LTIP Award. During the Term, the Executive shall be eligible to receive annual equity award grants pursuant to the LTIP, as determined by the Board or a committee thereof, which value may vary in the Board’s discretion based on Executive’s or the Company’s achievement of any performance criteria during the applicable performance period for the award. For calendar year 2023 and beyond, the annual LTIP target will be equal to two hundred and twenty percent (220%) of the Annual Base Salary which annual LTIP target shall be subject to review and upward, but not downward without Executive’s written consent, adjustment by the Compensation Committee in its sole discretion each year (the “Annual LTIP Target”). Any awards issued to the Executive under the LTIP are governed by and subject to the terms of the LTIP and the underlying award agreements.
LTIP Award. As of the Effective Date, Executive shall be granted 420,000 LTIP Units (the "LTIP Award") pursuant to a separate written LTIP Unit Award Agreement under the Plan. The LTIP Award shall be subject to the terms and conditions of that agreement and the Plan.
LTIP Award. Subject to adoption by the Board and approval by the REIT’s stockholders of the Company’s incentive award plan (the “Incentive Plan”), and provided the Executive is employed by the Company on the date of the grant, the Operating Partnership shall, on or as soon as practicable following the Effective Date, issue to the Executive, and the Executive agrees to accept from the Operating Partnership as part of his compensation for services rendered to or for the benefit of the Operating Partnership, (A) a number of LTIP Units (as defined the Amended and Restated Agreement of Limited Partnership of Xxxxxx Properties, L.P.) which is equal to the quotient obtained by dividing (x) $4,200,000 by (y) the initial public offering price of a share of the REIT’s common stock (the “Time Vesting LTIP Units”), and (B) a number of LTIP Units which is equal to the quotient obtained by dividing (x) $2,800,000 by (y) the product of the initial public offering price of a share of the REIT’s common stock multiplied by (the “Performance Vesting LTIP Units”). Subject to the Executive’s continued employment with the Company, the Time Vesting LTIP Units shall vest (a) forty percent (40%) on the date of grant and (b) twelve percent (12%) on each of the first five anniversaries of the date of grant, and the Performance Vesting LTIP Units shall vest based on the satisfaction by the REIT of “total shareholder return” hurdles established by the Company and set forth in the applicable award agreement. The terms and conditions of the Time Vesting LTIP Units and the Performance Vesting LTIP Units shall be set forth in separate award agreements (the “LTIP Units Agreements”) in such forms as are prescribed by the Company, each to be entered into by the Company and the Executive and which together shall evidence the grant of such awards.
LTIP Award. (a) The Grantee is hereby granted this Award, consisting of the number of LTIP Units set forth on the first page of this Agreement and designated as Award LTIP Units (the “Award LTIP Units”), which will be subject to vesting and forfeiture to the extent provided in this Section 3 and Section 4 hereof.
LTIP Award. Executive will receive an award of $1,200,000.00 under the Company’s 2010 Executive Long-Term Incentive Plan, subject to and in accordance with the terms of that plan and the separate Award Agreement between the Company and Executive in connection with that plan.
LTIP Award. In consideration of the Participant’s agreement to provide services to Mondelēz International, Inc., a corporation organized under the laws of the Commonwealth of Virginia (the “Company”), or to any entity that directly or indirectly through one or more intermediaries controls or is controlled by the Company (the “Affiliate”), and for other good and valuable consideration, the Company hereby grants as of the Date set forth in the LTIP Award Notice (the “Notice”) to the Participant named in the Notice (the “Participant”) an LTIP Award with respect to the Performance Cycle set forth in the Notice, subject to the terms and provisions of the Notice, this LTIP Award Agreement, including any country-specific appendix (this “Agreement”), the Company’s Long-Term Incentive Plan, as amended from time to time (the “LTI Plan”) and the Company’s Amended and Restated 2005 Performance Incentive Plan, as amended from time to time (the “2005 Plan”). Unless and until the LTIP Award becomes payable in the manner set forth in Section 3 hereof, the Participant shall have no right to payment of the LTIP Award. Prior to payment of the LTIP Award, the LTIP Award shall represent an unsecured obligation of the Company, payable (if at all) from the general assets of the Company. The Participant’s failure to reject this Agreement within 60 days will constitute the Participant’s acceptance of the LTIP Award and all terms and conditions of this LTIP Award, as set forth in this Agreement (including any appendices hereto), the LTI Plan and the 2005 Plan.
LTIP Award. (a) Effective on the Effective Date, Executive will receive a grant of 1,811,572 Restricted Stock Units ("RSUs") pursuant to the terms of this Agreement, the applicable Restricted Stock Unit Agreement, the Lulu's Fashion Lounge Holdings, Inc. Omnibus Equity Plan ("Equity Plan") and, subject to Executive's continued employment under the terms of this Agreement, shall vest as follows (the "RSU Award"): Vesting Date Number of RSUs Vested June 30, 2023 122,662 September 30, 2023 94,455 December 31, 2023 94,455 March 31, 2024 125,000 June 30, 2024 125,000 September 30, 2024 125,000 December 31, 2024 125,000 March 31, 2025 125,000 June 30, 2025 125,000 September 30, 2025 125,000 December 31, 2025 125,000 March 31, 2026 125,000 June 30, 2026 125,000 September 30, 2026 125,000 December 31, 2026 125,000 3
LTIP Award. During the Term, the Executive shall be eligible to receive annual equity award grants pursuant to the LTIP, as determined by the Board or a committee thereof. For calendar year 2020 and beyond, the Annual LTIP Target will be equal to 275% of the Annual Base Salary. Any awards issued to the Executive under the LTIP are governed by and subject to the terms of the LTIP and the underlying award agreements.
LTIP Award. Executive will receive pursuant to the terms of the Company's Long Term Incentive Plan (the "Incentive Plan") a Target Award (as defined in the Incentive Plan) of 17,800 shares of Common Stock of the Company for the 1996-1998 performance period. The performance measurement and corresponding performance target for that period is based on a targeted Return on Equity (as defined in the Incentive Plan) for that three-year performance period. The form of such award is set forth as Exhibit A to this Agreement.
