Annual Bonus Plans. An amount equal to a full year's participation in the annual bonus plan then in effect as provided for in Section 2 hereof shall be paid to Executive within the time period prescribed by such plan, (i.e. the Executive will be paid based upon actual results as if the Executive had been employed the full twelve months and had received the full twelve month Base Compensation). In addition, any payments due Executive under the incentive plans then in effect as provided for in Section 2 hereof (other than any annual bonus plans) in accordance with the terms of such plans shall be paid to Executive within the time period prescribed by such plans.
Annual Bonus Plans. With respect to any annual bonus or incentive plan not otherwise described in this Agreement, each Party (or their applicable Affiliate or Subsidiary) shall be responsible for all Liabilities and fully perform, pay and discharge all annual bonus obligations relating to any annual incentive plan for their respective employees and former employees for 2007 and thereafter. In no event shall any employee receive a duplication of such benefits hereunder.
Annual Bonus Plans. Following the applicable Relevant Time, each Party (or their applicable Affiliate or Subsidiary) shall Assume and be responsible for all Liabilities and fully perform, pay and discharge all annual bonus obligations relating to any annual incentive plan for their respective employees and former employees for [2016] and thereafter. With respect to the period beginning [●] and ending on the LSC Distribution Date, LSC shall calculate the bonus for LSC Employees that participated in a RRD bonus program using the applicable performance criteria for such period and such calculation shall be in a manner consistent with the terms of RRD’s bonus programs. With respect to the period beginning [●] and ending on the Donnelley Financial Distribution Date, Donnelley Financial shall calculate the bonus for Donnelley Financial Employees that participated in a RRD bonus program using the applicable performance criteria for such period and such calculation shall be in a manner consistent with the terms of RRD’s bonus programs. In no event shall any employee receive a duplication of such benefits hereunder.
Annual Bonus Plans. Immediately prior to the Effective Time, Spinco Group Employees shall cease participating in each Parent annual bonus plan or policy (the “Parent Annual Bonus Plans”) and, as of the Effective Time, Spinco Group Employees who were eligible to participate in Parent Annual Bonus Plans shall be eligible to participate in the Spinco annual bonus plans or policies (the “Spinco Annual Bonus Plans”). Spinco shall be solely responsible for funding, paying and discharging all obligations under the Spinco Annual Bonus Plans in respect of the annual bonus payable to the Spinco Group Employees in respect of the calendar year in which the Effective Time occurs (and Parent shall have no liability with respect to annual bonuses for such year).
Annual Bonus Plans. With respect to any annual bonus or incentive plan not otherwise described in this Agreement, each Party (or their applicable Affiliate or Subsidiary) shall be responsible for all Liabilities and fully perform, pay and discharge all annual bonus obligations relating to any annual incentive plan for their respective employees and former employees for 2007 and thereafter. With respect to the Period beginning October 1, 2006 and ending on the Distribution Date, Healthcare and Electronics shall calculate the bonus for their respective Healthcare Employees and Electronics Employees that participated in a Tyco bonus program using the applicable performance criteria for such period and such calculation shall be in a manner consistent with the terms of Tyco’s bonus programs. In no event shall any employee receive a duplication of such benefits hereunder.
Annual Bonus Plans. Immediately prior to the Effective Time, UpstreamCo Group Employees shall cease participating in each Parent annual bonus plan or policy, including without limitation the Internal Revenue Code Section 162(m) Compliant Annual Cash Incentive Compensation Plan and the Incentive Compensation Plan (the “Parent Annual Bonus Plans”) and, as of the Effective Time, UpstreamCo Group Employees who were eligible to participate in Parent Annual Bonus Plans shall be eligible to participate in the UpstreamCo annual bonus plans or policies (the “UpstreamCo Annual Bonus Plans”). UpstreamCo shall be solely responsible for funding, paying and discharging all obligations under the UpstreamCo Annual Bonus Plans in respect of the annual bonus payable to the UpstreamCo Group Employees in respect of the calendar year in which the Effective Time occurs (and Parent shall have no liability with respect to annual bonuses for such year).
Annual Bonus Plans. Effective as of the Pre-Spin Transition Date, SpinCo shall establish or maintain the SpinCo Annual Bonus Plans as set forth in Section 2.03 hereof. Parent Group shall pay each SpinCo Employee such employee’s earned and accrued annual bonus for 2021 according to the terms of the Parent Group’s applicable Annual Bonus Plans, but shall not be responsible for (and SpinCo shall assume all Liabilities for) any bonuses to any SpinCo Employees under any Parent Annual Bonus Plan accruing after 2021.
Annual Bonus Plans. Immediately prior to the Effective Time, SpinCo Employees shall cease participating in each RemainCo annual bonus plan or policy (collectively, the “RemainCo Bonus Plans”), and as of the Effective Time, SpinCo Employees who were eligible to participate in any RemainCo Bonus Plans thereafter shall be eligible to participate (to the extent they are not already participating therein) in any SpinCo annual bonus plans or policies established and adopted by SpinCo following the Effective Time (collectively, the “SpinCo Bonus Plans”). All RemainCo Employees shall continue to participate in the RemainCo Bonus Plans in which they were entitled to participate prior to the Effective Time.
Annual Bonus Plans. If Executive's employment is terminated on or before March 31, 2004, then (i) an amount equal to a full year's participation in the annual bonus plan then in effect during the fiscal year in which Executive's termination of employment is effective as provided for in Section 2.4 hereof shall be paid to Executive within the time period prescribed by such plan (i.e. Executive will be paid based upon actual results as if Executive had been employed the full twelve months and had received the full twelve month Base Compensation), and (ii) any payments due Executive under the incentive plans then in effect as provided for in Section 2.5 hereof (other than any annual bonus plans), in accordance with the terms of such plans shall be paid to Executive within the time period prescribed by such plans. If Executive's employment is terminated after March 31, 2004, then an amount equal to a pro-rata share of the amount set forth in the preceding sentence based upon the number of full months Executive was actually employed during such fiscal year shall be paid to Executive within the time period prescribed by such plan.
Annual Bonus Plans. Executive shall be eligible for the fiscal year ending June 30, 2008 (prorated) and thereafter to be considered for an annual performance bonus of up to 60% of his Base Salary in the discretion of the Compensation Committee of the board of directors of Parent a portion of which may be discretionary and a portion of which may be based on attainment of performance objectives approved by the Board of Directors of the Company with the consent of Parent, in its sole and absolute discretion, and Executive’s contributions to the attainment of those objectives. Such bonuses, if any, shall be awarded and payable in accordance with management incentive plans of Parent applicable to executive officers of the Company. The criteria for such bonus shall be established from time to time by the Compensation Committee of the Board of Directors of Parent based upon substantially the same criteria as annual cash bonuses generally awarded to executive officers of the Parent, which may take into account, among other things, intrinsic differences in job duties and responsibilities. Any actual bonus award shall be in such amount and payable in such manner, and otherwise be on such terms, as are determined by the Compensation Committee of the Board of Directors of Parent. Any provision to the contrary notwithstanding, the Company will make all payments under this Section 4(d) not later than September 15 of the fiscal year following the end of the fiscal year in which the payments are no longer subject to a substantial risk of forfeiture; provided that if calculation of the payment amount is not administratively practicable due to events beyond the Company’s control or if the Company has insufficient funds so that such payment would jeopardize the solvency of the Company, the payment may be delayed until the first fiscal year in which the payment is administratively practicable and the funds of the Company are sufficient.
