Examples of LTIP Performance Period in a sentence
Except as provided in Section 6.3(a) and Section 6.4(a), if a Participant’s employment with the Company terminates for any reason whatsoever prior to the last day of an LTIP Performance Period, then such Participant shall not be entitled to receive any payment under the Program with respect to his or her Award for such Performance Period, unless otherwise determined by the Administrator or otherwise provided in the Participant’s employment agreement with the Company.
The cash portion of the 2019 LTIP for the 2019-2020 stub-period of the 2019 LTIP Performance Period was paid in April 2021, following the CN&G Committee’s certification.
As the 2152-band is not detected, CO coverages must be much greater, probably multilayers thick.
LTIP Performance Period 2017 2018 2019 2020 2021 Status % Payout2017 3-year LTIP 100% CompleteBelow Threshold and 100%V Forfeited 0%2018 3-year LTIP67% CompleteV Tracking Below Threshold 0%(1)2019 3-year LTIP33% CompleteV Tracking Below Threshold 0%(1)(1) The performance period for these awards remains open and the payout percentage for these awards has not been determined.
The LTIP for the 2019 LTIP Performance Period provided for a partial payment for the 2019-2020 stub-period in 2021 which was intended to provide a bridge to the go-forward program, as well as a payment for the remainder of the award in 2022 covering the 2019-2021 performance period.
In limited circumstances (for example retirement, employer-initiated termination (with no record of poor performance), death or total and permanent disablement), Rights will remain on foot on a pro-rata basis and may vest at the endof the LTIP Performance Period, subject to the satisfaction of theQantas TSR performance compared to the Global Listed AirlinesSatisfaction of performance hurdleLTIP Performance and Service Conditions.