ELTIP definition
Examples of ELTIP in a sentence
The Awards include no other rights beyond those expressly provided in the Plan, the ELTIP or the Award Agreement.
The decisions of the Committee in interpreting and applying the ELTIP will be final.
If a Participant’s job responsibilities are reduced in scope or otherwise altered, the Participant shall automatically cease to participate in the ELTIP with respect to future Awards, unless otherwise determined by the Committee.
The terms and conditions of the Parent Option, including, without limitation, the vesting schedule shall be as set forth in the ELTIP and a stock option agreement to be entered into between Parent and Executive.
For fiscal years thereafter, awards under the ELTIP, if any, shall be made at such times as awards are made to executives generally.
The Committee will review the terms and conditions of the ELTIP annually in February of each year.
Notwithstanding the foregoing sentence, in the event of a termination of employment by Executive under the circumstances described in Section 9(b) hereof following a Change of Control, nothing in this Agreement shall reduce Executive’s entitlement, if any, to any payment or benefit pursuant to the ELTIP resulting from Executive’s termination of employment following a Change of Control.
For each fiscal year during the Employment Period commencing on the later of (i) the Effective Date and (ii) 2006, Executive shall be eligible to participate in Parent's Employee Long Term Incentive Plan, as amended from time to time (the "ELTIP").
Each ELTIP Participant will be eligible to receive an annual Award of Restricted Shares as determined by the Committee.
Tetra Tech further acknowledges that the RPS Remuneration Committee has determined that the performance targets relating to awards granted under the RPS ELTIP in 2022 will be satisfied in full but that the extent to which such awards will vest will be reduced by time pro-rating to take account of early vesting by reference to the period from 1 January 2022 up to the Longstop Date as a proportion of the normal vesting period.