Incentive Option Plan definition
Examples of Incentive Option Plan in a sentence
Teachers can elect to participate in only one of the mutually exclusive retirement plans; the Retirement Incentive Option Plan or the Early Retirement Option Plan.
Retirement Insurance Program Retirees under the Retirement Incentive Option Plan shall not be eligible to remain on District insurance, except in accordance with COBRA.
Teachers who retire with ten (10) years or more experience in District 15 will be permitted to enroll in the District medical/dental benefit plan at their own cost, for a period of five (5) years following retirement, except those retiring pursuant to Article XX paragraph B (Retirement Incentive Option Plan), Letter of Agreement 1: VSOP (contained in the 2006-2009 CTC Negotiated Agreement) the premium rate for such insurance shall be equal to 100% of the active employee rate.
Schedule A Initial Allocation of Management Incentive Option Plan Employee % of total number of shares of common stock issued at closing(1) --------------------------------------------------------------------------- ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ 1.500% ▇▇▇▇▇ ▇▇▇▇▇▇ 0.625% ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 0.625% ▇▇▇▇▇▇ ▇▇▇▇▇ 0.625% ▇▇▇▇ ▇▇▇▇▇▇▇ 0.625% ▇▇▇▇▇ ▇▇▇▇▇ 0.625% Other Employees(2) 2.875% Total 7.500% -------------- 1 Closing of the Merger.
You are also eligible to participate in the Company’s ESOP (Employee Incentive Option Plan).
In consideration for the irrevocable notice of intent to retire and retirement under TRS and the contractual Retirement Incentive Option Plan, the District shall make a four (4) year cash payment (as a contribution toward TRIP or other non-District insurance) following retirement in the amount of three hundred seventy five ($375) per month for single and an additional two hundred fifty dollars ($250) per month for a Teacher’s spouse.
All grants are subject to the terms of the Contact Gold Omnibus Stock and Incentive (Option) Plan ("SOP"), as amended from time to time and any applicable Stock Option Agreement, except to the extent otherwise provided in this Agreement.
Pursuant to the Incentive Option Plan as presently constituted, the Company granted certain employees options to purchase 8,554 shares of Common Stock at an exercise price of $725 per share.
The Gain shall be the amount equal to the Fair Market Value of Units of Partnership subject to the Option on the Date of Exercise minus the Exercise Price (as such terms are defined in the Incentive Option Plan).
In consideration for the irrevocable notice of intent to retire and retirement under TRS and the contractual Retirement Incentive Option Plan, the District shall make a four (4) year cash payment following retirement in the amount of three hundred seventy five ($375) per month for single and an additional two hundred fifty dollars ($250) per month for a Teacher’s spouse.