Variable Pay Plan. Verigy Transferred Employees and other Verigy Employees shall cease participation in the Agilent variable pay plans as of the applicable Agilent Participation Discontinuance Date. Effective as of the Separation Date, Verigy shall establish the Verigy variable pay plans. Verigy shall be solely responsible for all Liabilities related to the payment of variable pay to Verigy Transferred Employees and other Verigy Employees under any variable pay plan with respect to service completed on and after May 1, 2006.
Appears in 3 contracts
Sources: Employee Matters Agreement (Verigy Pte. Ltd.), Employee Matters Agreement (Verigy Ltd.), Employee Matters Agreement (Agilent Technologies Inc)