Target LTIP definition

Target LTIP. The target award pursuant to the LTIP (the “Target LTIP”) shall be 25,685 shares of the Company’s common stock.
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Target LTIP granted in equal portions of one-half of the Long Term Incentive as a time-vesting restricted stock grant (the “Restricted Shares”), vesting ratably over three years (one-third per year from the date of grant), and one-half of the award as performance shares (the “Performance Shares”), cliff vesting after three years from the beginning of the performance period. In each case the terms and conditions of any Restricted Shares and Performance Shares shall be governed by separate agreements, entered into between Employee and Company consistent with this Agreement. Beginning in 2019, the Employee’s equity and/or other long-term incentive awards for each calendar year during the Employment Term shall be granted by the Company to the Employee at approximately the same time that annual equity and other long-term incentive awards are granted by the Company to other Company senior executives. 5.
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Target LTIP means the Target Incentive Plan 2005 (as amended from time to time);
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Examples of Target LTIP in a sentence

  • The LTIP Payment is contingent on Executive’s acknowledgment that Executive shall not have Good Reason to terminate Executive’s employment due to the Company’s failure to provide Executive with the Target LTIP Amount (as defined in the Employment Agreement).

  • The Board (or a committee of directors delegated by the Board) will review the Target LTIP Award from time to time, but at least annually, during the Employment Term, but may not reduce the Executive’s then existing Target LTIP Award without the Executive’s prior written consent and agreement.

  • The LTIP Awards that vest based, in part, on performance-based vesting conditions shall be structured to provide an additional opportunity equal to twice the Target LTIP Award applicable to the performance-based awards in the event that the Company exceeds the performance measures established by the Board (or committee thereof).

  • For each calendar year after 2020, the Target LTIP Award and any applicable performance measures will be determined by the Board (or a committee of directors delegated by the 3 Board) in consultation with the Executive.

  • The Bidder agrees that the extent to which FY20 PSU Awards and FY21 PSU Awards that have not vested prior to the Court Sanction Date vest in connection with the Acquisition, is to be determined solely by the Target Remuneration Committee, in accordance with the rules of the Target LTIP and, where applicable, the Target’s remuneration policy.


More Definitions of Target LTIP

Target LTIP. Award shall mean the number of performance shares or performance share units, as applicable, that Executive shall be entitled to receive under the LTIP with respect to any performance period (as defined in the applicable program or plan) that includes the Date of Termination, such number to be determined as if Executive satisfied the remaining performance requirements and was entitled to the target pay out level under the long term incentive program with respect to such performance periods.
Sample 1
Target LTIP granted in equal portions of one-half of the Long Term Incentive as a time-vesting restricted stock grant, vesting ratably over three years (one-third per year from the date of grant) (the “Restricted Shares”), and one-half of the award as performance shares, cliff vesting after three years from the beginning of the performance period (the “Performance Shares”). In each case the terms and conditions of the Restricted Shares and Performance Shares shall be governed by separate agreements, entered into between Employee and Company consistent with this Agreement. Beginning in 2019, the Employee’s equity and/or other long-term incentive awards for each calendar year during the Employment Term shall be granted by the Company to the Employee at approximately the same time that annual equity and other long-term incentive awards are granted by the Company to other Company senior executives. (ii) In addition, in recognition of the Employee’s appointment as Chief Financial Officer of the Company, the Company will, under the Company’s 2012 Incentive Award Plan, as amended, grant the Employee1: (i) an award of _________ Restricted Shares of the Company’s common stock vesting as follows: 33.3% will vest on April 1, 2019, 33.3% will vest on April 1, 2020 and 33.4% will vest on April 1, 2021 (the “Initial Restricted Stock Award”); and (ii) an award of Performance Shares with a target number of _________ Performance Shares vesting as follows: a one-time cliff vesting on April 1, 2021 (“Initial Performance Share Award”). The Initial Restricted Stock Award and Initial Performance Share Award will be granted effective on the Effective Date. The terms and conditions of the Initial Restricted Stock Award shall be set forth in separate award agreement in the form attached hereto as Exhibit B (the “Restricted Stock Agreement”) to be entered into by the Company and the Employee. The terms and conditions of the Initial Performance Share Award shall be set forth in separate award agreements in the form attached hereto as Exhibit C (the “Performance Share Award Agreement” and together with the Restricted Stock Agreement, the “Award Agreements”) to be entered into by the Company and the Employee. 5.
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Related to Target LTIP

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Target means Trans-European Automated Real-time Gross Settlement Express Transfer payment system.

  • PSU means Public Sector Undertaking

  • 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.

  • target unit means a facility or group of facilities to which an underlying agreement applies; “tCO2 equivalent” means tonnes of carbon dioxide equivalent;

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

  • Company PSU means a restricted stock unit issued by the Company pursuant to a Company Equity Plan that vests in whole or in part upon the achievement of one or more performance goals (notwithstanding that the vesting of such restricted stock unit may also be conditioned upon the continued services of the holder thereof), pursuant to which the holder has a right to receive Shares after the vesting or lapse of restrictions applicable to such unit. “Company PSU” shall not include Company RSUs.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Equity Awards will mean Executive’s outstanding stock options, stock appreciation rights, restricted stock units, performance shares, performance stock units and any other Company equity compensation awards.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • 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.

  • Company PSUs means any performance-based restricted stock units of the Company, whether granted pursuant to any of the Company Stock Plans or otherwise.

  • TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • DSU Plan means the Deferred Share Unit Plan of the Corporation.

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • RSU Plan means the restricted share unit plan for senior officers, employees and consultants adopted in November of 2008 by Jaguar, as amended from time to time;

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

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).