New Incentive Plan definition

New Incentive Plan means the compensation program that will be implemented by the New Board of Chemtura Corporation and will become effective upon the Effective Date, which shall include a stock- based long-term incentive plan and may include other stock-based compensation consistent with the New Employment Agreements that will be adopted and become effective upon the Effective Date as well as a cash-based annual incentive plan consistent with past practice, as to which awards are subject to the approval of the New Board. Certain New Common Stock shall be reserved for issuance under the New Incentive Plan, in addition to shares reserved that may be issued pursuant to the Emergence Incentive Plan, as the Emergence Incentive Plan may be modified, with the consent of the Creditors’ Committee and the Ad Hoc Bondholders’ Committee, which consent shall not be unreasonably withheld, and which modification shall be disclosed in the Plan Supplement. The terms of the New Incentive Plan shall be included in the Plan Supplement. The reserve number and New Incentive Plan terms are to be agreed to prior to the hearing on the Disclosure Statement.
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New Incentive Plan has the meaning set forth in Section 5.10(a).
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New Incentive Plan means an equity incentive plan developed by the Company and a compensation consultant to the Company, as approved by the Company’s Board of Directors and effective within three (3) months of the Issuance Date.
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Examples of New Incentive Plan in a sentence

  • The new incentive plan provided for in Section 6.5 of the Merger Agreement (the "New Incentive Plan") shall be designed to provide employees of New Dreyer's and its Subsidiaries with earnings opportunities that are not less favorable than their earnings opportunities under the Current Program, and that are competitive with market practices.

  • The other terms and conditions of the New Incentive Plan shall be comparable to those of the Current Program.

  • In the case of employees who are parties to employment agreements with the Company, such earnings opportunities shall be designed to meet the requirements of the preceding sentence over the length of the term of those agreements and such employees will have the opportunity to earn the full amounts which are made available to them under the New Incentive Plan during the term of those agreements.

  • The Company shall engage a consulting firm chosen by mutual agreement between the Company and Nestle to design the New Incentive Plan, subject to the approval of the Board of Directors of New Dreyer's, which approval shall be sought and obtained as soon as practicable after the Effective Time.

  • The terms of the New Incentive Plan shall be included in the Plan Supplement.

  • Under the New Incentive Plan, a portion of the overall equity compensation is anticipated to be paid in the form of restricted stock awards.

  • The various awards available under the Executive Incentive Plan are discussed below under the heading "Components of Compensation." On November 2, 2021, the Committee adopted the 2021 Executive Incentive Program (the "New Incentive Plan") to replace the Executive Incentive Plan.

  • Certain New Common Stock shall be reserved for issuance under the New Incentive Plan, in addition to shares reserved that may be issued pursuant to the Emergence Incentive Plan, as the Emergence Incentive Plan may be modified, with the consent of the Creditors’ Committee and the Ad Hoc Bondholders’ Committee, which consent shall not be unreasonably withheld, and which modification shall be disclosed in the Plan Supplement.

  • The execution and delivery of this Agreement and the consummation of the Investment Transactions (other than approval of the New Incentive Plan) have been duly and validly approved by the Parent Board.

  • The reserve number and New Incentive Plan terms are to be agreed to prior to the hearing on the Disclosure Statement.


More Definitions of New Incentive Plan

New Incentive Plan means the new stock plan of CIVC following the Business Combination to be approved by the CIVC Shareholders at the CIVC Meeting.
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New Incentive Plan means that certain stock incentive plan for the grant ------------------ of options to be exercisable for shares of Surviving Corporation Common Stock.
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New Incentive Plan means the compensation program that will be implemented by the
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New Incentive Plan means the evergreen stock option plan for new directors, officers, employees, advisors and consultants of Amalco to become effective at the Effective Time;
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New Incentive Plan means TMAC’s long-term incentive plan to be approved by TMAC Shareholders at the Meeting.
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Related to New Incentive Plan

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Stock Incentive Plan has the meaning set forth in Section 3(b) of the Agreement.

  • non-equity incentive plan means an incentive plan or portion of an incentive plan that is not an equity incentive plan;

  • Company Equity Incentive Plan means the Company’s omnibus equity plan, last approved by Company Shareholders on November 6, 2018 and as proposed to be amended at the Company’s May 7, 2019 shareholders’ meeting.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Omnibus Plan means the Hanesbrands Inc. Omnibus Incentive Plan of 2006, as amended from time to time, and any successor plan or plans. The long-term incentive described in this section (“Long-Term Cash Incentive Plan”) includes cash long-term incentives, but does not include stock options, RSUs, or other equity awards. Such amounts shall be payable as provided in section 2(c). Treatment of stock options, RSUs, or other equity awards shall be determined pursuant to the Executive’s award agreement(s). Executive shall not be eligible for any new Annual Incentive Plan grants, Long-Term Cash Incentive Plan grants, or any other grants of stock options, RSUs, or other equity awards under the Omnibus Plan during the Severance Period.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Share Incentive Plan means any one of the foregoing plans.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Stock Incentive Agreement means an agreement between the Company and a Participant or other documentation evidencing an award of a Stock Incentive.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • AIP means the Nucor Corporation Senior Officers Annual Incentive Plan and any successor plan.

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • RSU Plan means the restricted share unit plan of the Company;

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.