Common use of Amendment to Section 4 of the Agreement Clause in Contracts

Amendment to Section 4 of the Agreement. The first sentence of Section 4 of the Agreement shall be amended to read in its entirety as follows: "Each fiscal year during the Employment Term, Executive shall be eligible to earn an annual bonus award (an "Annual Bonus"), the target of which will be ninety percent (90%) of Executive's Base Salary (the "Target Annual Bonus") based upon the achievement of objectives established by the Compensation Committee of the Board of Directors of TRW Automotive Holdings Corp. annually for defined measures of EBITDAP and cash flow. In addition, twenty percent of the Target Annual Bonus will be based on additional factors determined to be relevant by the Compensation Committee, which may include industry-specific and general economic conditions as well as strategic factors."

Appears in 3 contracts

Samples: Employment Agreement (TRW Automotive Holdings Corp), Employment Agreement (TRW Automotive Holdings Corp), Employment Agreement (TRW Automotive Holdings Corp)

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Amendment to Section 4 of the Agreement. The first sentence of Section 4 of the Agreement shall be amended to read in its entirety as follows: "Each fiscal year during the Employment Term, Executive shall be eligible to earn an annual bonus award (an "Annual Bonus"), the target of which will be ninety two hundred percent (90200%) of Executive's Base Salary (the "Target Annual Bonus") based upon the achievement of objectives established by the Compensation Committee of the Board of Directors of TRW Automotive Holdings Corp. annually for defined measures of EBITDAP and cash flow. In addition, twenty percent of the Target Annual Bonus will be based on additional factors determined to be relevant by the Compensation Committee, which may include industry-specific and general economic conditions as well as strategic factors."

Appears in 1 contract

Samples: Employment Agreement (TRW Automotive Holdings Corp)

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Amendment to Section 4 of the Agreement. The first sentence of Section 4 of the Agreement shall be amended to read in its entirety as follows: "Each fiscal year during the Employment Term, Executive shall be eligible to earn an annual bonus award (an "Annual Bonus"), the target of which will be ninety one hundred thirty percent (90130%) of Executive's Base Salary (the "Target Annual Bonus") based upon the achievement of objectives established by the Compensation Committee of the Board of Directors of TRW Automotive Holdings Corp. annually for defined measures of EBITDAP and cash flow. In addition, twenty percent of the Target Annual Bonus will be based on additional factors determined to be relevant by the Compensation Committee, which may include industry-specific and general economic conditions as well as strategic factors."

Appears in 1 contract

Samples: Employment Agreement (TRW Automotive Holdings Corp)

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