Common use of STIC Clause in Contracts

STIC. Incentive compensation, payable solely at the discretion of the Board of Directors of the Company, pursuant to the Company’s existing Incentive Compensation Program or any other program as the Company may establish in its sole discretion and Executive’s incentive compensation for the 2006 fiscal year under the existing Incentive Compensation Program shall be calculated based on a full year’s performance rather than a pro rata share of that performance.

Appears in 2 contracts

Sources: Employment Agreement (Hillenbrand Industries Inc), Employment Agreement (Hill-Rom Holdings, Inc.)