LTI Program definition
Examples of LTI Program in a sentence
During the Term, Executive shall be eligible to participate in the long-term incentive program maintained for senior executive officers of the Company (the “LTI Program”), with a LTI Program target opportunity and LTI Program Vehicles determined by the Compensation Committee for each year of participation.
The Executive shall be a “Designated Employee” (and have any other similar designation) for all awards granted to him under the LTI Program.
I acknowledge SVSD and the work site will strive to ensure the safety of my child while participating in the LTI Program, but there are certain inherent risks involved that may be unavoidable and that could result in bodily injury or property damage to my child or to others.
Executive shall be eligible to participate in the Company's long-term incentive program ("LTI Program").
During the Term, the Executive will be eligible to receive long term incentive compensation in the form of equity compensation or cash, as determined by the Board, consistent with the LTI Program provided to senior officers of the Company.
I acknowledge that SVSD is not responsible for providing transportation as part of the LTI Program and will not assume responsibility nor liability for any accident or injury involving my child, in any way, on account of - or while engaged in - travel to or from the Internship site.
Except as otherwise provided in Sections 4.4.2(iv) and (v), 4.4.3(vi) and 4.4.4(vi), the effect of a termination of employment for any reason upon the vesting, exercisability or payment of any outstanding grant under the LTI Program shall be determined exclusively under the applicable plan document and award agreement.
Such LTI Program incentives will be established at the beginning of each three year period (i.e. 2015-2017, and 2016-2018) and may be adjusted by the Board, but in no case will it be established at a target level below $920,000 during the Initial Term, with a minimum of 30% of the target level value comprised of restricted stock units or restricted stock.
Consistent with the target dollar value for the 2013-2015 LTI Program, the Executive’s target value for the 2014-2016 LTI Program will be set at $3,000,000 (the “LTI Target”).
The definitions of “Revenue” and “Operating Margin” are set forth in the “2024 Long-Term Incentive (LTI) Program: Market Share Units (MSUs) and Performance Share Units (PSUs)” document distributed to participants and are measured from January 1, 2024 – December 31, 2026.1 The calculation for Relative TSR CAGR Performance is set forth below and is measured during the TSR Measurement Period.