LTIC Stock Grant definition

LTIC Stock Grant means the grant, if any, of restricted stock, of Performance Shares, or of a combination of restricted stock and Performance Shares made by the Committee to the Executive during any particular year as part of Key’s ongoing compensation program. For greater clarity, for purposes of this Agreement:
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Examples of LTIC Stock Grant in a sentence

  • The term "LTIC Stock Grant" means the grant, if any, of restricted stock, of Performance Shares, or of a combination of restricted stock and Performance Shares made by the Committee to the Executive during any particular year as part of Key's ongoing compensation program.

  • If Xxxxx’x employment is terminated as a result of death or disability, any provision for a pro rated award set forth in the applicable LTIC Stock Grant award agreement shall apply.

  • If Mxxxx’x employment is terminated as a result of death or disability, any provision for a pro rated award set forth in the applicable LTIC Stock Grant award agreement shall apply.

  • In the event that Mxxxx is treated as if he had continued in Key’s employment, Mxxxx shall be entitled to payment in cash or to freely transferable Common Shares, as the case may be, pursuant to the LTIC Stock Grant in question following the determination of the attainment of the performance goals upon conclusion of the performance period.

  • In the event that Xxxxx is treated as if he had continued in Key’s employment, Xxxxx shall be entitled to payment in cash or to freely transferable Common Shares (“Common Shares” means common shares of Key), as the case may be, pursuant to the LTIC Stock Grant in question following the determination of the attainment of the performance goals upon conclusion of the performance period.

Related to LTIC Stock Grant

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Stock Grant means the grant of shares of Stock not subject to restrictions or other forfeiture conditions.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Restricted Share Award means an award of Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(a).

  • Restricted Share Units means an Award which may be earned in whole or in part upon the passage of time or the attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Share Units means the hypothetical Shares that are credited to the Share Unit Accounts in accordance with Section 5.3.

  • Restricted Stock Award means an award of shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(a).

  • Phantom Stock means a right granted to an Eligible Individual under Section 12 representing a number of hypothetical Shares.

  • Restricted Share Unit means the right granted to a Participant pursuant to Article 7 to receive a Share at a future date.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Restricted Stock means Shares issued pursuant to a Restricted Stock award under Section 7 of the Plan, or issued pursuant to the early exercise of an Option.

  • Stock Units means investment units under the Deferred Delivery Plan, each of which is deemed to be equivalent to one share of Stock.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Unit Award means a grant of a Unit that is not subject to a Restricted Period.

  • RSUs means that number of Restricted Stock Units listed in the Award Notice as “Restricted Stock Units Granted.”