Examples of PIP Plans in a sentence
Cash settled share based payments represent amounts amortised relating to the EDA and PIP Plans.
Amounts deposited from time to time in the PIP Reserve Account pursuant to this Section 6.6.1 are referred to herein as the “PIP Reserve Funds” and shall be disbursed to fund PIP Alterations at the Properties from time to time in accordance with the PIP Plans and the terms and provisions of Section 6.6.2 hereof.
Borrower agrees that if any Franchisor requires any PIPs in connection with new franchise agreements or amendments to existing Franchise Agreements contemplated in Section 4.3(c) hereof, Borrower shall deliver such PIPs, the related PIP Budgets, and any modifications to the PIP Plans or PIP Budgets (if applicable) to Lender for its reasonable approval in accordance with the requirements of the Loan Documents.
The CPIS will be installed in the (1) Restrictive Housing Unit (RHU) at BRCI, in two (2) RHU’s at Lee, in the one (1) RHU and in one the (1) Death Row unit at LCI, and in the one (1) RUHU at MCI.
The calculation of the proceeds payable to each Equityholder and each PIP Holder provided in the Distribution Schedule delivered to Buyer pursuant to Section 3.10 shall be determined in accordance with the Operating Agreement and each of the PIP Plans, as applicable.
Amounts deposited from time to time in the All-Purpose Reserve Account pursuant to Section 4.1(c) hereof are referred to herein as the “All-Purpose Reserve Funds”) and shall be disbursed to fund Approved Capital Expenditures and PIP Alterations contemplated by the applicable PIP Plans in accordance with the terms and provisions of Section 4.1(d)(ii) hereof.
In 2004, the Westfield Group introduced two new equity linked incentive plans – the EDA and the PIP Plans.
Borrower’s estimate of the PIP Budget, as well as the anticipated PIP start dates and the PIP Completion Dates for the PIP Plans is attached as Schedule 2.5(g)-2 hereto.
The timelines for completion of the PIP Plans and the PIP Completion Date, each shown on Exhibit P-3, attached hereto and made a part hereof, is an accurate indication of the expected timeline and deadline for completing the applicable PIP Plan as currently required by the applicable Franchisor.
Each of the PIP Plans attached as Exhibit P-1 and PIP Budgets attached as Exhibit P-2 are true, correct and complete as of the date hereof.