ESTIP definition

ESTIP means the Caterpillar Inc. Executive Short-Term Incentive Plan, as amended or any predecessor or successor to such plan.
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Examples of ESTIP in a sentence

  • In connection with the foregoing, under the terms of the Bank's Executive Short Term Incentive Plan (the "ESTIP"), annual cash bonuses can be awarded to the Executive in an amount equal to up to 200% of the Executive's Base Salary as in effect at the start of the ESTIP's plan year to which the bonus relates.

  • With respect to each full fiscal year of the Company during which Executive is an officer of the Company pursuant to this Agreement (each, a “Bonus Year”), Executive shall be entitled to participate in the ESTIP.

  • The calculation and payment to Executive of a performance bonus contemplated by this Section 2(b), if any, shall be determined and paid in accordance with the terms of the ESTIP.

  • This Agreement does not supersede the ESTIP, the CinC/SBP or other written plans of the Company in which Executive participates.

  • Executive Short Term Incentive Plan ("ESTIP") shall be retained by MediaOne and a new executive incentive plan (the "Communications ESTIP") shall be established by New U S WEST.

  • Awards under the ESTIP to Communications Employees shall be assumed by the Communications ESTIP and shall continue under their original terms subject to adjustment to reflect the transactions contemplated by the Separation Agreement; MediaOne shall cease to have any Liability with respect to such awards.

  • For avoidance of doubt, the Employee shall not be entitled to any payment under the ESTIP on or after the Retirement Date.

  • This Agreement is subject to the limitations of the ESTIP, as found in Chapter 6, Article VIII of the Superior Municipal Code, including without limitation the definitions contained therein.

  • Executive Short Term Incentive Plan (“ESTIP”) ($680,000), payable in equal monthly installments in accordance with Company’s usual payroll practices over a period of twelve (12) months following the Termination Date and (y) Employee’s 2023 annual ESTIP bonus paid based 80% on the final 2023 financial factor and 20% on the individual performance factor at target (1.0), payable as soon as administratively feasible following the Determination Date (as defined in the ESTIP) (“Severance Payment”).

  • Also approved by Council on August 12th was Resolution CR-80 which is the First Amendment to the ESTIP Agreement which secures the payment obligation under Section 5a of the Second Amendment to the Redevelopment Agreement.

Related to ESTIP

  • 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.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • 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.

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

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