Executive Compensation Programs definition

Executive Compensation Programs means, any compensation programs maintained, in whole or in part, by Angiotech U.S. on behalf of executive employees over a certain grade level, including without limitation bonus or incentive programs tied to the performance of Angiotech U.S.
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Examples of Executive Compensation Programs in a sentence

  • If a Change of Control occurs during the Term, then the Contractor shall become fully vested in all awards heretofore or hereafter granted to the Contractor under all Contractor Option Plans and Executive Compensation Programs, regardless of any provision in such plans or agreements that do not provide for full vesting.

  • If a Change of Control occurs during the Term, then the Employee shall become fully vested and receive the maximum of all awards (stock options and cash bonuses) heretofore or hereafter granted to the Employee under all employee Option Plans and Executive Compensation Programs, regardless of any provision in such plans or agreements that do not provide for full vesting.

  • During the Term, the Contractor shall be eligible for all Contractor Benefit Plans, Contractor Option Plans and Executive Compensation Programs, subject in each case to the generally applicable terms and conditions of the plan or program in question and to the determinations of any person(s) or committee administering such plan or program.

  • If a Change of Control occurs during the Term, then the Employee shall become fully vested and receive the maximum of all awards (stock options and cash bonuses) heretofore or hereafter granted to the Employee under all Employee Option Plans and Executive Compensation Programs, regardless of any provision in such plans or agreements that do not provide for full vesting.

  • Except as otherwise provided in this Agreement, effective as of the Distribution Date, the Vlasic Group and its applicable Plan shall assume all Vlasic Liabilities in connection with Vlasic Executive Compensation Programs for Active Vlasic Employees and the CSC Group shall have no further liability with respect to such Vlasic Liabilities.

  • Except as otherwise set forth in this Section 5.2 or as otherwise specifically provided in one or more CSC Executive Compensation Programs, effective Immediately after the Distribution Date, Vlasic shall assume all Vlasic Liabilities for Active Vlasic Employees under all CSC Deferred Compensation Programs.

  • The CSC Group shall have no liability with respect to the Vlasic Executive Compensation Programs, and the Vlasic Group shall have no liability with respect to the CSC Executive Compensation Programs.

  • Notwithstanding the foregoing, Vlasic has sole authority to determine which Active Vlasic Employees shall be eligible to participate in one or more of the Vlasic Executive Compensation Programs.

  • Unless specifically provided for otherwise in this Article V, effective on the Distribution Date, Vlasic shall establish the Vlasic Executive Compensation Programs, which shall provide benefits to eligible Active Vlasic Employees that are comparable to the corresponding CSC Executive Compensation Programs.

  • All Active Vlasic Employees, whether or not eligible to participate in one or more of the Vlasic Executive Compensation Programs, shall cease to be eligible to participate in the CSC Executive Compensation Programs as of the Distribution Date, except as otherwise provided pursuant to the CSC Executive Compensation Programs.