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. 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.
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Examples of Target LTIP in a sentence

  • The Board (or a committee of directors delegated by the Board) will review the Target LTIP Award (and any applicable performance measures) 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 Executive will be a participant in the Long-Term Incentive Plan (the "LTIP"), and the Executive's annualized target award opportunity under the LTIP will be equal to no less than seventy-five percent (75%) of his Annual Base Salary (the "Target LTIP Bonus").

  • The Executive will be a participant in the Long-Term Incentive Plan (the "LTIP"), and the Executive's annualized target award opportunity under the LTIP will be equal to no less than seventy percent (70%) of his Annual Base Salary (the "Target LTIP Bonus").

  • The Company has agreed that, starting on the Expiration Date (as defined herein) and ending on the close of business on the 180th day following the Expiration Date, it will make this Prospectus available to any broker-dealer for use in connection with any such resale.

  • With respect to each Performance Period, the Committee shall communicate to each Key Employee the Target LTIP Award applicable to such Performance Period.

  • For each LTIP Component, Executive shall have the potential to earn zero percent (0%), fifty percent (50%), one hundred percent (100%) or two hundred percent (200%) of the portion of the Target LTIP that is attributable to such LTIP Component.

  • 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 2016 Remuneration Policy establishes a long-term incentive award with a target level of vesting (Target LTIP) of 200% of Salary.

  • The Target LTIP composition is of Stock Options, RSUs and any other long-term equity performance instrument the Board decides to implement at a future date.

  • Thereafter, the CEO and the HR Director shall determine, taking into account Executive’s performance, the amount of any LTIP payout to Executive, which may be between 0% and 200% of Executive’s Target LTIP Amount, and cause Ultra to pay Executive, on Ultra Resources’ behalf, the applicable Equity Incentive, if any.


More Definitions of Target LTIP

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.
Sample 1
Target LTIP means the Target Incentive Plan 2005 (as amended from time to time);
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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 with respect to Common Stock that was granted subject to performance-based vesting conditions.

  • 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;

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

  • Company PSUs means the outstanding performance share units of the Company issued pursuant to: (i) the Company Legacy Equity Incentive Plan; and (ii) the Company PRSU Plan.

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

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

  • 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 the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

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

  • EIP means the Company’s 2006 Equity and Incentive Plan, as amended from time to time, or any successor plan.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.