Examples of LTIP Participant in a sentence
The LTIP Participant must also elect the deferral period, subject to Section 4.
The maximum number of Share Units which may be granted to any one LTIP Participant, together with grants under any other share-based compensation arrangements of the Company, within any one-year period cannot exceed 5% of the outstanding Cordoba Shares at the time of the grant.
The maximum number of Cordoba Shares which may be reserved for issuance to any one LTIP Participant under the LTIP, together with any Cordoba Shares reserved for issuance to such LTIP Participant under the DSU Plan, will be 1% of the Cordoba Shares issued and outstanding at the time of the grant.
Subject to the absolute discretion of the Board, the Board may elect to credit each LTIP Participant with additional Share Units as a bonus in the event any dividend is paid on the Cordoba Shares in accordance with the terms of the LTIP.
Share Units granted to an LTIP Participant in a calendar year are a bonus for services rendered by the LTIP Participant to the Company or its affiliates, as the case may be, as determined in the sole and absolute discretion of the Board.