Long-Term Incentive Plan definition

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;

Long-Term Incentive Plan means the Company’s 2005 Long-Term Incentive Plan or other long-term incentive plan of the Company pursuant to which Executive receives Equity Based Awards, as in effect from time to time.

Long-Term Incentive Plan or “LTIP” means the American Electric Power System Long-Term Incentive Plan, as amended from time to time, including any successor plan or plans. The LTIP that is in effect as of the date this Plan is executed is entitled the “Amended and Restated American Electric Power System Long-Term Incentive Plan – Approved by Shareholders April 26, 2005 (as amended through December 12, 2007)”

Examples of Long-Term Incentive Plan in a sentence

• For each fiscal year, Executive shall be entitled to receive 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 four hundred thousand dollars ($400,000.00), subject in each case to approval of such awards by the Compensation and Human Resources Committee of the Board (the “Committee”).

• The Executive shall continue to be eligible to earn Revenue Bonuses as such term is defined in and pursuant to the terms of the Company’s Long-Term Incentive Plan (the “LTIP”) and the Executive’s Participation Notice for the LTIP (together, the “Revenue Bonus Plan”).

• In addition, the Board (including the independent non-executive Directors) considered and approved the grant of a total of 6,350,382 H Shares, representing approximately 1.30% of the total number of issued Shares of the Company on July 6, 2023, to a total of 150 incentive targets, including Mr. Hu Shengli, Ms. Shi Donghong, Mr. Zhang Kexiang and Mr. Tan Xinming, being the executive Directors, and other employees of the Company, under the 2021 Medium and Long-Term Incentive Plan.

• For details of the 2021 Medium and Long-Term Incentive Plan, please refer to the Company’s announcement dated September 28, 2021 and circular dated October 6, 2021, and please refer to the Company’s announcements dated December 30, 2022 and July 6, 2023 for details of relevant progress.

• The payout for Mr. Richardson under this Plan is two-times his base salary at time of death.All 2023 equity grants to the Named Executive Officers were issued under the 2013 Long-Term Incentive Plan.

More Definitions of Long-Term Incentive Plan

Long-Term Incentive Plan or “LTIP” means the long-term incentive plan implemented under the Cinergy Corp. 1996 Long-Term Incentive Compensation Plan or any successor to that plan.

Long-Term Incentive Plan means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto or otherwise adopted by the General Partner or the Partnership.

Long-Term Incentive Plan means the long-term incentive plan then in effect, as approved by the Compensation Committee or its designee.

Long-Term Incentive Plan means the Company’s Long Term Incentive Plan as in effect for the Company’s fiscal year ending July 31, 2011, as amended, and any successor plan thereto.

Long-Term Incentive Plan means the 2007 Equity Incentive Plan, as amended and restated, and any successor, renewal or additional equity plan of the Company.

Long-Term Incentive Plan means any plan that provides compensation intended to motivate performance to occur over a period greater than one fiscal year, but does not include option or share-based awards.

Long-Term Incentive Plan means the CVR Partners, LP 2011 Long-Term Incentive Plan, as it may be amended, restated or modified from time to time, or any equity compensation plan successor thereto.