MICP definition

MICP means "Medically Involved Children's Program". MICP is the waiver granted by the federal Centers for Medicare and Medicaid Services that allows Title XIX funds to be spent on a child living in the family home who otherwise would have to be served in a nursing facility if the waiver program was not available.

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MICP has the meaning set forth in Section 4.2.

MICP means estimated possible payout of annual incentive compensation under the MICP. “PSU” means estimated future payout under performance unit. “RSU” means restricted stock unit award. “SO” means stock options.

Examples of MICP in a sentence

• Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

• If Executive has been employed by the Company for more than one, but less than two years, then the amount attributable to the MICP bonus portion set forth in clause (ii) above shall equal 3 times the average of the MICP bonus paid to Executive for the prior year and the target for Executive for the current year.

• For purposes of this Section 5.1(a)(1), the word "paid" shall include $0.00 for any year in which Executive was eligible for, but was not paid, an MICP bonus.

• For purposes of this Section 5.1(a)(1), the word “paid” shall include $0.00 for any year in which Executive was eligible for, but was not paid, an MICP bonus.

• A lump sum payment consisting of: (i) an amount equal to 3 times Executive’s then annual base salary; (ii) an amount equal to 3 times the average of the last two MICP bonuses paid to Executive; (iii) a prorated bonus based on target opportunity for the year in which the Change-of-Control occurs; (iv) an amount equal to the equivalent of the cost of 36 months of COBRA benefits; and (v) an amount equal to 36 months of Executive’s automobile allowance.

More Definitions of MICP

MICP means the Corporation's Management Incentive Compensation Plan as in effect from time to time, or any successor plan thereto.

MICP means "Medically Involved Children's Program" as defined in this rule.

MICP means mobile intensive care paramedic;

MICP means the Affiliated Companies' Management Incentive Compensation Plans, as from time to time in effect.

MICP means STERIS's Management Incentive Compensation Plan as in effect for STERIS's 1998 Fiscal Year and any later year and any similar plan that may be implemented in place of the plan from time to time thereafter.

MICP means estimated possible payout of annual incentive compensation under the MICP. “PSU” means estimated future payout under performance unit. “RSU” means restricted stock unit award. “CAP” means shares purchased under our Capital Accumulation Plan. “SO” means stock options.

MICP or the "Plan") in accordance with the terms and conditions of the Plan established from time to time, and appropriate for an executive holding such a position.