{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "during-the-term-of-this-agreement", "type": "clause", "offset": [0, 33]}, {"key": "participate-in", "type": "definition", "offset": [66, 80]}, {"key": "compensation-plans", "type": "clause", "offset": [137, 155]}, {"key": "similar-policies", "type": "definition", "offset": [167, 183]}, {"key": "of-the-company", "type": "clause", "offset": [222, 236]}, {"key": "in-effect", "type": "definition", "offset": [242, 251]}, {"key": "less-favorable", "type": "definition", "offset": [349, 363]}, {"key": "available-to", "type": "definition", "offset": [404, 416]}, {"key": "other-executives", "type": "clause", "offset": [417, 433]}, {"key": "the-executive", "type": "clause", "offset": [450, 463]}, {"key": "in-accordance-with", "type": "clause", "offset": [489, 507]}, {"key": "provisions-of", "type": "clause", "offset": [522, 535]}, {"key": "plans-and-programs", "type": "clause", "offset": [541, 559]}], "size": 32, "samples": [{"hash": "beCJcXs28bS", "uri": "/contracts/beCJcXs28bS#incentive-plans", "label": "Executive Employment Agreement (Chesapeake Utilities Corp)", "score": 32.1485290527, "published": true}, {"hash": "lSigEDQ7Yco", "uri": "/contracts/lSigEDQ7Yco#incentive-plans", "label": "Executive Employment Agreement (Chesapeake Utilities Corp)", "score": 29.3436012268, "published": true}, {"hash": "k02zHLGnQIJ", "uri": "/contracts/k02zHLGnQIJ#incentive-plans", "label": "Executive Employment Agreement (Chesapeake Utilities Corp)", "score": 29.3436012268, "published": true}], "snippet": "During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. 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"During the Employment Period, Executive shall be entitled (i) to participate in all of executive management incentive plans of the Employer, and any successor or substitute plans; (ii) to participate in long-term incentive plans of the Employer, and any successor or substitute plans; and, (iii) to participate in all stock option, stock grant and similar plans of the Employer, and any successor or substitute plans, in each of the foregoing cases in at least as favorable a manner as any participant who is a member of the senior executive management of the Employer at the same level as Executive.", "hash": "91638843cd3b18b47997eb84fec71cc9", "id": 2}, {"snippet_links": [{"key": "participate-in", "type": "definition", "offset": [30, 44]}, {"key": "the-employer", "type": "clause", "offset": [45, 57]}, {"key": "incentive-plan", "type": "definition", "offset": [60, 74]}, {"key": "officers-of-the", "type": "clause", "offset": [89, 104]}], "size": 20, "samples": [{"hash": "crMcQGBNPwV", "uri": 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Compensation Matters Agreement (Xylem Inc.)", "score": 22.7002048492, "published": true}], "snippet": "(a) ITT currently maintains certain annual incentive plans and certain long-term performance plans, each as listed on Schedule 6(a) (the \u201cIncentive Plans\u201d), pursuant to which certain Preexisting ITT Employees employed by ITT might become entitled to payments after the Distribution Date with respect to their performance with ITT prior to the Distribution Date.\n(b) Effective as of the Distribution Date, ITT shall be and remain liable for all payments accrued prior to the Distribution Date for ITT Employees under the Incentive Plans, including any such payments to be made following the Distribution Date. Effective as of the Distribution Date, Water shall be and remain liable for all payments accrued prior to the Distribution Date for Water Employees under the Incentive Plans, including any such payments to be made following the Distribution Date. Effective as of the Distribution Date, Defense shall be and remain liable for all payments accrued prior to the Distribution Date for Defense Employees under the Incentive Plans, including any such payments to be made following the Distribution Date. ITT, Water and Defense shall cause any such payments under the Incentive Plans to be recognized as compensation without regard to the source of such payments. As soon as practicable following the Distribution Date, ITT shall transfer any amounts accrued under the Incentive Plans for (i) Water Employees to Water and (ii) Defense Employees to Defense.