MIP Participants definition

MIP Participants means those certain management employees entitled to receive MIP Equity pursuant to a grant under the MIP.

MIP Participants means those persons entitled to the respective portions of the MIP Gross Payout set out on Schedule A to the MIP.

MIP Participants means any participant in the MIP (including any holding company or other vehicle through which such participant holds its interest in the MIC).

Examples of MIP Participants in a sentence

• Xxxxxxx believes that the ongoing participation of certain directors, officers and senior managers in the Xxxxxxxx Group ("MIP Participants") is a very important element of the Offer.

• A legally binding term sheet dated 28 August 2018 has been entered into between HMC and Huadong on one side, and Xxxxx Xxxxxxx and Xxxx Xxxx, acting on their own behalf and on behalf of the proposed MIP Participants, on the other (the "MIP Term Sheet").

• The MIP Term Sheet provides detail on the key terms of the MIP, which are as follows: • the total cash pool potentially payable under the MIP is £25.0 million, the majority of which is payable based on the satisfaction of performance targets as described below, in respect of the period commencing on Cancellation and ending on 31 December 2023; • annual payments will be made to the MIP Participants.

• Accordingly, if the Scheme becomes Effective, Huadong intends to put in place certain incentivisation arrangements for the MIP Participants with effect from and/or following the cancellation of the admission to trading on AIM of the Xxxxxxxx Shares taking effect ("Cancellation").

• In addition, Xxxxxxx intends to implement a management incentive plan (the "MIP") under which certain directors, officers and senior managers of Xxxxxxxx (the "MIP Participants") would be beneficiaries.

More Definitions of MIP Participants

MIP Participants means those individuals that are allocated a percentage of the Acquisition Pool (as defined in the MIP) under the MIP as of immediately prior to the Effective Time.

MIP Participants has the meaning given thereto in paragraph 9 of this Announcement "MIP Resolution" the Resolution to be proposed by Xxxxxxxx at the General Meeting in connection with the approval of the MIP

MIP Participants has the meaning set out in recital D;

MIP Participants means the “Participants” as such term is defined in the MIP. “New Collateral Agent” has the meaning ascribed to it in Section 7(c).

MIP Participants means the “Participants” as such term is defined in the MIP.

MIP Participants means the participants identified under the MIP and approved by the Company's Board of Directors, as set forth on Schedule 12.01(a).

MIP Participants means all of the participants in the Management Incentive Plan.