Management Retention Plan definition

Management Retention Plan means the 2002 Management Retention Plan of the Company, as adopted on June 12, 2002 and amended and restated effective as of August 2, 2007.
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Management Retention Plan means, collectively, the 2011 Management Retention Plan of the Company and form award agreement thereunder delivered to Parent prior to the date hereof.
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Management Retention Plan means the Company's Management Retention Plan described in item 4 of Section 9.1 of the Company Disclosure Schedule.
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Examples of Management Retention Plan in a sentence

  • As a condition of the acquisition of TRC, the Group established a Management Retention Plan (MRP) and Management Incentive Plan (MIP) to retain and incentivise certain TRC personnel.

  • As a condition of the acquisition of TRC, the Group established a Management Retention Plan (‘MRP’) and Management Incentive Plan (‘MIP’) to retain and incentivise certain TRC personnel.

  • The Mobil Management Retention Plan provides a method whereby principal executive Employees who are meeting superior standards of performance and whose continued employment is considered key to the growth and success of Mobil Corporation and its Affiliated Corporations will be afforded special individual financial incentives to maintain that level of performance and continue employment until normal or agreed early retirement date.

  • As a condition of the acquisition of TRC, the Group established the Management Retention Plan (MRP) to retain and incentivise certain TRC personnel.

  • Other than under the Management Retention Plan, neither the Company nor any Company Subsidiary is a party to, or otherwise bound by, and neither the Company nor any Company Subsidiary has granted, any equity appreciation rights, participations, phantom equity or similar rights.

  • Upon receipt of the Holdback Cash Consideration as set forth in Section 1.3(b), Seller agrees to promptly pay or cause to be paid the benefits due to the Business Employees in accordance with the terms of Seller’s Amended Management Retention Plan.

  • DEVELOPING EUROPEAN CRISIS MANAGEMENT: CIVILIAN AND MILITARY CAPABILITIES Lord Robertson, the Secretary-General of NATO (until the end of 2003) emphasised shortly after taking office in October 1999 that the three most important elements for securing the future of the Alliance were ‘capabilities, capabilities, capabilities’.

  • This position to be included in the Management Retention Plan (Retention Payments of 10% of Compensation 30-days after end of calendar years 2024 and 2025) and Employment Agreement through December 16, 2027.

  • TRC Management Retention Plan expense The Group established a Management Retention Plan (MRP) to retain and incentivise certain TRC personnel at the time of the TRC acquisition.


