Define: STIP Payment

How is STIP Payment defined in a legal contract?

• STIP Payment means the amounts received by an eligible employee through the short-term incentive plan managed by the [organization]. Seen in 5 SEC filings
• STIP Payment means the gross amount of an eligible employee's bonus under the annual cash short-term incentive plan or other short-term or annual performance-based cash incentive plan adopted and maintained each year by [organization] or its participating subsidiaries. STIP Payments do not include amounts received by an employee after such employee ceases to be an eligible employee or prior to becoming an eligible employee. For calculating benefits under the plan, STIP Payment will be calculated before reduction for compensation voluntarily deferred or contributed by the eligible employee according to all qualified or nonqualified plans of the applicable employer, and will be calculated to include amounts not otherwise included in the employee’s gross income. Seen in 5 SEC filings
• STIP Payment means amounts received by an eligible employee under the short-term incentive plan managed by the [organization]. Seen in 3 SEC filings
• STIP Payment means the amounts received by an eligible employee under the short-term incentive plan or other short-term or annual performance-based cash incentive plan operated by the [organization] prior to the date the eligible employee becomes a participant in Part III of the retirement plan. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of stip payment' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

STIP Payment means amounts an eligible employee receives from a short-term incentive plan managed by [organization].

Relevant Contract Types

• Employee Incentive Agreements
• Bonus Agreements
• Employment Contracts

Relevant Circumstances

• Implementing an employee incentive scheme.
• Structuring compensation for key job roles.
• Negotiating terms during hiring processes.

Relevant Sectors

• Human Resources
• Business Management
• Finance

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Genie Definition 2

STIP Payment means the bonus an eligible employee earns from a performance-based cash incentive plan maintained annually by [organization].

Relevant Contract Types

• Performance Bonus Agreements
• Sales Commission Agreements
• Executive Compensation Agreements

Relevant Circumstances

• Aligning employee compensation with business performance.
• Promoting employee productivity and motivation.
• Structuring remuneration for executive roles.

Relevant Sectors

• Sales and Marketing
• Corporate Management
• Human Resources.

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