Examples of LTIP Award Agreement in a sentence
Pursuant to the terms of the 2019 DeMarco Employment Agreement, the Company has entered into the Class AO LTIP Award Agreement with Mr. DeMarco, which provides for the grant to Mr. DeMarco of 625,000 Class AO LTIP Units pursuant to the 2013 Plan and the Partnership Agreement.
Work done on Saturdays after 12.00 noon or on Sundays shall be paid for at the rate of double time.
While this statement appears somewhat at odds with the claim that the figure is also of considerable commercial value, it is always open to the Ministers to explain that the figure is underpinned by much important detail, without necessarily revealing what that detail is and disclosing anything sensitive.
Except as expressly set forth herein, this Agreement supersedes all prior agreements and understandings (including verbal agreements) between Xx. Xxxxx and Travelport and/or its affiliates regarding the post-separation terms and conditions of Xx. Xxxxx’x employment with Travelport and/or its affiliates including, without limitation, the 2011 Agreement, the LTIP Award Agreement, and the LTMIP Award Agreement (collectively, the ‘‘Prior Agreements”).
The LTIP Award Agreement shall set out the Award Date, the expected Ownership Start Date, the Performance Period, the Maximum Number, the Minimum Number, the Performance Conditions and the method for calculating the Matching Multiple.
The threshold level was fixed at $21.46 in the AO LTIP Award Agreement, the closing price of the Common Stock as reported on the New York Stock Exchange (the “NYSE”) on the date of grant.
PMG were supportive of this approach and keen that a solution be identified that didn’t cause any further delay to this project.
For each LTIP Award that is intended to constitute Qualified Performance-Based Compensation, the Committee, in its sole discretion, may, at the time of grant, specify in the LTIP Award Agreement that one or more objectively determinable adjustments shall be made to one or more of the Performance Goals established under Section 2.2 hereof.
If the LTIP Award Agreement is not so delivered within the time specified, the Corporation reserves the right to revoke the LTIP Awards.
When granted, an LTIP Award will be evidenced by, and subject to the terms of, an LTIP Award Agreement.