Long-Term Incentive Compensation definition

Long-Term Incentive Compensation means any bonus awarded to a Participant and payable in cash under the Performance Unit provisions of the Company’s Incentive Compensation Plan or another special long-term incentive compensation plan maintained by the Company or an Affiliate that provides the opportunity for a cash bonus payment at the end of a specified period (minimum two years) based on the attainment of specific performance goals.

Long-Term Incentive Compensation means such long-term incentives as the Committee may approve from time to time, that are performance-based compensation, as described in Section 409A.

Long-Term Incentive Compensation means compensation payable under the terms of the Amcast (LTIP) or any other plan which replaced the LTIP.

Examples of Long-Term Incentive Compensation in a sentence

• POWER OF ATTORNEY Registration Statement of New Jersey Resources Corporation Relating to the New Jersey Resources Corporation Long-Term Incentive Compensation Plan The person whose signature appears below does hereby make, constitute and appoint Glenn C.

• Vesting shall be accelerated, any restrictions shall lapse, and all performance objectives shall be deemed satisfied as to any outstanding grants or awards made to Executive under the 2000 Long-Term Incentive Compensation Plan and/or the 1990 Long-Term Incentive Compensation Plan.

• The Option is granted subject in all respects to the terms of the Company’s Long-Term Incentive Compensation Plan (the “Plan”).

• The Compensation Committee shall review and analyze the compensation of the Corporation's executive officers; review and provide general guidance as to compensation of the Corporation's other managers; evaluate the performance of the Corporation's executive officers; administer the Corporation's Long-Term Incentive Compensation Plan, including grants thereunder; and perform such other services as may be designated by the Board.

• The purpose of the Long-Term Incentive Compensation Plan ("the Plan") is to attract, retain and motivate strong management employees by providing additional incentive to key employees of Peoples Energy Corporation (the "Company") and its Subsidiaries (as defined by paragraph 13) to acquire a proprietary interest in the business of the Company and its Subsidiaries and by encouraging the interest of such persons in the financial success and growth of the Company.

More Definitions of Long-Term Incentive Compensation

Long-Term Incentive Compensation. Employee shall receive the following long term incentive compensation.

Long-Term Incentive Compensation means the management incentive plan covering the period 2004-2006; successful achievement of the targets set out in the plan will result in a payout of approximately US$50,000,000, which amount is scheduled to be paid in early 2007.

Long-Term Incentive Compensation means any amount payable to the Participant by the Employer in the form of long-term discretionary or incentive compensation designated by the Administrative Committee as eligible for deferral under the Plan, before reductions for contributions to or deferrals under any pension, deferred compensation or benefit plans of the Employer, other than any Cafeteria Plan.

Long-Term Incentive Compensation means any amount payable to the Participant by the Employer in the form of long-term discretionary or incentive compensation designated by the Administrative Committee, before reductions for contributions to or deferrals under any pension, deferred compensation or benefit plans sponsored by the Employer.

Long-Term Incentive Compensation means, for any accounting period, the aggregate expense incurred in such accounting period in accordance with GAP for the Servicer’s long-term incentive compensation plan. The Servicer currently refers to its long term incentive compensation plan as “ELIP” (f/k/a LTIP). For avoidance of doubt, Long Term Incentive Compensation excludes payments of base salary and annual bonus compensation.

Long-Term Incentive Compensation. Employee shall receive the following long term incentive compensation. For 1998: (1) a grant pursuant to the Enron Corp. 1991 Stock Plan ("91 Stock Plan") of Restricted Stock in January, 1999, or in January of a subsequent year if the following cumulative provisions apply, having a grant value of $1,060,000 and conditioned on Enron International meeting at least 80% of its 1998 after tax net income target ("80% Target"); such 80% Target shall be a cumulative percentage over a five year period beginning with 1998 so that if the employee misses a target in any single year, the employee shall have the ability to receive such a grant in a future year based on a cumulative year average of 80% or greater; such a grant of Restricted Stock shall vest 25% on the date of grant and thereafter, conditioned on Employee's continued employment with Employer, in annual 25% increments on the anniversary dates of said grant, and (2) a grant pursuant to the '91 Stock Plan of 100,000 Stock Options made at the time of entering into this Agreement, to vest, conditioned on Employee's continued employment with Employer, in increments of 25% on December 31 on each of the next four years. For years 1999 through 2002, Employee shall be granted Stock Options pursuant to the '91 Stock Plan having a value based on Black Scholes (as determined annually by the Compensation Committee of the Enron Corp. Board of Directors similar to other Enron Corp. executives) of $1,060,000 for each year. For example if the Black Scholes value of an Enron Corp. Stock Option was $10.60, Employee would receive 100,000 Stock Options ($1,060,000/$10.60) These Stock Options will be granted on 12/31/98, 12/31/99, 12/31/00, and 12/31/01 and shall vest, conditioned on Employee's continued employment with Employer, in 25% increments on December 31 of each of the four years following the date of grant. Employee shall also receive grants pursuant to the '91 Stock Plan of Restricted Stock in January 2000, 2001, 2002 and 2003, or in January of a subsequent year (but no subsequent year later than January 2003) if the following cumulative provision apply, each having a grant value of $1,060,000, conditioned on Enron International meeting at least 80% of its after tax net income target ("80% Target") for calendar years 1999, 2000, 2001 and 2002, respectively. Such 80% Target shall be a cumulative percentage over the five year period (1998 - 2002) so that if an 80% Target is not met for any single year, during the 1998 -...

Long-Term Incentive Compensation means the compensation that may be payable to an Eligible Employee from time to time under the Company’s Long Term Incentive Plan.