LTI Awards definition
LTI Awards means all unvested awards issued to Executive pursuant to the LTI Plan or the 2005 Incentive Plan.
LTI Awards means any portion of any compensation attributable to a Plan Year that is denominated in shares of Stock and is earned by a Participant under the Company’s Stock Incentive Plan or any other long-term incentive arrangement maintained by the Company or an Employer and designated by the Committee, and including restricted stock unit awards, performance awards, bonus share awards and any other awards granted by the Company, in each case to the extent deferral of such award is permitted by the Committee, but excluding any stock options and stock appreciation rights granted by the Company.
LTI Awards means any stock options, restricted stock, restricted stock units (both time-based and performance based), stock appreciation rights, phantom stock or other equity-based awards granted by the Company to Executive.
Examples of LTI Awards in a sentence
With respect to each fiscal year during the Term of Employment commencing in the 2026 fiscal year, Executive shall be eligible to receive (i) time-based LTI Awards having a fair market value (as defined by the Equity Plan) on the grant date equal to $333,333 and (ii) performance-based LTI Awards having a fair market value (as defined by the Equity Plan) on the grant date equal to $666,667.
LTI Awards shall be granted in accordance with the A▇▇▇’▇ normal grant cycle.
The Company may (i) cause the cancellation of any LTI Awards or Bonus, (ii) require reimbursement of any benefit conferred under the Equity Plan, an award agreement, Bonus Plan or otherwise, and (iii) effect any other right of recoupment of equity or other compensation provided to Executive in accordance with any Company policies that currently exist or that may from time to time be adopted or modified in the future by the Company and/or applicable law (each, a “Clawback Policy”).
More Definitions of LTI Awards
LTI Awards means, collectively, the grants under any LTI Plan of equity or equity-based awards (including, without limitation, stock options, stock appreciation rights, restricted stock, restricted stock units and other stock or cash based awards (including phantom equity).
LTI Awards shall be deemed to include those certain stock options and restricted stock units granted to the Executive pursuant to the terms of the Stock Incentive Plan on or about November 3, 2005, which such grants subsequently were approved by the Board (the "November 2005 Grant"). The parties acknowledge and agree that this Agreement modifies the terms and conditions applicable to the November 2005 Grant and that such grant as so modified may not comply with the terms of Section 409A of the Code. In the event that the November 2005 Grant, as modified by the terms hereof, is deemed to not comply with Section 409A, the Company and the Executive agree to renegotiate the applicable terms of this Agreement so that either (i) Section 409A will not apply or (ii) compliance with Section 409A will be achieved. Finally, any and all future LTI Awards shall be deemed made subject to any and all terms of this Agreement applicable to LTI Awards, notwithstanding any contrary provision of any underlying long-term incentive plan or award agreement, such that this Agreement shall not be deemed to modify any such future LTI Award.
LTI Awards means awards, other than the Annual Cash Bonus, granted under the Marathon Petroleum Corporation 2021 Incentive Compensation Plan and any successor plan(s) or alternative arrangements, including without limitation: stock options, stock appreciation rights, restricted stock, restricted stock units, shares and other share-based awards, performance-based awards of cash, shares or units, and other rights, interests or options relating to shares or other property (including cash).
LTI Awards means awards granted under the MPLX LP 2018 Incentive Compensation Plan and any successor plan(s) or alternative arrangements, including without limitation: options, unit appreciation rights, restricted units, phantom units, units and other unit-based awards, profits interest units, performance-based awards of cash or units, and other rights, interests or options relating to units or other property (including cash).
LTI Awards means all long-term incentive awards (other than Stock Rights) granted to Employee by the Company or its subsidiaries under a “Long Term Incentive Plan” or otherwise that are outstanding immediately prior to the date of Employee’s termination of employment.
LTI Awards. Unless otherwise approved by the Board Management Development & Compensation Committee, you will not be eligible to receive any further long-term incentive awards. You will continue to vest in your outstanding long-term incentive awards during your part-time employment with TE.
LTI Awards means, with respect to a Participant, long-term incentive awards received pursuant to one or more of the Company’s long-term incentive programs.