LIP Award definition

LIP Award means the amount of the bonus payment calculated under Section 6 of this Plan.
Sample 1

Examples of LIP Award in a sentence

  • Canadian Pacific Railway (CPR) – Widen existing crossing, level the tracks, renew the track bed, install new signals and protection arms.

  • The Compensation Committee in its discretion may provide for an individual to receive a LIP Award despite such individual’s having ceased to be an Eligible Executive before the end of the Plan Year.

  • Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.Dated: August 5, 2020/s/ Joseph E.

  • Because one of the objectives of the Plan is to encourage continuity of service, in all other cases of termination before the Payment Date, an Eligible Executive shall have no right to any LIP Award.

  • An individual hired as an Eligible Executive after the beginning of the Plan Year but before July 1 of the Plan Year shall be deemed to be in Active Employment during the Plan Year, but any LIP Award for such Eligible Executive shall be calculated using only the Base Salary he or she earns while he or she is an Eligible Executive during the Plan Year, unless otherwise provided through any separate agreement between the Company and the Eligible Executive.

  • Since the Target Subsidiary purchases the products in bulk, the bulk discount obtained from the suppliers allows the Target Subsidiary to offer a more competitive price for its products to the customers.

  • Except as set forth in paragraphs D, E or F below, if an individual ceases to be an Eligible Executive before the end of the Plan Year, he or she shall not be eligible for a LIP Award under the Plan.

Related to LIP Award

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Cash Award means an award denominated in cash.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • PSU means Public Sector Undertaking