Long Term Incentive Plan Awards definition
Long Term Incentive Plan Awards. (“LTIP’s”) means a plan providing compensation intended to motivate performance over a period greater than one financial year. LIP’s do not include option or stock appreciation rights plans or plans for compensation through shares or units that are subject to restrictions on resale.
Long Term Incentive Plan Awards. (“LTIPs”) means any plan providing compensation intended to serve as an incentive for performance to occur over a period longer than one financial year or an affiliate, or the performance is measured by reference to financial performance of the Company or an affiliate, or the price of the Company's shares but does not include option or stock appreciation rights plans or plans for compensation through restricted shares or units. The Company has not granted any LTIPs during the financial year ended June 30, 2001.
Examples of Long Term Incentive Plan Awards in a sentence
In the event that Executive materially violates the terms and conditions of 13.1, 13.2 or 13.3, the Company may at its election upon ten (10) days notice, terminate the Compensation Period, discontinue cash compensation payments and employee benefit coverage, and cancel any outstanding Long Term Incentive Plan Awards; provided, however, the Company shall not cancel or suspend any tax qualified retirement benefits.