VCIP definition
Examples of VCIP in a sentence
Additionally, Employee will be eligible for a 2023 (pro-rated) incentive payment under the ▇▇▇▇▇▇▇▇ 66 Variable Cash Incentive Program (VCIP), based on employee's actual earnings received from April 3, 2023 through the Last Day Worked and VCIP Target, and paid in accordance with the satisfaction of company performance conditions under the plan.
As a consequence, the Parties acknowledge and agree that Bassoul shall not be entitled to any payment in respect of the incentive compensation under the VCIP for the 2018 fiscal year.
The resulting payout of any VCIP award will be calculated based upon the Company's achievement of certain Company performance targets, as set annually by the Board and/or Compensation Committee, and may be subject to further discretionary adjustment from the Compensation Committee based on the Executive's individual performance.
The Company performance targets utilized for the Executive's VCIP award shall be the same as those utilized for VCIP awards granted to other senior executives of the Company generally.
With respect to any VCIP award, such vesting shall be for at least the target number of shares applicable to such award.
WRITTEN CONSENT PARTIES: EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT By: /s/ B▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Name: B▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Title: Head of VCIP Sumed Equity Ltd.
The Employee will be eligible to participate in the Citrix Systems, Inc.’s variable pay plan (currently called Variable Cash Incentive Plan – VCIP -), subject to its terms and conditions from time to time in force.
The VCIP shall be subject to the terms of the LTIP and any applicable award agreements.