PIP Plans definition

PIP Plans means the LTS Group Holdings LLC 2013 Performance Incentive Plan and the LTS Group Holdings LLC 2015 Performance Incentive Plan.
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PIP Plans means the plans and specifications for the PIP. “PIP Reserve Funds” shall have the meaning set forth in Section 4.5 hereof. “PIP Work” shall mean the work to be completed pursuant to the PIP Approved Plans. “Pledge Agreement” shall mean, individually and/or collectively, as the context may require, the HoldCo Pledge Agreement and the MezzCo Pledge Agreement, as the same may hereafter be amended, supplemented or otherwise modified. Any references in this Agreement to
Sample 1
PIP Plans means the plans and specifications for the PIP. “PIP Reserve Funds” shall have the meaning set forth in Section 4.5 hereof. “PIP Work” shall mean the work to be completed pursuant to the PIP Approved Plans. “Pledge Agreement” shall mean, individually and/or collectively, as the context may require, the HoldCo Pledge Agreement and the MezzCo Pledge Agreement, as the same may hereafter be amended, supplemented or otherwise modified. Any references in this Agreement to","samples":[{"uri":"/contracts/lRuL7eJKDJO#pip-budget","label":"Loan Agreement (CaliberCos Inc.)","score":18}],"size":1,"hash":"7f58c25c4c0d2b3a262f08d9250871b7","id":8},{"snippetLinks": [{"key":"meaning","type":"clause","offset":[15,22]},{"key":"set-forth","type":"definition","offset":[23,32]},{"key":"project-loan-agreement","type":"clause","offset":[40,62]}],"snippet":"shall have the meaning set forth in the Project Loan Agreement.","samples":[{"uri":"/contracts/bOAmLcuJHgb#pip-budget","label":"Term Loan Agreement (Hersha Hospitality Trust)","score":21}],"size":1,"hash":"dd474f53b593bc971257129dce98fe7d","id":9}],"nextCurs":""}} id=pagination-first-page> UPSC / State PSC □□ □□□□□□ □□□□ □□□□ □□□□□□□□□□□ □□ PIB □□ □□□□□ □□□□□ ? □□□□ □□□□□ □□ □□□□□□□ □□□□□ □□□ – □□□□□□□□, □□□□□□□□□□□ □□ □□□□□□□□□□□ □□ □□□□□□□□ □□□□□□□□□□ □□ □□□□□□□□□ □□□□□ □□□□ □□
Sample 1

Examples of PIP Plans in a sentence

  • 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.

  • Our President and Chief Executive Officer was not a member of the Compensation Committee during the 2010 fiscal year and did not participate in the decisions as to his compensation package.

  • 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.

  • Lender hereby approves the PIP Budgets related to the PIP Plans for following Properties, which form a part of Schedule P-2 attached hereto and are expected to commence within sixty (60) days of the date hereof: (i) Courtyard Dalton, Georgia, (ii) Courtyard Houston, Texas, (iii) Homewood Suites Augusta, Georgia, (iv) Homewood Suites Orlando, Florida, and (v) Residence Inn Jacksonville, Florida (collectively, the “Closing-Approved PIP Budgets”).

  • Each of the copies 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.

  • In 2004, the Westfield Group introduced two new equity linked incentive plans – the EDA and the PIP Plans.

  • Following changes to Australian tax laws in 2007, during the Financial Year, the Westfield Group introduced two new performance rights plans which function in the same manner as the EDA and PIP Plans except that entitlements are satisfied by the issue or transfer of a Westfield Group security to the plan participants (as opposed to payment of a cash amount).

  • 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.

  • After all of the PIP Alterations have been completed in accordance with the PIP Plans and Borrowers shall have provided evidence reasonably satisfactory to Lender that the applicable Franchisors have accepted the PIP Alterations as complete, any PIP Reserve Funds remaining on deposit in the PIP Reserve Account shall be deposited into the FF&E Account for application in accordance the terms of Section 6.5 hereof.

Related to PIP Plans

  • Company Plans has the meaning set forth in Section 3.13(a).

  • HACCP plan means a written document that delineates the formal procedures for following the Hazard Analysis Critical Control Point principles developed by The National Advisory Committee on Microbiological Criteria for Foods.

  • Old Plans shall have the meaning set forth in Section 5.11(b).

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • New Plans has the meaning set forth in Section 5.5(b).

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Pension Plans The meaning specified in Section 4.1(v).

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Plans means all maps, drawings, sketches and layout as incorporated in the Contract in order to define broadly the scope and specifications of the work & works and all reproductions thereof.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Sub-Plans means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting the offering of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the United States of America, with each such sub-plan designed to comply with local laws applicable to offerings in such foreign jurisdictions. Although any Sub-Plan may be designated a separate and independent plan from the Plan in order to comply with applicable local laws, the Absolute Share Limit and the other limits specified in Section 5(b) shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

  • 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.

Most Referenced Clauses

Most Referenced Definitions