Incentive Plan definition
Examples of Incentive Plan in a sentence
This certifies the Performance Award, as specified below, has been granted under the Otter Tail Corporation 2023 Stock Incentive Plan (the “Plan”), the terms and conditions of which are incorporated by reference herein and made a part hereof.
The Committee may provide for the deferred payment of an Incentive Award in accordance with procedures established by the Committee, which may be procedures established under the Company’s Supplemental Savings Incentive Plan (“SSIP”) or any other plan maintained by the Company providing for the deferral of compensation, and in accordance with the requirements of Section 409A of the Code.
These grants will be subject to the terms and conditions applicable to RSUs and PRSUs granted under the HC’s 2019 Stock Option and Incentive Plan (the “Plan”) as described in the Plan and the applicable RSU award agreement, with the PRSUs subject to performance metrics that will be determined by the Board in its sole discretion as part of the annual grant process.
The Employee shall continue to be eligible to participate in the CRH Equity Incentive Plan, in accordance with the rules of that Plan.
Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Insulet Corporation 2025 Stock Option and Incentive Plan or in the attached Non-Qualified Stock Option Agreement (including its cover sheet).