Incentive Plan definition
Examples of Incentive Plan in a sentence
The Incentive Awards shall be subject to the terms and conditions of Grindr’s 2022 Equity Incentive Plan or any successor plan thereto (as amended from time to time, the “Plan”) and an applicable award agreement thereunder.
This Agreement, the Employment Agreement, the RCA and all documents related to Employee’s awards under the Long-Term Incentive Plan constitutes the entire agreement between the parties with regard to the subject matters described herein, except that this Agreement controls in the event of an inconsistency between the terms of this Agreement and either the Employment Agreement, the RCA or documents related to Employee’s awards under the Long-Term Incentive Plan.
Each outstanding equity or equity-based award under the Vestis Corporation Long-Term Incentive Plan (the “Long-Term Incentive Plan”) held by Employee as of the Separation Date that is not otherwise vested (and, if applicable, exercisable) as of the Separation Date (each such award is referred to herein as an “Unvested Equity Award”), is set forth on Appendix A hereto, which Appendix A is incorporated into and forms a part of this Agreement.
The Initial LTIP Award shall be subject to the terms and conditions of the Incentive Plan and the applicable award agreements thereunder.
For each fiscal year beginning with fiscal year 2025, Executive shall be entitled to receive long-term incentive (LTI) equity or equity-based awards under the Vestis Corporation Long-Term Incentive Plan or a successor thereto (the “Long-Term Incentive Plan”) with a target grant date value of six hundred thousand dollars ($600,000.00), subject in each case to approval of such awards by the Compensation and Human Resources Committee of the Board (the “Committee”).