2005 RTU Plan definition

2005 RTU Plan means Enerplus’ 2005 Executive Restricted Trust Unit Plan dated effective October 21, 2005.For information regarding the estimate of contingent resources in this Information Circular, see the Fund’s Annual Information Form for the year ended December 31, 2009 which is dated March 12, 2010 and which is available on the Fund’s SEDAR profile at www.sedar.com and which forms part of the Fund’s Form 40-F which is available on EDGAR at www.sec.gov.Compensation Discussion and AnalysisEnerplus is in the midst of a significant strategic transformation. Historically, Enerplus was focused on being an income-oriented energy trust and concentrated its growth on acquisitions and development of long life, low risk, mature assets. Going forward, Enerplus is altering its direction to a model which focuses on both growth and income. To accomplish this, Enerplus has begun to execute on a business plan involving capturing and developing resources earlier in the life cycle of resource plays. Practically, the effect of this change in focus requires not only different assets of the Fund but also different skill sets to navigate the transition over the next few years. As such, the Fund’s compensation structure and staffing decisions have been and will continue to be impacted.Compensation PhilosophyEnerplus’ executive compensation philosophy is designed to align the short-term and longer-term actions and decisions of executives with its goal of maximizing value for its Unitholders. Enerplus believes that in order to achieve this end, its executive compensation must:· be effective in attracting and retaining highly qualified executive talent; · motivate executives by providing incentives and rewarding executives for implementing Enerplus’ business strategy and increasing value for Unitholders; and· be competitive with industry peers.Enerplus’ compensation philosophy balances short-term performance with long-term Unitholder value creation. The short-term incentive program predominantly rewards execution of the annual business plan based on several factors. These factors include a number of key operational metrics, TUR compared to an industry peer group and execution of Enerplus’ strategic initiatives.Enerplus’ long-term incentive plans are designed to both incent executives to grow TUR over time and to retain executives. With respect to 2009 compensation, the long-term incentive plans were designed to accomplish this through grants made to executives under Enerplus’ TURIP, which is ...

Examples of 2005 RTU Plan in a sentence

  • Kerr, Tanner, Waters and Dundas, would be paid in the form of RTUs under the 2005 RTU Plan, with initial target grant amounts as follows: Gordon J.

  • Date of publication April 25, 2018; date of current version August 15, 2018.

  • Kerr, Tanner, Waters and Dundas, would be paid in the form of RTUs under the 2005 RTU Plan, with initial target dollar award amounts as follows: Gordon J.

  • On April 2, 2007 the Board granted RTUs under the 2005 RTU Plan to the executive officers of Enerplus, excluding Gordon J.

  • Incentive Plan Awards - Value Vested or Earned During the Year The following table sets forth the value of the awards that vested or were earned in 2009 for each Named Executive Officer under Enerplus' TURIP (which are "option-based awards" in the table below) and under its 2005 RTU Plan, Executive FVU Plan, Executive PTU Plan and EPIP (each of which are "Trust Unit-based awards" in the table below), as well as the amount of non-equity incentive plan awards (i.e., cash bonuses) earned during the year.

  • Johnson did not hold any of these RTUs. See “ – 2005 Restricted Trust Unit Plan” below for a description of the 2005 RTU Plan.

  • Incentive Plan Awards - Value Vested or Earned During the YearThe following table sets forth the value of the awards that vested or were earned in 2008 for each Named Executive Officer under Enerplus' TURIP and under its 2005 RTU Plan and Executive FVU Plan, as well as the amount of non-equity incentive plan awards (i.e., cash bonuses) earned during the year.

  • Johnson did not hold any of these RTUs. See " – 2005 Restricted Trust Unit Plan" below for a description of the 2005 RTU Plan.

  • The table also includes outstanding grants made under Enerplus' 2005 RTU Plan, Executive FVU Plan and Executive PTU Plan, as awards under those plans are considered "share-based awards" under applicable securities laws.

Related to 2005 RTU Plan

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

  • 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.

  • 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;

  • 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 Company or the Corporation.

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

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

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

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

  • SIP means Session Initiation Protocol.

  • 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.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award 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;

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

  • 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;

  • 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 Managing Member 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.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.