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 material terms and conditions of the MIP shall be fixed by the New Board in its sole discretion, including with respect to the participants, allocation, timing, vesting terms and the form and structure of the options, warrants, and/or equity compensation to be provided thereunder, except as otherwise provided herein (including, for the avoidance of doubt, in the “Employee Matters Term Sheet” which is attached as Exhibit A hereto).
On the Effective Date, or as soon as reasonably practicable thereafter, each holder of a 2029 Secured Claim shall receive its pro rata share of (a) the Exit Notes, and (b) the New Common Stock and/or Special Warrants, which New Common Stock (inclusive of the shares issuable upon the full exercise of the Special Warrants), will constitute, in the aggregate, 95% of the New Common Stock issued on the Effective Date, subject to dilution on account of the MIP Equity.
If CEO elects not to accept the CEO MIP Allocation approved by the New Board, the CEO shall have “Good Reason” to resign upon written notice to the Company (a “MIP Resignation”).

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 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 the McKesson Corporation Management Incentive Plan.

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.