LTIP Payment definition

LTIP Payment means the aggregate amount payable pursuant to the LTIP.

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LTIP Payment means the amount, if any, that would have been payable to Executive under the cash award component of any Long-Term Incentive Plan if he had remained employed by the Company through December 31 of the last year of such Plan multiplied by a fraction (A) the numerator of which is the number of days starting January 1 of the first year of such Long-Term Incentive Plan (e.g., January 31, 2006 in the case of the 2006-2008 Long-Term Incentive Plan) through the Termination Date and (B) the denominator of which is the number of days in such Long-Term Incentive Plan (e.g., 1,095 in the case of the 2006-2008 Long-Term Incentive Plan).

LTIP Payment means the amount, if any, that would have been payable to Executive under the cash award component of the 2008-2010 Long-Term Incentive Plan if he had remained employed by the Company through December 31, 2010 multiplied by a fraction (x) the numerator of which is the number of days starting January 1, 2008 through the Termination Date and (y) the denominator of which is the number of days in the 2008-2010 Long-Term Incentive Plan. The LTIP Payment will be payable upon the completion of the Company’s audited consolidated financial statements for 2010.

Examples of LTIP Payment in a sentence

• Effective upon any reduction in the First Deferred LTIP Payment as a result of the delay in achieving the First FDA Condition on or before the First FDA Condition Termination Date, the Executive shall irrevocably forfeit the right to receive the amount by which the First Deferred LTIP Payment has been reduced.

• The Company shall pay the Separation Payment and any unpaid LTIP Payment in a lump sum no later than thirty (30) days following the Separation Date.

• To the extent such product equals or exceeds the LTIP Payment, he shall not receive any LTIP Payment, and the number of Shares set forth in Section 1.1(a) shall be reduced, and shall instead be equal to the LTIP Payment to which he otherwise would have been entitled to receive but for this Agreement, divided by $5.00.

• The LTIP Payment is contingent on Executive’s acknowledgment that Executive shall not have Good Reason to terminate Executive’s employment due to the Company’s failure to provide Executive with the Target LTIP Amount (as defined in the Employment Agreement).

• This Agreement shall not supersede (i) the Deferred Share Agreement dated October 9, 2007 between Executive and Texas Energy Future Holdings Limited Partnership (the “Deferred Share Agreement”), (ii) Executive’s entitlement on January 2, 2008 to the LTIP Payment, as defined in the Deferred Share Agreement (subject to reduction as provided in Section 2.1 of the Deferred Share Agreement), and (iii) Section 6.11 of the Merger Agreement.

More Definitions of LTIP Payment

LTIP Payment means the amount that would otherwise be payable to a Participant for a Plan Year under the Nordson Corporation 2004 Long-Term Performance Plan (or any successor plan thereto).

LTIP Payment means a cash incentive payment made pursuant to the Company's 1999 Long-Term Incentive Plan.

LTIP Payment means an amount, in cash, equal to the excess of (i) the LTIP Payout, as set forth in Section 5.7(i) of the Disclosure Schedule over (ii) the amount accrued for payments to such participants under the Company Bank’s Long-Term Incentive Plan immediately prior to the Closing Date, reduced by any Tax Benefit to Company Bank attributable to a hypothetical payment of such excess amount by Company Bank to Company Bank Employees immediately prior to the Closing. Immediately prior to the Closing, Company shall transfer to Company Bank the LTIP Payment.

LTIP Payment means a payment which would be payable to a Participant under the LTIP but for a deferral election under Section 4.1 hereof." (2) Section 4.1 of Article 4 of the Plan is hereby amended by the deletion of said Section 4.1 and the substitution in lieu thereof new Section 4.1 to read as follows:

LTIP Payment means a payment made pursuant to a Long-Term Incentive Agreement. “Majority Holders” has the meaning specified in Section 11.1.

LTIP Payment shall have the meaning set forth in Section 3.3(c).

LTIP Payment means the aggregate dollar amount of owed to each of the LTIP Participants in respect of the vesting of their Awards in connection with the Transactions pursuant to the 2020 LTIP.