Term Incentive Plan definition

Term Incentive Plan. The tenns applicable to your participation in the Company's Long Term Incentive Plan are set forth in the attached schedule. Employee Benefits: As an employee, in addition to all other benefits described in this Agreement, you will also be entitled to participate in the employee benefit plans and programs provided generally to United States-based employees. You shall be entitled to the amount of paid vacation set forth in the attached schedule, subject to the Company's vacation policy.
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Term Incentive Plan. You will participate in GTE's Long-Term Incentive Plan ("LTIP") which provides for stock option grants and performance bonus awards (collectively referred to herein as "LTIP Grants").
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Term Incentive Plan. ERISA" means the Employee Retirement Income Security Act of 1974, as amended. "Transferred Employee" means each person employed by the Company other than the Retained Employees and any other person who becomes an employee of the Newco Group immediately after the Time of Distribution. 2
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Examples of Term Incentive Plan in a sentence

  • The rules and administration and payout formula of the Company’s Short Term Incentive Plan will apply to this Incentive Plan.

  • If the Term is extended, the Executive shall participate in a new Long Term Incentive Plan that shall commence after the LTIP ends.

  • In connection with the foregoing, under the terms of the Bank’s Executive Short Term Incentive Plan (the “ESTIP”), annual cash bonuses can be awarded to the Executive in an amount equal to up to 200% of the Executive’s Base Salary as in effect at the start of the ESTIP’s plan year to which the bonus relates.

  • The Executive shall be eligible to participate in the Company’s Long Term Incentive Plan (“LTI Plan”), as such plan shall be in effect and amended and/or superseded from time to time.

  • In each year of this Agreement, Employee will be eligible to be considered for a grant of awards under Employer’s 2007 Long Term Incentive Plan and/or any similar plan made available to employees of Employer.

  • Executive shall be eligible to participate in the Company’s Long Term Incentive Plan (“LTI Plan”), as such plan shall be in effect and amended and/or superseded from time to time.

  • As a member of Employer’s senior management team, Employee will be eligible for annual Restricted Stock Grants pursuant to Anaren’s 2004 Comprehensive Long Term Incentive Plan, as amended (“2004 Plan”) equal in value to 16% of his Base Salary for the respective year.

  • The Executive shall be eligible to receive stock-based compensation, whether stock options, stock appreciation rights, restricted stock grants or otherwise, under the Parent’s Amended and Restated 2004 Long Term Incentive Plan or other stock-based compensation plans as Parent may establish from time to time (collectively, the “Plans”).

  • This Agreement, the Long Term Incentive Plan and the award agreement evidencing any equity compensation awards granted under the Long Term Incentive Plan contains the entire agreement of the parties with respect to the matters covered herein; moreover, this Agreement supersedes all prior and contemporaneous agreements and understandings, oral or written, between the parties hereto concerning the subject matter hereof.

  • The Independent Counsel shall be selected by the Board of Directors unless there shall have occurred within two years prior to the date of the commencement of the Proceeding for which indemnification is claimed a “Change of Control” as defined in the Partnership’s 2017 Long Term Incentive Plan, in which case the Independent Counsel shall be selected by the claimant unless the claimant shall request that such selection be made by the Board of Directors.

Related to Term Incentive Plan

  • Long-Term Incentive Plan or “LTIP” means a plan providing compensation intended to motivate performance over a period greater than one financial year. LTIPs do not include option or SAR plans or plans for compensation through shares or units that are subject to restrictions on resale;

  • Equity Incentive Plan means an incentive plan, or portion of an incentive plan, under which awards are granted and that falls within the scope of IFRS 2 Share-based Payment;

  • Company Incentive Plan has the meaning set forth in Section 5.13.

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;