SIP Clause Samples
The SIP (Systematic Investment Plan) clause outlines the terms and conditions under which regular, scheduled investments are made into a financial product, such as mutual funds or retirement accounts. Typically, this clause specifies the frequency, amount, and method of investment, and may address procedures for modifying or terminating the plan. By establishing a clear framework for recurring contributions, the SIP clause helps investors automate their savings, promote disciplined investing, and reduce the impact of market volatility through dollar-cost averaging.
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SIP. For periods after December 31, 1996, the Executive shall not be entitled to any Long-Term Incentive Share Awards, but shall be entitled to participate in the Strategic Incentive Plan (the "SIP") in accordance with its terms as in effect from time to time; subject to the following:
(i) The amount of the maximum award opportunity for the Executive under the SIP for each SIP performance period shall be not less than 100% of the Executive's salary for the period of the entire performance period, with the minimum value of the award for the period not less than 75% of the Executive's salary for the performance period if the target goals established by the Board for the performance period are achieved.
(ii) Notwithstanding the provisions of the SIP to the contrary, the Executive's rights to benefits under the SIP on termination of employment shall be determined in accordance with the provisions of paragraph 4 of this Agreement.
SIP. (a) In General Company has previously established the SIP for the benefit of its employees. As soon as practicable after the date hereof and effective as of the Distribution Date, Company shall take, or cause to be taken, all necessary and appropriate action to allow each Company Transfer Employee to be enrolled in the SIP as soon as practicable after his or her Transfer Date. Effective no later than the Distribution Date, Company shall cause the SIP to be amended such that amounts under the SIP after such date shall not be applied to purchase the common stock of Parent.
SIP. “SIP,” when immediately preceded by “BMS,” means the BMS Savings and Investment Program, a defined contribution plan. When immediately preceded by “BMSPR,” “SIP” means the BMSPR Savings and Investment Program, a defined contribution plan. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified under U.S. Code Section 401(a) and exempt from taxation under U.S. Code Section 501(a)(1), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by U.S. ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMS SIP prior to the Separation Date in accordance with Section 6.1. When immediately preceded by “▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇,” “SIP” means the defined contribution plan funded by a trust that is qualified and exempt from taxation under PR Code 1165(a), and pursuant to ERISA Section 1022(i)(1), under U.S. Code Section 501(a), to be established by ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by US ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under the BMSPR SIP prior to the Separation Date in accordance with Section 6.1.
SIP. The Bidders acknowledge and agree that the acquisition of “Partnership Shares”, “Matching Shares” and “Dividend Shares” under the SIP may continue until the last reasonably practicable normal purchase date before the date of the Scheme Order.
SIP. Session Initiated Protocol is a protocol used in VoIP communications allowing users to make voice calls.
SIP. The "SIP" shall hereinafter mean the Site Improvement Plan set (as defined in Section 27 of the ▇▇▇▇▇▇▇ County Zoning Resolution) SP0 - for , ▇▇▇▇▇▇▇ County, Colorado, which has been presented to the County and is expected to be approved by the County at the time of, and in connection with, approval of this Agreement by the County.
SIP. If no waiver as described in the next sentence is obtained, Cardinal shall assume the obligations of Allegiance under the Facility and Guaranty Agreement (the "Facility Agreement") dated as of May 2, 1997 by and between Allegiance, the Lenders thereunder and The First National Bank of Chicago ("First National"), individually and as Agent for the Lenders thereunder. Cardinal shall cooperate and use its best efforts to cause First National to waive the provisions for early repayment upon the occurrence of a Change of Control set forth in Section 2(a) of the Form of Master Promissory Note under the Facility Agreement.
SIP. SIP, when immediately preceded by “▇▇▇▇-▇▇▇▇▇,” means the ▇▇▇▇-▇▇▇▇▇ Corporation Savings Investment Plan. When immediately preceded by “Tronox,” SIP means the tax-qualified defined contribution retirement plan to be established by Tronox pursuant to Section 2.03 that corresponds to the ▇▇▇▇-▇▇▇▇▇ SIP.
SIP. If the parties fail to Close for any reason, the Franchise Agreement, SIP Agreement, and any other agreements thereto, shall remain in full force and effect in accordance with their terms.
SIP. In consideration of the Restrictive Covenants Extension, Employee’s remaining 2011 SIP payment of Three Hundred Thirty Three Thousand Dollars and No Cents ($333,000.00) shall be paid at the same time as similar payments are made to other executives of the Company in the ordinary course, but no later than March 15, 2014. Employee acknowledges and agrees he is not entitled to any payment in respect of the 2013 SIP.