Retention Bonus Programs definition
Retention Bonus Programs means retention bonus programs for the benefit of SpinCo Employees, including any individual agreement entered into with any SpinCo Employee.
Examples of Retention Bonus Programs in a sentence
On and after the Local Transfer Date, the SpinCo Group shall assume and be solely responsible for all Liabilities with respect to any amounts owed to a SpinCo Employee under the Retention Bonus Programs, and shall pay all amounts under the Retention Bonus Programs no later than the times provided for under the applicable Retention Bonus Programs.
For the avoidance of doubt, any determinations made prior to the Distribution regarding the amounts of any payments under the Retention Bonus Programs shall be subject to Parent’s prior written approval.