More Definitions of Management Retention Plan

Management Retention Plan means Target’s Management Retention Plan adopted by Target’s Board of Directors on March 22, 2019, as amended on December 6, 2019.”
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Management Retention Plan means the Company’s Amended and Restated Management Retention Plan adopted by the board of directors of the Company on October 15, 2013.
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Management Retention Plan means that certain Management Retention Plan adopted by the Board of Directors of the Company on or about October 30, 2006, as amended through the date hereof.
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Management Retention Plan. The old Board of Directors will approve a Management Retention Plan that will provide for Termination Without Cause protection to the top executives of the Company on agreed upon terms as listed below: - President and CEO - See attached agreement ================================================================================ - Senior Vice Presidents (5 in number) - See attached agreement - Vice Presidents (22 in number) - Agreed upon severance policy The agreements for the CEO, President and Senior Vice-Presidents will contain change of control provisions providing for a "double trigger"- with full vesting of equity awards upon termination without cause or for good reason within 12 months after a change in control. Professional Fees Pursuant to the respective engagement letters of the Committee's legal advisors Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx ("Xxxxx Xxxxx"), and financial advisors, Xxxxxx Capital Partners, LLC ("Xxxxxx"), ITC shall pay any and all accrued pre-petition fees and expenses incurred by such professionals prior to the commencement of any Chapter 11 filing by ITC. The plan of reorganization shall provide, as part of the distributions to the bondholders, for the payment of the fees and expenses of Xxxxx Xxxxx and Xxxxxx incurred during the chapter 11 case on the Effective Date of the Plan. General Provisions The certificate of incorporation and the by-laws of Reorganized ITC will contain those terms and conditions that are reasonably satisfactory to the Committee. Under the certificate of incorporation of Reorganized ITC, there will be no less than one hundred (100) million shares of New Common Stock authorized, and all shares of New Common Stock will have equal rights on voting and distributions. Other matters with respect to corporate governance, representations, warranties and covenants by Reorganized ITC and rights of, and obligations of Reorganized ITC to, the holders of New Common Stock will be determined by, and shall be on terms reasonably satisfactory to, the Committee. ---------------------------------------------------------------------------------------------------------------------------------- ================================================================================ Transaction Overview (Chapter 11 Plan) For Discussion Purposes Only -------------------------------------------------------------------------------- Implementation: All of the documentation relating to the restructuring or the transactions described here...
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Management Retention Plan means the retention and incentive plan for executives and certain key employees established by the Debtors and approved by the Bankruptcy Court on February 23, 2001.
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Management Retention Plan has the meaning assigned to such term in Section 5.22. “Master Agreement” has the meaning assigned to such term in the definition of “Swap Agreement.” “Material Adverse Effect” means a circumstance, event or condition that, individually or in the aggregate, has had, or would reasonably be expected to have, a material adverse effect on (a) the business, assets, financial condition or results of operations of Holdings, the Borrower and its Restricted Subsidiaries, taken as a whole, (b) the ability of the Borrower and the other Loan Parties, taken as a whole, to perform their payment obligations under the Loan Documents or (c) the enforceability of the Loan Documents or the rights and remedies, taken as a whole, of the
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Related to Management Retention Plan

  • Management Plan means a plan to manage the activities and protect the special value or values in an Antarctic Specially Protected Area or an Antarctic Specially Managed Area.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Pest Management Plan and “PMP” means the Recipient’s plan dated March 9, 2010, which: (i) addresses the concerns relating to the Project risks associated with potential increases in the use of pesticides for agricultural production, intensification and diversification and controlling disease vector populations arising from irrigation schemes; (ii) sets forth mitigation and monitoring measures to be taken during Project implementation and operation to eliminate adverse environmental and social impacts, offset them, or reduce them to acceptable levels; (iii) recommends institutional measures to strengthen national capacities to implement the mitigation and monitoring measures; and (iv) as part of the implementation arrangements, identifies national agencies and other partners that could play a vital role in the success of the Project.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Severance Plan means any severance plan maintained by the Company that is applicable to the Participant.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Earned value management system means an earned value management system that complies with the earned value management system guidelines in the ANSI/EIA-748.

  • Project Management Plan means the management plan that (i) sets out a high level workplan to describe the manner in which the Design-Builder will manage the Project, including to address related matters such as traffic management and communications, and (ii) is prepared by or for the Design-Builder and submitted to the Owner;

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co‑ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Executive Severance Plan means the Company’s Senior Executive Employee Severance Pay Plan, as in effect from time to time.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Storm water management plan means a comprehensive plan designed to reduce the discharge of pollutants from storm water after the site has under gone final stabilization following completion of the construction activity.

  • Forest management plan means a written plan prepared and signed by a qualified forester that prescribes measures to optimize production, utilization, regeneration, and harvest of timber. The forest management plan shall include a schedule and timetables for the various silvicultural practices used on forestlands, which shall be a maximum of 20 years in length. A forest management plan shall include all of the following:

  • Nutrient management plan means a plan developed or approved by the Department of Conservation and Recreation that requires proper storage, treatment and management of poultry waste, including dry litter, and limits accumulation of excess nutrients in soils and leaching or discharge of nutrients into state waters.

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Investment Management Agreement means the Investment Management Agreement made

  • Security Management Plan means the Supplier's security management plan prepared pursuant to paragraph 3 of schedule 2 an outline of which is set out in paragraph 2.7 of the Order Form as updated from time to time;

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • 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;