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any existing employee benefit plan, arrangement or agreement in any respect which would materially increase the compensation payable thereunder to employees, or (v) enter into any new employment agreement or modify any existing employment agreement of any employee who is an officer or director of the Company or PL.", "hash": "a6145744351c4f91787fb262a30f122d", "id": 9}, {"samples": [{"hash": "gcLQNku7IFb", "uri": "/contracts/gcLQNku7IFb#compensation-matters", "label": "Merger Agreement (Travelers Group Inc)", "score": 18.0, "published": true}, {"hash": "emutPvu8os1", "uri": "/contracts/emutPvu8os1#compensation-matters", "label": "Merger Agreement (Salomon Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "agreement-to", "type": "clause", "offset": [37, 49]}, {"key": "officers-of-the-company", "type": "clause", "offset": [101, 124]}, {"key": "after-consultation-with", "type": "clause", "offset": [144, 167]}, {"key": "board-of-directors-of-the-company", "type": 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"employee-plans", "type": "definition", "offset": [3007, 3021]}, {"key": "course-of-conduct", "type": "definition", "offset": [3116, 3133]}, {"key": "prior-practice", "type": "clause", "offset": [3326, 3340]}, {"key": "without-limitation", "type": "clause", "offset": [3353, 3371]}, {"key": "an-interest", "type": "clause", "offset": [3452, 3463]}, {"key": "the-merger", "type": "clause", "offset": [3512, 3522]}], "size": 2, "snippet": "(i) Notwithstanding anything in this Agreement to the contrary, until the Effective Time, the senior officers of the Company referred to below, after consultation with Parent, shall recommend to the Compensation Committee of the Board of Directors of the Company (the \"Compensation Committee\") incentive compensation for employees of the Company and its subsidiaries for the 1997 compensation year. Such Committee shall, after considering such recommendation and any other input separately provided by Parent, determine such incentive compensation for such employees (provided that it makes its determination in a manner that is consistent with past practice). Such aggregate incentive compensation, together with aggregate 1997 base compensation, shall not exceed the aggregate incentive compensation accruals (including the accruals for the quarter ended September 30, 1997, and an accrual for 1997 set forth in Section 4.1(c) of the Company Disclosure Schedule based upon the representations set forth therein), plus accruals in respect of 1997 base compensation. The Compensation Committee may make such determinations at an earlier time in the calendar year (after the date hereof) than is the usual practice of the Company. Incentive compensation for the 1997 compensation year shall be paid not earlier than December 29, 1997. For purposes of the foregoing, recommendations to the Compensation Committee regarding incentive compensation for the 1997 compensation year shall be made (i) by the individual who is the Chairman and Chief Executive Officer of Salomon Brothers Inc and an Executive Vice President of the Company, in the case of employees of subsidiaries of the Company (other than Phibro Inc., Phibro Resources Corp., Philipp Brothers, Inc., Phibro Energy Production, Inc. and their subsidiaries (collectively, \"Phibro\")) who are not also officers of the Company, (ii) by the Chairman and Chief Executive Officer of the Company, in the case of employees of Phibro and officers of the Company (other than such Chief Executive Officer) who are not employees of subsidiaries of the Company and (iii) jointly by the executive officers referred to in clauses (i) and (ii), in the case of officers of the Company (other than its Chief Executive Officer) who are also employees of subsidiaries of the Company (other than Phibro). Notwithstanding the foregoing, the 1997 incentive compensation of the Chief Executive Officer of the Company shall be determined by the Compensation Committee in its sole discretion, subject to the limit on aggregate compensation for the 1997 compensation year referred to above. Parent and the Surviving Corporation shall implement all incentive compensation decisions made in accordance with the terms of this Section 4.1(c) following the Effective Time if such decisions were not implemented prior to the Effective Time. Until the Effective Time, the Company shall not, without the prior written consent of Parent, amend any of the Company's or its subsidiaries' employee plans or take action under such plans inconsistent with the Company's or its subsidiaries' ordinary course of conduct prior to the date hereof. Until the Effective Time, the Company and its subsidiaries shall not approve any severance or similar payments outside the ordinary course of conduct consistent with prior practice, including, without limitation, for employees whose employment is expected to terminate, or who have indicated an interest in terminating their employment, as a result of the Merger.", "hash": "7ca04fc6f67308c1976709e65b5b5987", "id": 10}], "next_curs": "Cl0SV2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjkLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih1jb21wZW5zYXRpb24tbWF0dGVycyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["covenants", "COVENANTS"], ["affirmative-covenants", "Affirmative Covenants"], ["conduct-of-business-by-the-company", "Conduct of Business by the Company"], ["stockholder-rights-plan", "Stockholder Rights Plan"], ["conduct-of-business", "Conduct of Business"]], "title": "Compensation Matters", "size": 118, "children": [["base-salary", "Base Salary"], ["future-option-incentive-grants", "Future Option Incentive Grants"], ["incentive-bonus", "Incentive Bonus"], ["fringe-benefits", "Fringe Benefits"], ["annual-bonus", "Annual Bonus"]], "id": "compensation-matters", "related": [["compensation-plans", "Compensation Plans", "Compensation Plans"], ["compensation-claims", "Compensation Claims", "Compensation Claims"], ["compensation-and-related-matters", "Compensation and Related Matters", "Compensation and Related Matters"], ["transition-matters", "Transition Matters", "Transition Matters"], ["compensation-benefits-and-reimbursement", "Compensation Benefits and Reimbursement", "Compensation Benefits and Reimbursement"]], "related_snippets": [], "updated": "2025-10-30T04:26:30+00:00"}, "json": true, "cursor": ""}}