\n(c) All multi-year cash performance awards under the Incentive Plans (the \u201cTSR Awards\u201d) shall be terminated effective as of the Distribution Date. ITT shall determine the amount to be paid in cash, if any, to each eligible Preexisting ITT Employee under outstanding TSR Awards as described in this Section 6(c). The amount to be paid under the TSR Awards shall be paid in cash on the normal payment schedule of the original TSR Award. ITT shall be liable for and make any such payments to ITT Employees, including any such payments to be made following the Distribution Date. Water shall be liable for and make any such payments to Water Employees, including any such payments to be made following the Distribution Date. Defense shall be liable for and make any such payments to Defense Employees, including any such payments to be made following the Distribution Date. For the TSR Awards granted in 2009, ITT shall pay such award in cash to the extent payment is earned according to the original vesting and payment schedule to each eligible Preexisting ITT Employee based on (i) actual performance for the pro rata percentage of the performance period completed on the Distribution Date and (ii) target value for the remaining uncompleted performance period following the Distribution Date. For the TSR Awards granted in 2010, (i) ITT shall pay such award in cash to the extent payment is earned to each eligible Preexisting ITT Employee based on actual performance for the pro rata percentage of the performance period completed on the Distribution Date, which shall be paid according to the original vesting and payment schedule, and (ii) following the Distribution Date, ITT, Water or Defense shall award to such Preexisting ITT Employee (thereafter, an ITT Employee, a Water Employee or Defense Employee, as applicable) a restricted stock unit (\u201cRSU\u201d) for the remaining target value, which RSU shall vest on December 31, 2012 and shall be settled in ITT shares, Water shares or Defense shares, as applicable. For the TSR Awards granted in 2011, (i) ITT shall pay such award in cash to the extent payment is earned to each eligible Preexisting ITT Employee based on actual performance for the pro rata percentage of the performance period completed on the Distribution Date, which shall be paid according to the original vesting and payment schedule, and (ii) following the Distribution Date, ITT, Water or Defense will award to such Preexisting ITT Employee (thereafter, an ITT Employee, a Water Employee or Defense Employee, as applicable) an RSU for the remaining target value, which RSU shall vest on December 31, 2013 and shall be settled in ITT shares, Water shares or Defense shares, as applicable.\n(d) Effective as of the Distribution Date, ITT shall accrue, be and remain liable for all payments for ITT Employees under the ITT Corporation Retention Program as identified on Item 4 of Schedule 6(a). Effective as of the Distribution Date, Water shall accrue, be and remain liable for all payments for Water Employees under the ITT Corporation Retention Program as identified on Item 4 of Schedule 6(a). 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"subject-to", "type": "clause", "offset": [3903, 3913]}, {"key": "substantial-risk-of-forfeiture", "type": "definition", "offset": [3916, 3946]}, {"key": "not-transferable", "type": "clause", "offset": [3954, 3970]}, {"key": "for-purposes-of", "type": "clause", "offset": [3971, 3986]}, {"key": "valid-election", "type": "definition", "offset": [4013, 4027]}, {"key": "the-foregoing", "type": "definition", "offset": [4123, 4136]}, {"key": "related-items", "type": "definition", "offset": [4509, 4522]}, {"key": "stock-shall", "type": "definition", "offset": [4554, 4565]}, {"key": "compensation-paid", "type": "clause", "offset": [4711, 4728]}, {"key": "by-the-company", "type": "clause", "offset": [4751, 4765]}], "size": 12, "samples": [{"hash": "774Uu4eO5A2", "uri": "/contracts/774Uu4eO5A2#incentive-plans", "label": "Limited Liability Company Agreement (Baker Hughes a GE Co)", "score": 28.5017108917, "published": true}, {"hash": "18KIiSeFA1f", "uri": "/contracts/18KIiSeFA1f#incentive-plans", "label": "Limited