Common use of Performance Pay Program Clause in Contracts

Performance Pay Program. Provided Mr. Fanning is not entitled to a Cash-Based Award under t▇▇ ▇▇▇, (▇▇e defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP is in place through Mr. Fanning's Termination Date and to the extent Mr. Fann▇▇▇ ▇▇ ▇▇▇▇▇▇ed to participate therein, Mr. Fanning ▇▇▇▇▇ ▇▇ entitled to receive cash in an amoun▇ ▇▇▇▇▇ ▇▇ a prorated payout of his Cash-Based Awards under the PPP for the performance period in which the Termination Date shall have occurred, at target performance under the PPP and prorated by the number of months which have passed since the beginning of the performance period until the Termination Date.

Performance Pay Program. Provided Mr. Fanning is not entitled to a Cash-Based Award under tAw▇▇▇ ▇▇▇▇▇ ▇he PPP, (▇▇e the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP is in place through Mr. Fanning's Termination Date and to the extent Mr. Fannexte▇▇ ▇▇. ▇▇▇▇▇▇g is entitled to participate therein, ▇▇. ▇▇▇▇▇ng shall be entitled to receive cash ▇▇ ▇▇ ▇▇▇▇▇▇ed t equal to participate therein, Mr. Fanning ▇▇▇▇▇ ▇▇ entitled to receive cash in an amoun▇ ▇▇▇▇▇ ▇▇ a prorated payout of his Cash-Based Awards under the PPP for the performance period in which the Termination Date shall have occurred, at target performance under the PPP and prorated by the number of months which have passed since the beginning of the performance period until the Termination Date.