Staff Incentive Plan definition

Staff Incentive Plan means the plan introduced in July 2014 related to cash payments to qualifying employees upon the occurrence of the Exit Transactions. See “Management—Staff Incentive Plan.”
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Examples of Staff Incentive Plan in a sentence

  • Fixed remuneration consists of base remuneration, employer contributions to superannuation funds as well as securities issued under the Staff Incentive Plan as part of the Group’s cashflow conservation strategy.

  • He was also issued 300,000 Employee Performance Rights, 1,250,000 Executive Performance Rights and 1,000,000 SP Performance as part of the Company‟s Staff Incentive Plan.

  • The world is out there waiting to be “discovered” and the observer has the possibility to take an objective distance between him/herself and the observed phenomena so he/she could take an objective stance towards the nature of matter ‐ this is described as the “discoverer epistemology” by Flach and Voorhorst [128].

  • The Staff Incentive Plan introduced comprised: Remuneration in Securities The Executive Directors and a number of senior staff agreed to convert part of their cash based remuneration into security based remuneration.

  • FY2017 Performance Rights Vesting of 299,282 FY2017 Performance Rights granted under the FY2017 Executive & Senior Staff Incentive Plan (ESSIP).One ordinary fully paid share has been purchased on-market by the Fortescue Employee Share Trust for each FY2017 ESSIP Performance Right that has vested.

  • While there was indeed a significant pay gap, the division also had not been able to leverage the State’s Hard to Staff Incentive Plan and Middle School Teacher Corps.

  • The amount charged for the year was $383,642,000 (2018 - $313,372,000) and is included in other payables.During 2018, the company transferred 5% (60,057,464) of the issued stock units in its subsidiary, Mayberry Jamaican Equities Limited to Mayberry Asset Management Limited for the establishment of an Executive and Staff Incentive Plan (note 1).32.

  • During the year, the Group implemented a Staff Incentive Plan with the following core objectives: ● Conserving cash by converting cash based remuneration to security based remuneration;● Attract and retain staff;● Align executives incentives to the Company‟s annual recurring revenue targets; and● Align remuneration with shareholders through employees having an equity interest in the Company.

  • He was also issued 300,000 Employee Performance Rights and 1,250,000 Executive Performance Rights as part of the Company‟s Staff Incentive Plan.

  • Professional Staff Incentive Plan The long term incentive scheme in place for professional staff has been replaced for future years by a new Equity Incentive Plan that provides a more direct link between individual performance and incentive achievement.

Related to Staff Incentive Plan

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

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

  • 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;

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

  • 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.

  • 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.

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

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

  • 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.

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

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

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

  • 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 Partnership or the General Partner, including the Plan.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

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

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

  • 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.

  • AIP means the Company's Annual Incentive Plan as it exists on the date hereof and as it may be amended, supplemented or modified from time to time or any successor plan.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

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

  • SIP means Session Initiation Protocol.

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

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.