MTI Bonus definition

MTI Bonus means a medium term incentive bonus based on performance, with a target of 50% of the Participant’s Actual Incentive Award, as described in Section 5.2.
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Examples of MTI Bonus in a sentence

  • The payment under this Section 4(b)(iii) shall not affect the Executive’s right to any STI Bonus or MTI Bonus amounts that may be payable under the STI/MTI Program in accordance with the terms of the STI/MTI Program.

  • Such STI Bonus and MTI Bonus shall be paid at the same time as STI Bonuses and MTI Bonuses are paid to other employees under the STI/MTI Plan.

  • The payment under this Section 10(c)(3) shall not affect the Executive’s right to any STI Bonus or MTI Bonus amounts that may be payable under the STI/MTI Plan in accordance with the terms of the STI/MTI Plan (it being understood that this sentence shall not be construed to entitle the Executive to a duplication of payments for a particular year under this paragraph and under the STI/MTI Plan).

  • The payment under this Section 4(b)(iii) shall not affect the Executive’s right to any accrued but unpaid STI Bonus or MTI Bonus amounts that may be payable under the STI/MTI Program in accordance with the terms of the STI/MTI Program.

  • For the avoidance of doubt, the Target Incentive Award is established each year under the STI/MTI Plan and, to the extent earned, is paid 50% as an STI Bonus and 50% as an MTI Bonus (both as defined in the STI/MTI Plan).

  • The payment under this Section 4(b)(ii) shall not affect the Executive’s right to any STI Bonus or MTI Bonus amounts that may be payable under the STI/MTI Program in accordance with the terms of the STI/MTI Program.