Common use of Performance Awards Clause in Contracts

Performance Awards. (A) The current performance period under the ATI Performance Share Program is the three-year period commencing on January 1, 1998. Either prior to or within a reasonable time after the Distribution Date, in accordance with the provisions of Section 6.4(a)(ii)(B), the applicable ATI Performance Award under the ATI Performance Share Program shall be determined by ATI with respect to each Water Pik Individual for the period from January 1, 1998 through the Distribution Date. Effective Immediately After the Distribution Date, Water Pik and the Water Pik Entities shall assume and be solely responsible for all Benefit Liabilities to or relating to Water Pik Individuals with respect to the administration and distribution of Performance Awards to such Water Pik Individuals.

Appears in 6 contracts

Samples: Employee Benefits Agreement (Allegheny Technologies Inc), Employee Benefits Agreement (Water Pik Technologies Inc), Employee Benefits Agreement (Water Pik Technologies Inc)

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