Long Term Incentive Program means the program described in Section 6(b) hereof.
Long Term Incentive Program or “LTIP” is a program adopted with respect to calendar 2021 by the Committee under which equity awards and/or cash awards may be granted to certain eligible employees of the Company, its Subsidiaries or its Designated Associate Companies.
Long Term Incentive Program means the Second Amended and Restated Long Term Incentive Program of the Borrower.
Examples of Long Term Incentive Program in a sentence
Executive shall be eligible to participate in the Company’s Long Term Incentive Program, starting in the 2025 fiscal year, the terms of which are subject to the Board or its designee’s discretion from year to year.
More Definitions of Long Term Incentive Program
Long Term Incentive Program means the Continental Airlines, Inc. Long Term Incentive Performance Award Program adopted under the Incentive Plan 2000, as amended from time to time.
Long Term Incentive Program means the equity incentive program of the Loan Parties which grants employees of the Loan Parties the right to acquire Equity Interests in Holdings and with respect to which no Loan Party has any obligation to repurchase such Equity Interests or any other monetary obligations with respect to such program.
Long Term Incentive Program or “LTIP” is a program adopted calendar 2015 by the Committee under which equity awards and/or cash awards may be granted to certain eligible employees of the Xxxxxx Group. Section 1.7 - Performance-Based Restricted Share Units “Performance-Based Restricted Share Units” or “PRSUs” shall mean a conditional right to receive Shares, pursuant to the terms of the Plan and this Agreement upon vesting and settlement, subject to the attainment of certain Performance Objectives and the Associate’s continued employment through the Vesting Date. Section 1.8 - Performance Objectives “Performance Objectives” shall mean the performance objectives that are referenced in Section 3.1(a) and set forth in Schedule C-1 or C-2, and in Schedule D, to this Agreement. Section 1.9 - Performance Period “Performance Period” shall mean January 1, 2015 - December 31, 2017 if the Performance Objectives in Schedule C-1 apply, and shall mean December 31, 2014 - December 31, 2017 if the Performance Objectives in Schedule C-2 apply. “Performance Period” for purposes of the Performance Objectives set forth in Schedule D shall mean July 1, 2014 - December 31, 2017. Section 1.10 - Plan “Plan” shall mean the Xxxxxx Group Holdings Public Limited Company 2012 Equity Incentive Plan, as amended from time to time. Section 1.11 - Pronouns The masculine pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates. Section 1.12 - Shares “Shares” shall mean Ordinary Shares of the Company, Nominal Value of $0.000115 each, which may be authorized but unissued. Section 1.13 - Towers Xxxxxx Merger “Towers Xxxxxx Merger” shall mean that business combination transaction that the Company intends to enter into with Towers Xxxxxx & Co. pursuant to the terms of an Agreement and Plan of Merger entered into on June 29, 2015 among the Company, Citadel Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company, and Towers Xxxxxx & Co., a Delaware corporation, as approved by the Board. Section 1.14 - Vesting Date “Vesting Date” shall mean March 2, 2018; provided however, that if the Vesting Date falls on a date that the Company determines the Associate is not permitted to sell Shares on the open market for any reason, including under the Company’s Xxxxxxx Xxxxxxx Policy (or any successor policy), then the Vesting Date instead shall be the later of the first business day in the next occurring open “window period” applicable to the Associate or th...
Long Term Incentive Program. (“LTIP”). The Executive shall be eligible to participate in the Company’s LTIP program, as it may be amended from time to time (including without limitation pursuant to the Board’s discretion to alter the ratio of PSUs to options granted under such program). Notwithstanding the foregoing, the Company and the Executive agree that the value of the grant as so determined for the Executive for 2022, 2023, 2024 and 2025 shall be reduced in each such year by US$2,100,000.” In consideration of the Option being granted under the Plan, it is further agreed that notwithstanding any term of the Employment Agreement or any plan, policy, award or grant agreement, if the Optionholder voluntarily resigns or retires from the Corporation at any time prior to January 31, 2026 (i) any PSUs granted to the Optionholder following March 1, 2021 shall not be deemed retirement-eligible and shall not be treated under terms no less favourable than terms in effect for retirement-eligible participants pursuant to the Performance Share Unit Plan for Eligible Employees of Canadian Pacific Railway Limited (the “PSU Plan”) as previously provided for by Section 9(b)(iii) of the Employment Agreement, and (ii) the retirement provisions in Section 6.6 of the PSU Plan shall not apply to any such PSUs in any circumstance, including in the event of the Optionholder’s Retirement (as defined in the PSU Plan). The Optionholder acknowledges and agrees that, except only as necessary to satisfy any express minimum requirements of applicable employment or labour standards legislation, (i) a determination of whether the Optionholder’s employment has ceased for any reason, whether lawful or otherwise, will be made without regard to any pay in lieu of notice (payable by way of lump sum payment or salary continuance), benefits continuance, other termination-related payments or benefits or damages in respect thereof, whether pursuant to the common law or otherwise, to which the Optionholder may then be entitled, and (ii) that in the event of forfeiture of the Option or any PSUs, the Optionholder will have no entitlement to any payment or compensation of any kind, and waives any claim to damages in respect thereof whether attributable to any contractual or common law termination entitlements or otherwise. In executing this agreement, the Optionholder acknowledges that he has read and understands the terms of the Plan and the 162(m) Plan and accepts the Option in accordance with the terms of the Plan and the ...
Long Term Incentive Program. (“LTIP”) — Beginning with the grant to be made for fiscal year 2009, if any, you will be eligible to participate in Cabot’s long-term incentive program, as may be in effect from time to time, pursuant to the terms of the 2006 Long-Term Incentive Plan or any successor plan thereto. The program is designed to provide long-term incentive compensation to employees who contribute to the long-term strategic direction of the Company. Awards made under the program are discretionary and will be based on your contribution to the success of the Company and your anticipated future contribution. Each year the Compensation Committee determines the form of the LTIP award. Historically, the Compensation Committee has granted stock options and purchase restricted stock that have fully vested after three years. Any award granted to you under the LTIP will be subject to the terms and conditions of the award and the Plan, including but not limited to terms providing for forfeiture of unvested awards in the event your employment terminates; and
Long Term Incentive Program is a 2011 program adopted by the Compensation Committee of the Company under which grants of Cash Awards and equity awards are to be made to certain eligible employees of the Wxxxxx Group.
Long Term Incentive Program means the Partnership’s Long-Term Incentive Program, as may be amended from time to time, or any successor program or plan.