MIP definition

MIP has the meaning set forth in Section 3(b) of the Agreement.

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MIP shall have the meaning set forth in Section 4(b) below.

MIP means the Company's Management Incentive Plan providing annual cash bonus awards to participating employees based upon predetermined goals and objectives.

Examples of MIP in a sentence

• The eligibility for and payment of any bonus under the MIP is subject to the terms and conditions of the MIP, which are at the discretion of the Company.

• The Annual Bonus, or installments thereof, is earned as of the end of any applicable fiscal year, provided all relevant targets and conditions have been met, and paid to Executive following the annual audit for such fiscal year at such time as annual bonuses are paid to other senior executives of the Company, as discussed more fully in the MIP.

• To the extent that such targets are financial and quantifiable, such Annual Bonus is payable on a sliding scale as set forth in the MIP.

• On the Sale Transaction Effective Date, in full satisfaction and release of each Senior Noteholder’s pro rata share of the Credit Bid Amount, the Senior Noteholders shall receive their pro rata share of 100% of the New Equity Interests (subject to dilution by the MIP and the Equity Premiums).

More Definitions of MIP

MIP means the Virtu Financial LLC Management Incentive Plan, as the same may be amended from time to time.

MIP means the Management Incentive Plan of the Company.

MIP shall have the meaning set forth in Section 5 below.

MIP means the Company's Management Incentive Plan, as the same may be amended from time to time, or any successor plan.

MIP means the McKesson Corporation Management Incentive Plan.

MIP means a “MasterCard Interface Processor” provided by MasterCard Inc. to MasterCard Inc. processors enabling those processors to interface directly with MasterCard Inc.’s global payment system, through which MasterCard card transaction authorization, clearing and settlement takes place.

MIP means a post-emergence management incentive plan to be implemented by the board of the Company after the Effective Date as further described in the Plan.