Common use of MIP Bonus Clause in Contracts

MIP Bonus. The term “MIP Bonus” means the bonus earned by CEO under the MIP for the Fiscal Year, without regard to any additional amounts the CEO may be entitled to receive under the MIP as a result of elections made by CEO. For the avoidance of doubt, the MIP Bonus shall not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the EDCP.

Appears in 1 contract

Samples: Fiscal Year 2007 Supplemental Bonus Agreement (Sysco Corp)

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MIP Bonus. The term “MIP Bonus” means the bonus earned by CEO Executive under the MIP for the Fiscal Year, without regard to any additional amounts the CEO may be entitled to receive under the MIP as a result of elections made by CEO. For the avoidance of doubt, the MIP Bonus shall not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the EDCPcontributions.

Appears in 1 contract

Samples: Supplemental Bonus Agreement (Sysco Corp)

MIP Bonus. The term “MIP Bonus” means the bonus earned by CEO under the MIP for the Fiscal Year, without regard to any additional amounts the CEO may be entitled to receive under the MIP as a result of elections made by CEO. For the avoidance of doubt, the MIP Bonus shall not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the EDCPcontributions.

Appears in 1 contract

Samples: Supplemental Bonus Agreement (Sysco Corp)

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MIP Bonus. The term “MIP Bonus” means the bonus earned by CEO Executive under the MIP for the Fiscal Year, without regard to any additional amounts the CEO Executive may be entitled to receive under the MIP as a result of elections made by CEOExecutive. For the avoidance of doubt, the MIP Bonus shall not include any Company matching contributions resulting from the deferral of all or a portion of the MIP Bonus under the Sysco Corporation Executive Deferred Compensation Plan (“EDCP”).

Appears in 1 contract

Samples: Supplemental Bonus Agreement (Sysco Corp)

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