Examples of LTIP Awards in a sentence
The LTIP Awards shall be granted subject to the terms and conditions of the applicable plans and individual award agreements to be entered into between the Company and Executive, provided that in the event of any conflict between the terms of such award agreements and this Agreement, this Agreement shall control unless the terms of the applicable award agreement(s) are more favorable to Executive, in which case the applicable award agreement(s) shall control.
The following is a summary of the awards authorized under our LTIPs as of December 31, 2019 (in millions): LTIP PAA LTIP Awards Authorized Plains All American 2013 Long-Term Incentive Plan .
The following is a summary of the awards authorized under our LTIPs as of December 31, 2020 (in millions): LTIP PAA LTIP Awards Authorized Plains All American 2013 Long-Term Incentive Plan .
Such Transition Awards will be payable by Xxxxxx, subject to applicable leaver terms, on or as soon as practical after: (a) in respect of LTIP Awards granted in 2019, on the Effective Date; and (b) in respect of LTIP Awards granted in 2020 and/or 2021, on the normal vesting date of such LTIP Awards, subject to continued employment.
The Target Remuneration Committee has determined that LTIP Awards over a maximum of a further 5,717,353 Target Shares will, in accordance with the LTIP rules, vest and become exercisable to the extent not already exercisable, on Court Sanction, and will lapse six months following Court Sanction to the extent not exercised.