STI Payment definition

STI Payment means, with respect to a Plan Year, any short-term incentive actually paid to the Employee in such Plan Year from a Participating Employer.
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Examples of STI Payment in a sentence

  • The STI Payment shall be subject to increase or decrease based on achievement of performance targets and in accordance with the terms of the STI Plan.

  • Employee shall not be eligible to receive any STI Payment for the calendar year prior to the Termination Date nor any Pro-Rata Bonus for the year in which the Termination Date occurs.

  • In the event Employee’s employment is terminated by the Company for Cause, the Company shall pay to Employee the Accrued Payments; provided that, Employee shall not be eligible to receive any STI Payment for the calendar year prior to the Termination Date if such “Cause” termination is directly and substantially related to the STI Payment.

  • Pursuant to the terms of the STI Plan, each annual STI Payment shall be payable based on the achievement of personal and Company performance targets.

  • Pursuant to the terms of the STI Plan, each annual STI Payment shall be payable based on the achievement of performance targets.

  • Initially, Employee’s target STI Payment shall be equal to 90% (the “Target STI Percentage”) of Employee’s annual Base Salary (the “Target STI Amount”).

  • Initially, Employee’s target STI Payment shall be equal to 100% (the “Target STI Percentage”) of Employee’s annual Base Salary (the “Target STI Amount”).

  • Any cash dividends, dividends payable in securities or other distributions of any kind (but excluding any shares of CTI capital stock received upon a stock split or stock dividend), shall be promptly distributed by the Escrow Agent to the beneficial holder of the STI Closing Shares to which such distribution relates, by check mailed via first class mail, to the STI Holders at their addresses, and in the percentage interests set forth in the STI Payment Schedule.

  • Initially, Employee’s target STI Payment shall be equal to 70% (the “Target STI Percentage”) of Employee’s annual Base Salary (the “Target STI Amount”).

  • Employee’s overall performance for 2005 will be presented to the Compensation Committee by the Company’s CEO and, on the basis of such presentation, the Compensation Committee may determine to award a STI payment in excess of the Minimum STI Payment.