STIP Award definition

STIP Award means a performance bonus earned pursuant to the terms of the Corporation’s Short-Term Incentive Plan that may be settled in any combination of cash or Common Shares (either issued from treasury or purchased in the open market).

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STIP Award means the amount to which a Participant becomes entitled in terms of –

STIP Award means an award under the STIP.

Examples of STIP Award in a sentence

• If the licensed medical specialists are unable to reach a consensus that a such a disability exists, then the Company and the Employee shall settle the dispute in accordance with the provisions of Section 10 hereof.

• All amounts payable by CURO to Employee hereunder (including, but not limited to, Base Salary and STIP Award) shall be reduced prior to the delivery of such payment to Employee by an amount sufficient to satisfy any applicable federal, state, local or other withholding tax requirements.

• The Executive understands that the awards referenced in Sections 3.2 (Annual STIP Award) and Section 3.3 (Annual LTIP Award) (collectively, the “Awards”) are subject to the terms of ▇▇▇▇’s long-term incentive award plans and the relevant agreements governing the Awards, in place and as amended from time to time.

• Except as otherwise provided for in this Agreement, any STIP Award actually earned by Employee in any calendar year shall be paid to Employee at the same time and manner as CURO pays annual short-term incentive compensation awards to other executive officers, subject to Employee’s employment through the applicable performance period.

• The STIP Award will be payable following the completion of each fiscal year, at such time and in such amount as may be determined by the Board of Directors of LICY (the “Board”) from time to time based on the achievement of certain corporate and/or individual “key performance indicators”.

• The target amount of the STIP Award to which the Executive may be entitled in respect of a financial year (the “STIP Target”), as well as any terms and conditions applicable to the STIP Award, will be established by the Board prior to the commencement of such financial year.

• The STIP Award will be payable following the completion of each fiscal year, at such time and in such amount as may be determined by the Board from time to time based on the achievement of certain corporate and/or individual “key performance indicators”.

• It is anticipated the STIP Award, if any, for the 2022 fiscal year will be made by the Corporation in January 2023.

• The STIP Award will be payable following the completion of each financial year, at such time and in such amount as may be determined by the Board of Directors of LICY (the “Board”) from time to time based on the achievement of certain corporate and/or individual “key performance indicators”.

• It is anticipated that the STIP Award, if any, for the 2022 fiscal year will be made by the Corporation in January 2023.

More Definitions of STIP Award

STIP Award means (i) for Officers, the annual standard award determined under the applicable incentive plan which contains an adjustment for changes in position rate; or (ii) for Participants who are not Officers, the actual award payable under the applicable incentive award plan. In the case of any non-Officer Participant whose final 60 months includes periods before 1995 for which the Participant received team awards under the Company's team award program (and therefore was not eligible for a STIP Award), the actual team award received shall be considered a STIP Award for purposes of this definition.