FTX LTPIP definition

FTX LTPIP means either or both of the Freeport-McMoRan Inc. 1987 Long-Term Performance Incentive Plan and the Freeport-McMoRan Inc. 1992 Long-Term- Performance Incentive Plan.
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FTX LTPIP means either or both of the Freeport-McMoRan Inc. 1987 Long-Term Performance Incentive Plan and the Freeport-McMoRan Inc. 1992 Long- Term-Performance Incentive Plan. 19 (u) "FTX Pension Plan" shall mean the Freeport- McMoRan Inc. Employee Retirement Plan. (v) "FTX PIAP" shall mean the Freeport-McMoRan Inc. Performance Incentive Awards Program. (w) "FTX SECAP" shall mean the Freeport-McMoRan Inc. Supplemental Executive Capital Accumulation Plan. (x) "FTX Shares" shall mean shares of FTX common stock, par value $1 per share. (y) "FTX Stock Plan" shall mean any plan of FTX, other than an FTX Executive Plan, under which any award is or has been granted to FTX employees, officers or directors and is outstanding on the Effective Date, which award relates to FTX Shares, including, without limitation, options, stock appreciation rights, performance units, stock incentive units, Limited Rights, as defined in any such Plan, tax-offset payment rights, etc. (z) "Retired Employees" shall mean all former, retired and long-term disabled employees of FTX and its subsidiaries (including FCX), as of the Distribution Date. (aa) "Rule 16b-3" shall mean Rule 16b-3 promulgated under Section 16 of the Securities Exchange Act of 1934, and any successor provision. (bb) "Section 162(m)" shall mean Section 162(m) of the Code and any memoranda or decisions issued by the Internal Revenue Service or the Department of the Treasury with respect thereto. (cc) "Securities Act" shall mean the Securities Act of 1933, as amended. (dd) "SIU Plan" shall mean the Freeport-McMoRan Copper & Gold Inc. Stock Incentive Unit Plan, adopted pursuant to paragraph 6. (ee) "Stock Plan" shall mean the Freeport-McMoRan Copper & Gold Inc. 1995 Stock Option Plan, adopted pursuant to Paragraph 6. (ff) "Transferred Employees" shall mean those active employees of FTX or its subsidiaries (other than FCX) who by mutual agreement between FTX and FCX become employees of FCX or one of its subsidiaries following the 20 Distribution. Any such employee shall be considered a Transferred Employee whether or not such employee remains employed by FTX following the Distribution.
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Examples of FTX LTPIP in a sentence

  • As of the Transferred Employees' respective Effective Dates, FTX shall calculate the liability of FTX and its subsidiaries other than FCX in respect of such Transferred Employees' deferred compensation, including without limitation deferred awards under the FTX PIAP, FTX AIP, FTX LTPIP and predecessor plans, if any.

  • As of the Distribution, FTX shall calculate the liability of FTX and its subsidiaries in respect of the Transferred Employees' deferred compensation, including without limitation deferred awards under the FTX PIAP, FTX AIP, FTX LTPIP, and predecessor plans, if any.

Related to FTX LTPIP

  • OPC has the meaning specified in the recital of parties to this Agreement.

  • DSU means a deferred share unit, which is a bookkeeping entry equivalent in value to a Share credited to a Participant’s Account in accordance with Article 4 hereof;

  • DCP means disclosure controls and procedures;

  • RemainCo shall have the meaning set forth in the Preamble.

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.