2011 Management Incentive Plan and Defined Terms Clause Samples
The '2011 Management Incentive Plan and Defined Terms' clause establishes the existence and applicability of a specific incentive plan for management, as well as the definitions of key terms used within that plan. This clause typically clarifies which employees are eligible for incentives, the types of awards that may be granted (such as stock options or bonuses), and references a glossary of defined terms to ensure consistent interpretation throughout the agreement. Its core practical function is to provide a clear framework for how management incentives are administered and to avoid ambiguity by standardizing terminology, thereby reducing the risk of disputes over plan provisions.
2011 Management Incentive Plan and Defined Terms. The Restricted Stock Unit Award is granted under and subject to the terms of the 2011 Management Incentive Plan, as amended and supplemented from time to time (the “Plan”), which is incorporated herein by this reference. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to them in the Plan.
2011 Management Incentive Plan and Defined Terms. The option is granted under and subject to the terms of the Company’s 2011 Management Incentive Plan, as amended and supplemented from time to time (the “Plan”), which is incorporated herein by this reference. Certain capitalized terms used herein are defined in Section 9 below but terms used herein, if not defined herein, shall have the same meaning for purposes hereof as provided by the Plan.