EIP Payment definition

EIP Payment means a payment equal to the “EIP Annual Award” (defined in the EIP to include both the short‑ and the long‑term incentive component) as set forth in the EIP which will be treated as vested, on a pro rata basis through the date of the termination of Employee’s employment for the Performance Period of the year when Employee’s employment terminates, and any “Deferred Awards” (as defined in the EIP) will be treated as fully vested, all of which is to be paid out as and when due in accordance with the EIP. If Employee is otherwise entitled to any EIP Awards referenced above by operation of the EIP and receives such amount(s), then the EIP Payment shall be reduced by an amount equal to the EIP Awards Employee receives. For avoidance of doubt, Employee shall receive the greater of such EIP Awards or the EIP Payment as calculated in this Section 8.F.(ii), but in no event shall Employee receive both. Any EIP Payment will be paid out as and when due in accordance with the EIP.
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EIP Payment means the aggregate amount payable pursuant to the Equity Incentive Plan, as set forth on Schedule 2.9 of the Acquired Companies Disclosure Letter . “ Embargoed Targets ” shall have the meaning set forth in Section 5.22(b) .
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EIP Payment means the aggregate amount payable pursuant to the Equity Incentive Plan, as set forth on Schedule 2.9 of the Acquired Companies Disclosure Letter.
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Examples of EIP Payment in a sentence

  • Upon the termination of this Agreement (and therefore the termination of Employee’s employment) as of the Term End Date, Employee shall be entitled to receive the Unpaid Monthly CEO Award and EIP Payment (as such terms are defined below) and remain eligible to receive the Discretionary Fourth Special Award.

  • For avoidance of doubt, Employee shall receive the greater of such EIP Awards or the EIP Payment as calculated in this Section 8.F.(ii), but in no event shall Employee receive both.

  • Notwithstanding the foregoing, to the extent that a Potential Bonus Recipient’s Earned Bonus pursuant to a Company Bonus Plan is calculated in part based on achievement under the Company’s Enterprise Incentive Plan, such portion of any such Earned Bonus shall be paid, or be caused to be paid, by Buyer or one of its Affiliates on or before the EIP Payment Date to such Potential Bonus Recipients and in such amounts as directed by the Company to Buyer on the EIP Schedule.

  • If Employee’s employment hereunder is terminated as a result of Employee’s death pursuant to Section 7.A above, then Employee’s estate shall be entitled to receive the Additional Salary Payment (as defined below), Unpaid Monthly CEO Award (as defined below), and EIP Payment (as defined below) and remain eligible to receive the Discretionary Fourth Special Award.

  • If Employee is otherwise entitled to any EIP Awards referenced above by operation of the EIP and receives such amount(s), then the EIP Payment shall be reduced by an amount equal to the EIP Awards Employee receives.

  • Any EIP Payment will be paid out as and when due in accordance with the EIP.

Related to EIP Payment

  • AHYDO Catch-Up Payment means any payment on any Indebtedness that would be necessary to avoid such Indebtedness being characterized as an “applicable high yield discount obligation” under Section 163(i) of the Code.

  • Delta Payment means as it is described in this Agreement.

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a