Liability Company Agreement (BAKER HUGHES a GE Co LLC)", "score": 28.5017108917, "published": true}, {"hash": "lcNjBpCy1yP", "uri": "/contracts/lcNjBpCy1yP#incentive-plans", "label": "Transaction Agreement and Plan of Merger (Baker Hughes Inc)", "score": 28.2443523407, "published": true}], "snippet": "If at any time Newco issues a share of Class A Common Stock under an Incentive Plan whether by the exercise of a stock option (or the exercise of any other instrument that entitles the holder thereof to purchase a share of Class A Common Stock) or the grant of a restricted share award or otherwise, the following will occur:\n(a) the net proceeds (including the amount of the exercise price paid by the owner or the promissory note representing any loan made by Newco to the owner with respect to a stock purchase award, which promissory note will be deemed to have a Fair Market Value equal to the original principal balance of that promissory note) received by Newco with respect to the share of Class A Common Stock, if any, will be paid or transferred by Newco to the Company (indirectly through the Newco Group Members), which amounts will be treated for U.S. federal income tax purposes as having been paid to the Company by the person to whom the share of Class A Common Stock is issued;\n(b) Newco will be deemed to make (indirectly through the Newco Group Members) an additional Capital Contribution to the Company of an amount of cash equal to:\n(i) the current per share market price of a share of Class A Common Stock on the date the share is issued (or, if earlier, the date the related option or other instrument is exercised), reduced by\n(ii) the amount paid to the Company as described under subsection (a) above;\n(c) the Company will be deemed to purchase from Newco a share of Class A Common Stock for an amount of cash equal to the sum of:\n(i) the additional deemed Capital Contribution made by Newco (indirectly through the Newco Group Members) to the Company in subsection (b) above, and\n(ii) the amount paid to the Company as described under subsection (a) above, and to deliver such share of Class A Common Stock to its owner under the Incentive Plan (the parties acknowledging that the deemed purchase will not cause the Company to own the shares of Class A Common Stock for any purpose, including for the purpose of determining stockholders entitled to receive dividends or vote);\n(d) in exchange for the payment by Newco to the Company described in subsection (a) above and the deemed Capital Contribution by Newco to the Company described in subsection (b) above (which aggregate amount will be credited to the Capital Accounts of the Newco Group Members), the Company will issue to a Newco Group Member a number of Common Units equal to the inverse of the Exchange Rate registered in the name of the applicable Newco Group Member for each share of Class A Common Stock issued by Newco under the Incentive Plan;\n(e) the Company will claim any compensation deductions attributable to the issuance or vesting, as the case may be, of shares of Class A Common Stock and any other deductions available by reason of shares issued pursuant to an Incentive Plan (including, as applicable, as a result of an election under Code Section 83(b)), which deductions will be allocated among the Members in accordance with the allocation rules in Article V;\n(f) if the owner of any share of Class A Common Stock issued pursuant to an Incentive Plan has timely made an election under Code Section 83(b) with respect to that share of Class A Common Stock and the share of Class A Common Stock is subsequently forfeited, then each of the actual and deemed steps described in subsections (a) through (e) above with respect to that share of Class A Common Stock will be reversed, including the reversion of that share of Class A Common Stock to Newco, the cancellation of the Common Unit(s) issued to the applicable Newco Group Member and the reversal, if and to the extent required by Treasury Regulations Section 1.83-6(c) or other applicable tax Law, of any compensation deductions previously allocated to the Members; and\n(g) if a share of Class A Common