Target Incentive Plan definition

Target Incentive Plan or “Target Incentive Plans” has the meaning set forth in Section 3.5(a).

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Target Incentive Plan means the Target’s 2003 Stock Option/Stock Issuance Plan, as amended and in effect immediately prior to the Effective Time.

Target Incentive Plan means the Villa World Limited Executive Long Term Incentive Plan adopted by Target Board on 30 September 2015.

Examples of Target Incentive Plan in a sentence

• During the Extended Employment Period, any annual incentive compensation payable to Executive shall be paid in accordance with the Company's usual practices with respect to payment of incentive compensation of senior executives, including, without limitation, the Company's Senior Management Target Incentive Plan and Salaried Employee Incentive Plan (except to the extent deferred).

• Executive will be eligible to participate in the Company’s Target Incentive Plan, and for such annual bonuses as are payable under the plan (“Incentive Bonus”).

• At the Effective Time the Target Incentive Plan shall be deemed terminated.

• Immediately prior to the Effective Time, all awards accrued as of the Effective Time under Target's Executive Performance Incentive Plan (the "Target Incentive Plan") shall be paid in cash or stock, as provided in Section 6.13.

• Such awards shall be paid in cash or stock, as provided in the Target Incentive Plan, upon the election of the employees of Target or its Subsidiaries receiving the awards.

• The Corporation may pay Executive an annual bonus under the provisions of the Company's Senior Management Target Incentive Plan and the Salaried Employee Incentive Plan or any successor plans, but only if and when authorized by the Committee.

• The President and Chief Executive Officer will establish individual performance goals each year under the incentive plans, and Executive's annual Target Bonus shall be 50% of Base Salary; as provided in the Target Incentive Plan, bonuses may be adjusted up or down based on attainment of individual and corporate performance objectives.

• Your TIP was administered consistent with the Target Incentive Plan documents.

• Target shall cause the Target Incentive Plan to be terminated effective prior to or as of the Effective Time.

• There are 6,000,000 shares of Target Common Stock reserved for issuance under the Target Incentive Plan, of which 2,996,168 were subject to outstanding options under the Target Incentive Plan (collectively, the “Target Options”); 1,762,487 shares have been reserved for future option or stock grants under the Target Incentive Plan and 80,960 shares have been issued upon the exercise of options issued pursuant to the Target Incentive Plan.

More Definitions of Target Incentive Plan

Target Incentive Plan means the Villa World Limited Executive Long Term Incentive Plan adopted by Target Board on 30 September 2015. Target Indemnified Parties means Target and its Related Bodies Corporate and their respective directors, officers and employees, past and present. Target Information means all information included in the Explanatory Memorandum, other than the Bidder Information, the Independent Expert's Report and any other report or letter issued by a Third Party. Target Net Debt means all Financial Indebtedness less Cash. Target Payment means $2,981,100. Target Performance Rights means performance rights in respect of Target Shares issued pursuant to the Target Incentive Plan. Target Prescribed Occurrence means the occurrence of any of the following events:

Target Incentive Plan means the Target's 2003 Omnibus Incentive Plan effective May 20, 2003 and as amended from time to time;

Target Incentive Plan means the Target’s 2006 Equity Incentive Plan.

Target Incentive Plan means Target’s 1999 Stock Incentive Plan, as amended.