Examples of LTI Pool in a sentence
Unless otherwise provided in the applicable Award Agreement, a Participant’s share of the LTI Pool (the “LTIP Share”), as of any Determination Date, shall be a fraction (x) the numerator of which shall be such Participant’s LTIP Credits accrued during all Measurement Periods through such Determination Date and (y) the denominator of which shall be the total number of LTIP Credits assigned to all Participants (excluding Terminated Participants) during all Measurement Periods through such Determination Date.
Following the occurrence of a Public Offering of the Company (or any other similar event specified in the sole discretion of the Committee), on each Determination Date, each Participant with an outstanding Award who continues to provide Services through such Determination Date shall be issued a number of shares of Common Stock under the Company’s Stock Plan with a Fair Market Value on such Determination Date equal to such Participant’s LTIP Share of the Distributable Portion of the LTI Pool.
The development of the new input program Muscat was the main task of this year.
On the Financial Statement Approval Date of each fiscal year of the Issuer, the Non-Officer LTI Pool in respect of such fiscal year shall be proposed by the CEO based on the salaries and target long-term incentives of then-current members of the Non-Officer Group and approved by the Administrators.
Following the Financial Statement Approval Date for a given fiscal year of the Issuer, the CEO, in consultation with the Issuer’s other senior officers, shall have the discretion to allocate to each Participant who is a member of the Non-Officer Group a percentage of the Non-Officer LTI Pool based on such Participant’s performance during such fiscal year (the “Individual Non-Officer Pool Award”).
As soon as possible following the determination of Individual Non-Officer Pool Awards pursuant to Section 9(a) hereof, each Participant that is a member of the Non-Officer Group who receives an Individual Non-Officer Pool Award shall have credited to their Notional Share Account a number of Notional Shares determined by dividing the dollar amount of the Individual Non-Officer LTI Pool Award by the Market Price per Common Share on the day of the award.
Notwithstanding Section 8(b) or anything else contained in this Plan, if the Issuer’s performance during a fiscal year results in it significantly exceeding either the 50th percentile on the TSR Performance List and/or 100% of the Target, then the CEO may request that the Administrators increase the Non-Officer LTI Pool for such fiscal year, and the Administrators shall have the discretion (as set out in Section 3 hereof) to increase the size of the Non-Officer LTI Pool for such fiscal year.
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Issuance of such Stock Appreciation Rights shall constitute full and complete satisfaction of the Participant’s rights in respect of the LTI Pool and under this Plan.
Upon the occurrence of a Public Offering of the Company (or any other similar event specified in the sole discretion of the Committee), each Participant with an outstanding Award shall be issued a number of Stock Appreciation Rights under the Company’s Stock Plan with an Intrinsic Value equal to such Participant’s LTIP Share of the LTI Pool, with the Strike Price under each Stock Appreciation Right equal to the Adjusted Exercise Price.