LTI Plans definition
Examples of LTI Plans in a sentence
In no event shall any payments made to you (x) for base salary, (y) under the Long Term Incentive Compensation Plan of any of the SFC Companies dated July 11, 1997 (the "LTI Plans"), or (z) under the Divestiture Award Bonus Plan dated July 15, 1997 be included in calculating the amount of the Deferred Bonus.
In the event that payments made to you under the LTI Plans exceed the amount of the Deferred Bonus, no amounts of Deferred Bonus shall be payable to you hereunder.
Notwithstanding anything herein to the contrary, this Agreement shall be read so as to supplement the LTI Plans and not to replace or eliminate them.
In no event shall any payments made to you (x) for base salary, (y) under the Long Term Incentive Compensation Plan of any of the SFC Companies dated July 1997 (including, without limitation, the Supplemental Long-Term Incentive Plan of the Company dated July, 1997) (the "LTI Plans"), or (z) under the Divestiture Award Bonus Plan dated July 1997 be included in calculating the amount of the Deferred Bonus.
The post-employment restrictions in the Confidentiality Agreements and the LTI Plans shall survive any revocation of this Agreement by Executive.
Notwithstanding anything herein to the contrary, this Agreement shall be read so as to supplement the Confidentiality Agreements and LTI Plans and not to replace or eliminate them.
Cessation of payments pursuant to this provision shall not cause any of Executive’s obligations under this Agreement or the LTI Plans to end.
GSK shall also implement an eligibility and repayment condition on share grants made under LTI Plans designed to survive the separation of a Covered Executive’s employment.
Employee shall be entitled to receive not less than $100,000 as the aggregate guaranteed minimum incentive payment for 2000 under the MIP and LTI Plans.
The clawback pursuant to Article V.F. and the cessation of ADSI’s obligations pursuant to Article V.G. shall have no impact on Executive’s continuing rights and obligations under this Agreement, the LTI Plans or the Confidentiality Agreements.