Common use of Brunswick Performance Plan Clause in Contracts

Brunswick Performance Plan. For each calendar year during the Term, the Executive shall be eligible to participate in the Brunswick Performance Plan and any and all successor or replacement plans as may be determined by the Board or the Committee (collectively, “BPP”). During the Term, the Executive’s target annual bonus for each full calendar year shall be recommended by the Committee in accordance with the terms of the BPP, as in effect from time to time, to the independent directors of the Board for approval (“Target Annual Bonus”). During the Term, the performance goals to be achieved, and the extent to which those goals have been achieved for purposes of calculating the amount of the actual payment as a percentage of the Target Annual Bonus, will be determined by the Committee. The amount of any award under BPP shall be reviewed and recommended by the Committee to the independent directors of the Board for approval. Upon approval, the lead director shall communicate the amount of any BPP award to the Executive, which shall be paid to the Executive in accordance with the terms of the BPP.