Common use of Performance Pay Program Clause in Contracts

Performance Pay Program. Provided Mr. Garrett is not entitled to a Cash-Based A▇▇▇▇ ▇▇▇▇▇ the PPP, (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP is in place through Mr. Garrett's Termination Date and to the ext▇▇▇ ▇▇. ▇▇▇▇▇tt is entitled to participate therei▇, ▇▇. ▇▇▇▇ett shall be entitled to receive cash ▇▇ ▇▇ ▇▇▇▇nt equal to 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. Garrett is not entitled to a Cash-Based AAward ▇▇▇▇▇ ▇▇▇▇▇ the PPP, (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP is in place through Mr. Garrett's Termination Date and to the ext▇▇▇ extent ▇▇. ▇▇▇▇▇tt is ▇▇ ▇s entitled to participate therei▇therein, ▇M▇. ▇▇▇▇ett ▇▇▇ shall be entitled to receive cash ▇▇ in ▇▇ ▇▇▇▇nt equal ▇▇ ▇qual to 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.