LTIP Shares has the meaning set forth in Section 2.1(c).
LTIP Shares means the compensation in the form of stock options and restricted stock awards or restricted stock units issued to employees and directors of FairPoint and its Subsidiaries pursuant to the Long Term Incentive Plan (as defined in the Plan of Reorganization).
LTIP Shares means the shares, authorized as of the Effective Date for issuance pursuant to the LTIP equaling 10% of the fully- diluted Reorganized PEC Common Stock (after giving effect to the exercise of the Penny Warrants and the conversion of the Preferred Equity).
Examples of LTIP Shares in a sentence
This benchmark is currently 13% and since introducing the ROCE benchmark in financial year 2010, no LTIP Shares have vested.
Where the Company determines that the delivery or payment of any of the LTIP Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of LTIP Shares will no longer cause such violation.
All income, employment and other taxes related to the LTIP Shares delivered in payment thereof are the sole responsibility of Participant.
Equally if not more important, they are waiting for a clear vision of what success looks like.
By accepting this award of LTIP Shares, Participant expressly warrants that he or she has received a right to acquire stock under the Stock Plan, and has received, read and understood a description of the Stock Plan.
More Definitions of LTIP Shares
LTIP Shares means the compensation in the form of stock options, profits interests and restricted stock awards or restricted stock units issued to employees and directors of FairPoint and its Subsidiaries under any long term incentive plan, management equity plan, stock option plan, phantom equity plan or any other management or employee benefit plan.
LTIP Shares means the Shares purchased and held pursuant to the LTIP, including any Shares purchased under the Prior Incentive Plan;
LTIP Shares has the meaning given in clause 13.4(g)(i).
LTIP Shares means 68,792,731 Buyer Parent Shares issuable at and after the Closing pursuant to the LTIP; provided that, the number of Buyer Parent Shares that constitutes the LTIP Shares shall be subject to adjustment to account for any stock splits, reverse stock splits, stock dividends, stock combinations, recapitalizations or similar transactions, or any issuance of Buyer Parent Shares (excluding any issuances pursuant to a commitment of Buyer Parent outstanding as of June 7, 2022 to the extent described in Section 2.2(b) of the Buyer Disclosure Schedule), in each case that occurs on or after June 7, 2022 and before the Closing Date (excluding the issuance of the Share Consideration and the LTIP Shares).
LTIP Shares means the 10.5 per cent. of the issued share capital of the Company at Completion (after issue of the Additional Shares) to either be issued at Completion to employees of the Group in accordance with the New LTIP or transferred for no consideration to an employee benefit trust over which awards are granted in accordance with the New LTIP; Management Warranties means the warranties and covenants given in the Management Warranty Deed; Management Warranty Deed means the deed dated the same day as this agreement providing for members of the management of the Group Companies to give warranties and a tax covenant in favour of the Buyer Parties; MAS means the Monetary Authority of Singapore and any successor Singapore regulatory authority from time to time; Measurement Time has the meaning given to it in paragraph 2.1 of Part 1 of Schedule 5; New LTIP means the new long term incentive plan to be adopted by the Company on Completion in replacement of the Existing LTIP; New LTIP Term Sheet means the Project Conduit summary of LTIP proposal in the Agreed Form; Ordinary Shares means ordinary shares of £1 each in the capital of the Company; Other Value Items has the meaning given to it in paragraph 4 of Part 1 of Schedule 5; Parties means the parties to this agreement; Pensions Regulator means the pensions regulator established under the Pensions Xxx 0000; Performance Fee Estimated Amount means an amount equal to 0.60, multiplied by the amount included in the Regulatory Capital Amount for the estimate of uncrystalized Performance Fees at the Measurement Time. Performance Fee Payment means the net amount of (A) an amount equal to the product of: (a) a percentage determined by dividing (i) the number of days from and including 1 January 2018 to and including the Measurement Time, by (ii) 365; multiplied by (b) the amount of Performance Fees crystalizing after the Measurement Time through 31 December 2018 that either (a) are crystalized and received in cash between the Measurement Time and 31 December 2018 or (b) have been crystalized and included as receivables in the 2018 Group consolidated audited accounts and received in cash on or before 31 March 2019; multiplied by (c) 0.60, less (B) the Performance Fee Estimated Amount. Performance Fee and Carried Interest Payment Date means the fifth Business Day after final agreement or determination of the Performance Fee and Carried Interest True-Up in accordance with clause 6 (or such other date as is agreed in writing by the...
LTIP Shares means those common shares of Oglebay contributed to the Trust pursuant to Section 2.3 with reference to share units under the LTIP.