LTIP definition
Examples of LTIP in a sentence
The Employee will have the opportunity to earn annual equity-based compensation equal in value to his LTIP Target, multiplied by the Employee's current annual Base Salary, if the objectives set by the board, in its sole discretion, are met and the potential to earn a higher amount if the Employee materially exceeds such objectives.
Concurrent with the execution hereof and pursuant to a Board resolution, the Employee's annual target equity-based compensation percentage has been set at 90% subject to increase from time to time in accordance with section 4.1.3 hereof ("LTIP Target").
The Employee will have the opportunity to earn annual equity-based compensation equal in value to her LTIP Target, multiplied by the Employee's current annual Base Salary, if the objectives set by the board, in its sole discretion, are met and the potential to earn a higher amount if the Employee materially exceeds such objectives.
Concurrent with the execution hereof and pursuant to a Board resolution, the Employee's annual target equity-based compensation percentage has been set at 120% subject to increase from time to time in accordance with section 4.1.3 hereof ("LTIP Target").
In addition to any malus/clawback provisions set forth in any applicable Company performance-based pay arrangements (i.e. LTIP share plan, POSP share plan, annual bonus), Executive shall be subject to the requirements of the Company's Executive Compensation Clawback Policy.