LTIP Grants definition

LTIP Grants means the outstanding grants of Phantom Units under the LTIP which are fully vested and may result in Common Units being issued to the holders of such grants.
View Source

Examples of LTIP Grants in a sentence

  • For purposes of this Letter Agreement, your 1998 Stock Option and Performance Bonus Award grants are collectively referred to as "LTIP Grants." Note that the ECC reserves the right not to make Stock Option or Performance Bonus Awards in 1998, and, if so, you will be treated in the same manner as other executives at your salary level.

  • All LTIP Grants shall be made in January following the contract year and shall be effective as of January 1st of such year.

  • You will be a participant in the LTIP, Grants are made annually under the LTIP for the 3-year performance cycle commencing on 1 January each year.

  • All LTIP Grants shall be made in January after the end of each contract year and will be effective as of January 1st of such year.

  • Notwithstanding the general amendment and restatement of the Initial Agreement, all original terms and conditions of the Initial LTIP Grants set forth within the Initial Agreement, the LTIP or any individual award agreements evidencing the Initial LTIP Grants shall remain in effect until such time as the Initial LTIP Grants receive final settlement or forfeiture, as applicable.

Related to LTIP Grants

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • Other Stock-Based Awards means Awards granted to a Participant under Section 6(i) hereof.

  • Restricted Stock Units means an Award of stock units subject to such restrictions and conditions as the Administrator may determine at the time of grant.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.