LICP definition
Examples of LICP in a sentence
Performance shares (or bookkeeping units representing such shares) outstanding under the LICP and the Reliant Energy, Incorporated Business Unit Performance Share Plan shall vest for the performance cycle ending December 31, 2000 according to the terms and conditions of the applicable Plan.
Outstanding Restricted Stock Awards (as defined in the LICP) under the LICP shall be treated in accordance with the terms of the LICP.
With respect to Restricted Stock Awards for the 1998-2000 Performance Cycle and 1999-2001 Performance Cycle, the Committee, as defined in the LICP, will make a determination as to the extent that the performance goals for the relevant performance cycles are expected to have been met.
For the period of the Term, your target LICP Bonus shall be increased to 75% of your current base salary.
The pro rata amounts shall be calculated as follows: The Salary Bonus and the LICP Bonus shall each divided by the total number of days in the Term, multiplied by the total number of days between July 6, 2021 and the date of your Qualifying Termination.
Performance shares (or bookkeeping units representing such shares) outstanding under the LICP and the Reliant Energy, Incorporated Business Unit Performance Share Plan shall vest for the performance cycle, ending December 31, 2000 and December 31, 2001 according to the terms and conditions of the applicable Plan.
The LICP Bonus will be paid in accordance with regular company policies, practices and timelines (“Payment Date 2”).
Accordingly, any Restricted Stock Award for the 2000-2002 Performance Cycle, as defined in the LICP, will be forfeited, as the Executive's termination will occur in the first year of this Performance Cycle.
Planning Agreements will not necessarily exclude the application of Development Contributions under the Goulburn Local Infrastructure Contributions Plan 2021 (LICP).
Outstanding REI Options that are unexercised and unexpired as of the Distribution Date (with the exception of those REI Options granted under the LICP to employees of any member of the REI Group in the year 2001 but effective as of the IPO Closing Date) shall be replaced with two options, subject to specific country tax and legal requirements, one a New REI Option and one a Resources Option as follows.