Variable Compensation Plans definition
Examples of Variable Compensation Plans in a sentence
JDSU shall promptly determine the amount of the awards earned by and payable to such persons under the JDSU Variable Compensation Plans.
Prior to or promptly after the Transfer Date, Lumentum shall use commercially reasonable efforts to establish Lumentum Variable Compensation Plans.
Lumentum Group Employees covered by the JDSU Variable Compensation Plans shall continue to be eligible to participate in such plans until immediately prior to the Distribution Date.
The parties agree that Lumentum Group Employees who have earned any amount of awards under the applicable JDSU Variable Compensation Plans prior to the Distribution Date shall be entitled to receive payment of such awards notwithstanding any requirement in the applicable JDSU Variable Compensation Plans that the Employee remains employed by JDSU on the date of the payment.
The Lumentum Group shall be solely responsible for establishing performance metrics, funding, paying, and discharging all obligations relating to any variable compensation awards under the Lumentum Variable Compensation Plans, and no member of the JDSU Group or Viavi Group shall have any rights or obligations with respect thereto.
Payment of the awards shall be made by members of the Lumentum Group pursuant to and consistent with the terms of the applicable JDSU Variable Compensation Plans, and members of the JDSU Group shall reimburse such members of the Lumentum Group for the amount paid, such reimbursement to be made no more than twenty (20) business days following Lumentum’s notification of the amount of the awards paid to such persons.
Regardless of the method by which such awards are paid to Lumentum Group Employees and notwithstanding anything contrary in this Agreement, the JDSU Group shall retain and agree faithfully to perform, discharge and fulfill any and all Liabilities with respect to, in relation to, or for claims made by any Lumentum Group Employees with respect to awards earned and payable under the JDSU Variable Compensation Plans.
Regardless of the method by which such awards are paid to Lumentum Group Employees and notwithstanding anything contrary in this Agreement (with the exception of Section 9.22), the JDSU Group shall retain and agree faithfully to perform, discharge and fulfill any and all Liabilities with respect to, in relation to, or for claims made by any Lumentum Group Employees with respect to awards earned and payable under the JDSU Variable Compensation Plans.
Employee will be entitled to such awards as are declared from time to time by the Board of Directors under the terms of the "Variable Compensation Plans" or any successor Plans.
To the extent the performance goals for the First Half or Second Half of 2010 Variable Compensation Plans are satisfied and the Compensation Committee of Lithia authorizes a payment to the other senior executive officers based on such performance, Executive will participate in said award and any amounts payable to Executive will be computed on the basis of that portion of his base compensation earned during the period through the Resignation Date.