LTI Bonus definition

LTI Bonus means the long term incentive bonus (or portion thereof) to which an Eligible Executive is entitled upon achievement of certain defined performance criteria, and linked to a particular offer of Executive Redeemable Shares, as more particularly described in the Executive Offer Document for those Executive Redeemable Shares. References to “Net LTI Bonus” are references to the LTI Bonus after deduction of PAYE and all other applicable payroll taxes;
View Source
LTI Bonus means the long term incentive bonus (or portion thereof) to which an Eligible Executive is entitled upon achievement of certain defined performance criteria, and linked to a particular offer of Executive Redeemable Shares, as more particularly described in the Executive Offer Document for those Executive Redeemable Shares.
View Source

Examples of LTI Bonus in a sentence

  • The Executive’s Target STI Bonus and Target LTI Bonus is not a guaranteed amount, and payments or equity awards, if any, can range from 0-200% of the target in a given year.

  • The Executive’s Target STI Bonus and Target LTI Bonus will be reviewed periodically and may vary subject to the Board’s recommendation and approval.

  • The payment of Executive’s LTI Bonus shall be in accordance with the provisions of the LTI Plan.

  • If employment with the Company terminates for any reason prior to the Vesting Date, then, except as set forth in Section 3, the LTI Bonus will be forfeited for no consideration.

  • The target LTI Bonus for each fiscal year shall be $1,875,000 (one million, eight-hundred seventy five thousand dollars).

  • If such accounting firm concludes that additional royalties were due to ImmunoGen, CytomX shall pay the additional royalties (plus interest thereon at the rate provided in Section 4.3.5 hereof) within [***] of the date CytomX receives such accountant’s written report so concluding.

  • Executive’s target LTI Bonus shall be 4.4 times his Base Compensation (the “Target LTI”).

  • Upon grant of a LTI Bonus Option, twenty-five percent (25%) of the shares subject to the LTI Bonus Option will vest twelve (12) months after the date of grant, with the remaining balance vesting monthly thereafter over the next 36 months in equal monthly amounts subject to your continuing employment with the Company on each such vesting date.

  • The payment of Employee’s 2014 LTI Bonus of for the first year of the three-year performance period shall be deferred until the earlier of (i) Employee’s termination of employment (for any reason or cause) (in such case, $1,250,000 shall be paid in cash) and (ii) January 1, 2016, at which time the Compensation Committee shall elect to pay such amount either in $1,250,000 cash or a number of Common Shares equal to $1,250,000 divided by the Volume-Weighted Average Value for the month of December 2015.

  • Marquis is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary.

Related to LTI Bonus

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.