Examples of LTIP Award in a sentence
The principal terms of the LTIP are detailed below:Principal terms of LTIP Number of options Maximum award limit under the plan will be 200% of salary per annum.Exercise price NilPerformance period 3 yearsPerformance conditions There are two performance targets attaching to the LTIP award.50% of LTIP Award will relate to an EPS growth target.
The vesting of LTIP Awards may (and, in the case of an LTIP Award to an Executive Director other than a Recruitment Award will) be subject to the satisfaction of performance conditions.
Cumulative adjusted PBT performance target for the 2014-2017 LTIP Award means operating proﬁt after any charges arising from the LTIP.
The Compensation Committee determined the LTIP performance modifier to be 200% for the first one-third tranche of the 2017 LTIP Award attributed to adjusted EBITDA.
Each Award Notice with respect to an LTIP Award shall specify (A) the Performance Period to which the Award relates, (B) the applicable Cash Hurdle, Target EBITDAR Margin and Stretch EBITDAR Margin, (C) the applicable Base Amount Multiple, and (D) the applicable Payout Percentages set forth in Section 2.1(dd) hereof with respect to the Participant applicable upon the date of grant of the Award.