Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers.
Bonus and Incentive Plans. During the Employment Period, Executive shall be eligible to participate in the Company's bonus and incentive plans or arrangements in effect from time to time that are applicable generally to executives of the Company, provided that Executive shall not be entitled to bonus under any such a bonus or incentive plan that is duplicative of the Bonus prescribed by Section 3.3.
Bonus and Incentive Plans. The Company shall establish, and Executive shall be entitled to participate in, Executive Bonus Compensation and Long-Term Incentive Programs, which shall be substantially in accordance with the summary points contained in Part A of Appendix I, attached hereto and made part hereof.
Bonus and Incentive Plans. Purchaser shall, or shall cause one of its Affiliates to, bear the cost of, and shall assume any and all Liabilities and other obligations for any bonus, commission, profit sharing, incentive payment and similar amounts (“Bonuses”) to each eligible Business Employee who is a party to one of the Business Benefit Plans set forth on Section 5.6(k) of the Seller Disclosure Letter, whenever due and payable and including any deferred elements of such Bonuses to the extent (x) such Liabilities are reflected in the calculations of Closing Indebtedness or the Closing Working Capital, in each case as finally determined in connection with the Final Purchase Price or (y) a specific provision has been made in the Closing Statement. Such payments shall be made in accordance with the terms and conditions of the applicable Business Benefit Plan listed on Section 5.6(k) of the Seller Disclosure Letter and Purchaser shall indemnify and defend each of the Seller Indemnitees against, and shall hold each of them harmless from and against, any such Liabilities, obligations and responsibilities.
Bonus and Incentive Plans. (a) Company and its Affiliates shall retain or assume, as the case may be, all obligations to pay bonuses or incentive compensation to or on behalf of Affected Business Employees that are accrued or accruable under generally accepted accounting principles consistently applied on the books of FDC, Company or their Affiliates as of the Effective Date. Except as set forth in paragraph (b) below, after the Effective Date, FDC shall have no further obligation for the payment of any such bonuses or incentive compensation.
Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from
Bonus and Incentive Plans. Executive shall be entitled, during the Employment Term, to participate in and receive payments from all bonus and other incentive compensation plans (as currently in effect, as modified from time to time, or as subsequently adopted); provided, however, that nothing contained herein shall grant Executive the right to continue in any bonus or other incentive compensation plan following its discontinuance by the Board or Boards (except to the extent Executive had earned or otherwise accumulated vested rights therein prior to such discontinuance). In addition, Executive shall participate in all stock purchase, stock option, stock appreciation right, stock grant, or other stock based incentive programs of any type made available by Employers to their Executive Officers. The Employers shall not make any changes in such plans, benefits or privileges which would adversely affect Executive's rights or benefits thereunder, unless such change occurs pursuant to a program applicable to all Executive Officers of the Employers and does not result in a proportionately greater adverse change in the rights and benefits of Executive as compared with other Executive Officers. Any stock options granted to Executive pursuant to any of the foregoing plans shall provide that they vest in full no later than one day prior to the end of the Employment Term hereunder; provided that such vesting will not be accelerated if the Executive's employment is terminated for "cause" as provided in Section 5 hereof.
Bonus and Incentive Plans. The Executive shall be eligible to participate in the Corporation’s bonus plans and incentive plans as established from time to time by the Corporation. Any bonus shall be paid no later than June 15 of the fiscal year following the fiscal year with respect to which such bonus is earned.
Bonus and Incentive Plans. The Employee shall be eligible to participate in all of the Employer's bonus and incentive compensation plans in force and offered to senior executives of the Employer at the time, which plans may be modified by the Employer at its sole discretion from time to time.
Bonus and Incentive Plans. 8 Section 6.3. Workers' Compensation 8 Section 6.4. Vacation Pay Policy 9 Section 6.5. Tuition Reimbursement Plan. 9 Section 6.6. Severance Pay Plan. 9
