LTICP Award definition

LTICP Award means an award of a Participation Percentage to an LTICP Award Recipient under the LTICP. Each LTICP Award (other than the one being granted on the first Valuation Date hereunder, i.e. June 30, 2015) is designed to qualify as a Performance Compensation Award (within the meaning of the 2010 Plan).
Sample 1

Examples of LTICP Award in a sentence

  • The resulting number will determine the number of Restricted Shares constituting the LTICP Award Recipient’s Restricted Share Award.

  • Neither the LTICP nor the grant of any LTICP Award hereunder shall interfere with or limit in any way the right of the Company or any of its Affiliates to terminate any LTICP Award Recipient’s employment at any time and for any reason (subject to the terms of any employment agreement), nor shall the LTICP or the grant of any LTICP Award hereunder impose any obligation on the Company or any of its Affiliates to continue the employment of any LTICP Award Recipient.

  • If the LTICP Pool, as of the Valuation Date, is greater than zero, then the LTICP Award Recipients shall be entitled to receipt of Restricted Shares described in Section 4(c) below.

  • If at any time during any of the Performance Periods an LTICP Award Recipient’s Continuous Service shall terminate or cease for any reason (including a Qualified Termination), then such LTICP Award Recipient’s rights shall be forfeited and the LTICP Award Recipient shall have no further rights or claims of any kind under the LTICP with respect to any Valuation Date, except as set forth in clause (i) above.

  • The LTICP and any Participation LTICP Letter may be amended or modified only in writing by the Committee; provided that any amendment or modification of any kind which adversely affects any LTICP Award Recipient must be consented to by such LTICP Award Recipient to be effective as against him or her.

  • Accepted borrowers were accepted by a financial institution, but not necessarily by the first one they approached.

  • The liability of the Company for the payment of benefits shall be defined only by this LTICP, the 2010 Plan, and the terms of each LTICP Award Recipient’s Participation LTICP Letter, and the Company shall have no obligation to any Eligible Person under the LTICP except as expressly provided herein or therein.

  • If the performance of the Company has been such that there is no LTICP Pool (i.e., that the LTICP Pool is zero), then the LTICP Award Recipients shall not be entitled to any Restricted Share awards under the LTICP.

  • In the event that the LTICP Pool as of a Valuation Date is greater than zero, then the Committee shall make a Restricted Share Award (pursuant to the 2010 Plan) to each LTICP Award Recipient whose Continuous Service has not terminated on or before the date the awards are determined.

  • The number of Restricted Shares awarded to the LTICP Award Recipient shall be calculated as follows with respect to each Restricted Share Award: multiply (x) the LTICP Pool calculated as of the Valuation Date, by (y) the Participation Percentage for such LTICP Award Recipient, then divide the result by (z) the Fair Market Value per Common Share on the Valuation Date.

Related to LTICP Award

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Restricted Share Unit Award means an award of Restricted Share Units under this Plan.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • Other Stock Unit Award means any right granted to a Participant by the Committee pursuant to Section 10 hereof.

  • Performance Units means an Award which may be earned in whole or in part upon attainment of performance criteria established by the Administrator and which may be settled for cash, Shares or other securities or a combination of cash, Shares or other securities as established by the Administrator.

  • Cash Award means an award denominated in cash.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • PSU means Public Sector Undertaking

  • Deferred Stock Units means the number of hypothetical Shares subject to an Election.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • RSUs means restricted stock units.