Adjustment of Performance-Based Compensation. Awards that are designed to qualify as Performance-Based Compensation may not be adjusted upward. The Committee shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee determines.
Appears in 1 contract
Sources: Employment Agreement
Adjustment of Performance-Based Compensation. Awards that are designed to qualify as Performance-Based Compensation may not be adjusted upwardupward except as may be permitted under Section 162(m) of the Code. The Committee shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee determines.
Appears in 1 contract
Sources: 2017 Omnibus Incentive Plan (Darling Ingredients Inc.)
Adjustment of Performance-Based Compensation. Awards that are designed intended to qualify as Performance-Based Compensation may not be adjusted upward. The Committee Board shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis or any combination, as the Committee Board determines.
Appears in 1 contract
Adjustment of Performance-Based Compensation. Awards that are designed intended to qualify as Performance-Based Compensation may not be adjusted upward. The Committee Board shall retain the discretion to adjust such Awards downward, either on a formula or discretionary basis basis, or any combination, combination as the Committee determines.
Appears in 1 contract