FTD Assumption of Annual Incentive Liability. Prior to and effective as of the Distribution Date, FTD shall assume or retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge in due course in full, all obligations relating to any annual incentive awards that any FTD Participant is eligible to receive with respect to calendar year 2013 and, effective as of the Distribution Date, United Online shall have no obligation with respect to any such annual incentive award.
Appears in 4 contracts
Samples: Employee Matters Agreement (FTD Companies, Inc.), Employee Matters Agreement (United Online Inc), Employee Matters Agreement (FTD Companies, Inc.)
