LTIP definition
Examples of LTIP in a sentence
Commencing in 2024, and continuing during each subsequent calendar year of the Employment Period, the Executive shall be eligible to receive an annual equity award (the “Annual LTIP Award”), which shall be awarded each year during the Employment Period by the Compensation Committee based upon its evaluation of such performance measures and objectives as may be established by the Compensation Committee from time to time.
Long-Term Incentive Plan (“LTIP”) – Employer agrees to offer Executive participation in the Employer’s LTIP which shall be evaluated according to the Employer’s stated LTIP criteria.
The terms of the LTIP, some of which are omitted from this Incentive Agreement.
Nothing contained in this Incentive Agreement or the LTIP confers on you any right to continue in the employ of the Company or any affiliate or to be employed in a particular position or at a particular rate of compensation.
Xxxxxxx XxxxxxXxxxxxxx Xxxx, XX 00000 <NAME> <ADDRESS> <ADDRESS> Award Number: Plan: 2021 LTIP Effective <Date>, you have been granted an award of <#> Restricted Stock Units.