Common use of STIP Clause in Contracts

STIP. The Key Executive shall participate in the Xxxx Atlantic ---- Senior Management Short Term Incentive Plan or any successor to that plan ("STIP") and shall be eligible each year during the Term of Employment for a potential maximum award which shall not be less than the potential maximum award he is eligible to receive for the performance year 1998.

Appears in 6 contracts

Samples: Employment Agreement (Bell Atlantic Corp), Employment Agreement (Bell Atlantic Corp), Employment Agreement (Bell Atlantic Corp)

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STIP. The Key Executive shall participate in the Xxxx ---- Atlantic ---- Senior Management Short Term Incentive Plan or any successor to that plan ("STIP") and shall be eligible each year during the Term of Employment for a potential maximum award which shall not be less than the potential maximum award he is eligible to receive for the performance year 1998.

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

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STIP. The Key Executive shall participate in the Xxxx ---- Atlantic ---- Senior Management Short Term Incentive Plan or any successor to that plan ("STIP") and shall be eligible for a potential maximum award which, for each performance year during the Term of Employment for a potential maximum award which Employment, shall not be less equal to or greater than 2.25 multiplied by the potential maximum award he is eligible to receive for the performance year 1998Key Executive's base salary in effect on January 1 of each such year.

Appears in 1 contract

Samples: Employment Agreement (Bell Atlantic Corp)

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