Stock issued under an Incentive Plan is subject to a substantial risk of forfeiture and is not transferable for purposes of Code Section 83, and if a valid election under Code Section 83(b) has not been made with respect to such share of Class A Common Stock, the foregoing transactions shall be deemed to occur for U.S. federal income tax purposes when such share of Class A Common Stock is either transferable or no longer subject to a substantial risk of forfeiture for purposes of Code Section 83. Until such time, for U.S. federal income tax purposes (including for purposes of maintaining Capital Accounts and computing Profits, Losses and related items), such share of Class A Common Stock shall not be deemed to have been issued and any distributions with respect to such share of Class A Common Stock shall for such purposes be treated as compensation paid to the holder thereof by the Company.", "hash": "d416387275192dd74ec3431b0f252029", "id": 10}, {"snippet_links": [{"key": "the-employee-shall", "type": "clause", "offset": [0, 18]}, {"key": "participate-in", "type": "definition", "offset": [34, 48]}, {"key": "incentive-programs", "type": "clause", "offset": [57, 75]}, {"key": "for-the-company", "type": "clause", "offset": [76, 91]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [116, 164]}, {"key": "share-option-plans", "type": "clause", "offset": [166, 184]}, {"key": "purchase-plans", "type": "definition", "offset": [192, 206]}, {"key": "bonus-plans", "type": "clause", "offset": [226, 237]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [312, 335]}, {"key": "date-hereof", "type": "clause", "offset": [367, 378]}, {"key": "from-time-to-time", "type": "clause", "offset": [389, 406]}, {"key": "company-in", "type": "clause", "offset": [440, 450]}, {"key": "sole-discretion", "type": "definition", "offset": [455, 470]}], "size": 26, "samples": [{"hash": "cEddFpkwQIY", "uri": "/contracts/cEddFpkwQIY#incentive-plans", "label": "Employment Agreement (Zymeworks Inc.)", "score": 37.1642723083, "published": true}, {"hash": "8BxjyjqJ3Zn", "uri": "/contracts/8BxjyjqJ3Zn#incentive-plans", "label": "Employment Agreement (Zymeworks Inc.)", "score": 32.5893211365, "published": true}, {"hash": "23WQaspZ2oo", "uri": "/contracts/23WQaspZ2oo#incentive-plans", "label": "Employment Agreement (Zymeworks Inc.)", "score": 30.1745376587, "published": true}], "snippet": "The Employee shall be entitled to participate in certain incentive programs for the Company\u2019s Employees, including, without limiting the generality of the foregoing, share option plans, share purchase plans, profit-sharing or bonus plans (collectively, the \u201cIncentive Plans\u201d). Such Participation shall be on the terms and conditions of such Incentive Plans as at the date hereof or as may from time to time be amended or implemented by the Company in its sole discretion.", "hash": "aa86ef7a4a8e7bc3c4f5a30235057e77", "id": 4}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhpbmNlbnRpdmUtcGxhbnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["other-short-term-incentive-plans", "Other Short Term Incentive Plans"], ["stock-option-plan", "Stock Option Plan"], ["performance-dividend-plan", "Performance Dividend Plan"], ["chesapeake-utilities-corporation-cash-bonus-incentive-plan", "Chesapeake Utilities Corporation Cash Bonus Incentive Plan"], ["chesapeake-utilities-corporation-performance-incentive-plan", "Chesapeake Utilities Corporation Performance Incentive Plan"]], "title": "Incentive Plans", "parents": [["compensation", "Compensation"], ["compensation-and-benefits", "Compensation and Benefits"], ["severance-benefits", "Severance Benefits"], ["terms-of-employment", "Terms of Employment"], ["general", "General"]], "size": 1051, "id": "incentive-plans", "related": [["equity-incentive-plans", "Equity Incentive Plans", "Equity <strong>Incentive Plans</strong>"], ["stock-incentive-plans", "Stock Incentive Plans", "Stock <strong>Incentive Plans</strong>"], ["incentive-plan", "Incentive Plan", "Incentive Plan"], ["bonus-plans", "Bonus Plans", "Bonus Plans"], ["equity-awards", "Equity Awards", "Equity Awards"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00"}, "json": true, "cursor": ""}}