LTP Amount definition
LTP Amount means an amount equal to 105% of Mr. Archibald’s base salary as such amount is adjusted upward (or downward) proportionately to the extent the closing sale price per share of Black & Decker’s common stock on the trading date immediately preceding the date of Mr. Archibald’s termination of employment exceeds (or is less than) the average daily closing sale price of Black & Decker’s
LTP Amount means an amount equal to 75% of your annual base salary in effect immediately prior to the occurrence of the circumstance giving rise to the Notice of Termination.