Examples of LTIP Participant in a sentence
This especially affects migration over national borders, known as international migration, while processes of internal migration – changing residences within national borders – is seen as requiring less integration effort from the migrant and also less support by state institutions.Another important differentiation is the duration of migration.
Subject to the absolute discretion of the Board, the Board may elect to credit each LTIP Participant with additional Share Units as a bonus in the event any dividend is paid on the Cordoba Shares in accordance with the terms of the LTIP.
The maximum number of Cordoba Shares which may be reserved for issuance to any one LTIP Participant under the LTIP, together with any Cordoba Shares reserved for issuance to such LTIP Participant under the DSU Plan, will be 1% of the Cordoba Shares issued and outstanding at the time of the grant.
Share Units granted to an LTIP Participant in a calendar year are a bonus for services rendered by the LTIP Participant to the Company or its affiliates, as the case may be, as determined in the sole and absolute discretion of the Board.
A Share Unit award granted to an LTIP Participant will entitle such LTIP Participant, subject to the LTIP, to receive cash or Cordoba Shares as set forth in the applicable Share Unit grant letter agreement (a “Grant Letter”).