Common use of Annual Incentive and Retention Plan Awards Clause in Contracts

Annual Incentive and Retention Plan Awards. (i) Upon an Involuntary Termination prior to, or after the second anniversary of, a Change of Control, the Executive will be paid at the time of such Involuntary Termination a portion of the Executive's annual bonus under the relevant AIAP and/or LTIP, based upon the target award for the year in which the Executive's Involuntary Termination occurs, prorated for the Executive's active employment during such year. Except as stated in the foregoing sentence, all provisions of the relevant AIAP and/or LTIP shall be applicable to the Executive.