KELTIP definition

KELTIP means Fairmont's Key Employee Long-Term Incentive Plan.
Sample 1

Examples of KELTIP in a sentence

  • Background and Purposes of the Plan Bay State Gas Company (the "Company") adopted the Bay State Gas Company Key Employee Long-Term Incentive Plan, as most recently amended and restated on October 1, 1996 ("KELTIP") to provide long-term incentives and to increase the opportunity for ownership of stock in the Company by those employees of the Company and its affiliated companies who are directly responsible for the management, growth and success of the Company's business.

  • In addition to providing the incentives and opportunity enhancements fostered by the KELTIP, the Plan is intended to achieve the following three goals by providing long-term stock-based incentives to employees who contribute directly to the Company's success and advancement of the Company's legitimate interests: (1) align the interests of Company employees and shareholders; (2) encourage superior employment performance; and (3) stimulate employee teamwork and commitment.

  • Effective October 1, 1997, the KELTIP was amended and restated as the Bay State Gas Company Stock Performance Sharing Plan (the "Plan").

  • Notwithstanding the foregoing, any provisions providing for the forfeiture of awards or the recovery of gains from the exercise of awards under the 1989 Key Employee Long Term Incentive Plan or the KELTIP (or applicable award agreements under such plans) shall no longer apply upon and following a Change in Control.

  • The decisions of the Committee in interpreting and applying the KELTIP will be final.

  • All units granted under the KELTIP in 2004 and 2005 will accelerate and the persons granted units would be entitled to be paid amounts as calculated under the KELTIP within thirty days of the date of the change of control.

  • The restricted stock shall be granted under the KELTIP and shall be issued pursuant to the terms and conditions set forth in Exhibit D.

  • If an executive’s employment terminates for any other reason, including for cause, prior to the scheduled vesting date of restricted shares or KELTIP units, the shares and units, respectively, are forfeited upon termination unless otherwise determined by the Company.

  • The stock options shall be granted under the KELTIP and pursuant to the terms and conditions set forth in Exhibit C.

  • Consists of 333,301 shares of common stock held directly and 1,255,000 shares of common stock that can be acquired under KELTIP units, all of which are vested and can be settled in cash or common stock at the option of the Company.

Related to KELTIP

  • 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.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • ICP means an installation control point being 1 of the following:

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

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

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Company or the Corporation.

  • CIP means Carriage and Insurance Paid up to Consignee site. Additionally the Insurance (local transportation and storage) would be extended and borne by the Supplier from ware house to the consignee site for a period including 3 months beyond date of delivery.

  • SIP means Session Initiation Protocol.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

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

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Equity Incentive Plans means any equity incentive plans for officers, employees or Directors of the Company.

  • System for Award Management (XXX) means the Federal repository into which an Entity must enter the information required under the Transparency Act, which may be found at xxxx://xxx.xxx.gov.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies: