OPIP definition

OPIP means, with respect to the Satellite, the period commencing on the day following the Handover Date for such Satellite and ending on the last day of the Satellite Stated Life, not to exceed 5,475 days.
View Source

Examples of OPIP in a sentence

  • One OPIP credit is equal to 1 semester credit or 14 classroom/clock hours.

  • The specific details of the 2015 OPIP have not yet been approved by the Board of Directors of the Buyer.

  • If the Effective Time of the Merger occurs in the first quarter of 2015 Executive will be entitled to participate in the 2015 OPIP as if he had been employed by Rockland Trust Company for all of 2015, without pro-ration.

  • Buyer anticipates but does not guarantee that the 2015 OPIP performance multipliers will be the same as the 2014 OPIP performance multipliers.

  • The OPIP pay structure and potential periodic increases in daily amounts will be reviewed every three years.

  • Classes taken on District time, and approved by the employee's supervisor will be awarded credit based on the provisions of the OPIP guidelines.

  • Unvested stock options granted under the OPIP which would otherwise have vested within twelve (12) months of the retirement date shall vest.

  • Executive shall be eligible to participate in Rockland Trust Company’s Officer Performance Incentive Plan (“OPIP”), with a target payout at 15% of base salary, in accordance with the terms and conditions of the OPIP as then in effect.

  • Executive shall be eligible to participate in Rockland Trust Company’s Officer Performance Incentive Plan (“OPIP”), with a target payout at 20% of base salary, in accordance with the terms and conditions of the OPIP as then in effect.

  • Each OpenTV Share shall be exchangeable into the number of Exchange Securities which results from dividing the Initial Exchange Price (as defined below) of the OpenTV Shares in effect at the time of the exchange by the BVI Exchange Price (as defined below) in effect at the time of the exchange.

Related to OPIP

  • FOIP means the Freedom of Information and Protection of Privacy Act,

  • Bonus Plan means the Company’s management incentive plan or such other annual bonus plan in existence at the applicable time.

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

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.