided in Section 162(m) of the Code, the terms of any such award shall be established by the Committee based on Group or Company-wide performance measures. Subject to the foregoing, Executive's target award for the FYE 2002-2004 cycle under LRPIP will be $350,000, with the payment potential ranging from zero dollars to $525,000, and for subsequent LRPIP cycles Executive's target award will be not less than 50% of her Base Salary as in effect at the beginning of the cycle and her maximum award opportunity will be not less than 75% of such Base Salary, with the payment potential ranging from 0% to not less than 75% of such Base Salary. To the extent the material terms of LRPIP are required by law (including for this purpose the rules and regulations of the Internal Revenue Service) to be approved by the shareholders of the Company, Executive's eligibility to receive awards under LRPIP for any cycle to which such shareholder vote pertains shall be subject to such shareholder approval. The Company agrees to seek any such required approval at the first meeting of Company shareholders following the determination that such approval is required. For three year LRPIP cycles commencing prior to January 28, 2001, Executive will be entitled to receive payments in accordance with the provisions of her Prior Agreement.

LRPIP. During the Employment Period, Executive will be entitled to participate in the Company's Long Range Performance Incentive Plan ("LRPIP") at a level commensurate with her position in the Company. To the extent provided in Section 162(m) of the Code, the terms of such awards shall be established by the Committee. Subject to the foregoing, Executive shall be entitled to earn 100% of her target award (initially $225,000) for a complete three year cycle if the target established by the

LRPIP. For the three-year cycle beginning with FYE 2002 and ending with FYE 2004, Mr. Lesser was awarded an LRPIP opportunity based on a deemed base saxxxx xx $0,000,000 (target award level: $550,000). For any subsequent three-year LRPIP cycle beginning prior to Mr. Lesser's retirement, including without limitation the three-year XXXXX xxxxx beginning with FYE 2003 and ending with FYE 2005, Mr. Lesser will participate in LRPIP with award opportunities that arx xxxxx xx his actual rate of Base Salary at the beginning of such cycle (currently $500,000), with a target award percentage of 55%.