Management Incentive Plan definition

Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

Management Incentive Plan has the meaning set forth in the Plan.

Management Incentive Plan means the management incentive plan which shall be implemented by the Reorganized Debtors on the terms set forth in the Management Incentive Plan Term Sheet attached as Exhibit 4 to the Restructuring Term Sheet.

Examples of Management Incentive Plan in a sentence

• The cost of the Company’s cash incentive plan, the Management Incentive Plan (“MIP”), and the expense associated with the Jacobs Engineering Group Inc.

• Warrants to purchase 15.0% of the fully diluted New Equity Interests (calculated based on the fully diluted shares outstanding as of the Effective Date and subject to dilution by the Management Incentive Plan (as defined in the Plan)).

• The New Equity Interests underlying the Management Incentive Plan will be offered, issued, and distributed in reliance upon Section 4(a)(2) of the Securities Act, Regulation D promulgated thereunder, Regulation S under the Securities Act, and/or other exemptions from registration, and will be considered “restricted securities.” The New Equity Interests will be subject to any restrictions in the Governance Documents to the extent applicable.

• On the Effective Date, the New Board shall be authorized to adopt and implement (a) the Management Incentive Plan, which will be on the terms and conditions (including any and all awards granted thereunder) determined by the New Board (including, without limitation, with respect to participants, allocations, duration, timing, and the form and structure of the equity and compensation thereunder) and (b) such other incentive plans as may be agreed to by the New Board.

More Definitions of Management Incentive Plan

Management Incentive Plan means a post-emergence equity-based management incentive plan to be determined by the New Board in its discretion, under which up to ten percent (10%) of the New Common Interests outstanding on a fully diluted basis issued on the Effective Date may be issued to members of the Reorganized Debtors’ management on the terms described in section 5.19 of the Plan.

Management Incentive Plan means the Bioventus LLC Management Incentive Plan.

Management Incentive Plan means a post-Effective Date management incentive plan for certain participating employees of the Reorganized Debtors and their Affiliates, to be established and implemented in accordance with Article IV.F of the Plan, which shall provide for the terms and conditions under which the MIP Pool may be allowed and distributed to certain participating employees of the Reorganized Debtors and Affiliates.

Management Incentive Plan means that certain post-Effective Date management incentive plan, pursuant to which the Management Equity Pool shall be reserved and allocated as part of the compensation provided to the Reorganized Debtors’ management on the terms and conditions set forth in the MIP Term Sheet.

Management Incentive Plan means the management incentive plan to be adopted by the New Board on or substantially contemporaneously with the Effective Date.

Management Incentive Plan means the management incentive plan of the Reorganized Debtors to be implemented by the New Board on or as soon as reasonably practicable following the Effective Date, and which management incentive plan shall reserve up to 10 percent of the fully diluted New Equity to be awarded to participants on terms and conditions to be determined by the New Board. The form and allocation of any equity awards granted pursuant to the Management Incentive Plan shall be determined by the New Board (or a committee thereof).

Management Incentive Plan means the management incentive plan, when adopted in accordance with the terms of the Plan.