LTIP Target Amount definition

LTIP Target Amount shall have the meaning set forth in Section 5.11(a).

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LTIP Target Amount shall have the meaning set forth in Section 5.11(a). “Merger” shall have the meaning set forth in the recitals.

Examples of LTIP Target Amount in a sentence

• Under the Company’s current practices under the current LTIP, as a first-time participant in the LTIP, 50% of the LTIP Target Amount ($162,500) would be eligible for a payout based on the performance period beginning April 1, 2011 and ending September 30, 2012.

• The LTIP Award will be divided into segments (each, an “LTIP Segment”) and each LTIP Segment will have a target payout of 25% of the LTIP Target Amount.