Variable Pay Plan definition
Examples of Variable Pay Plan in a sentence
You will be eligible to participate in the Symantec Corporation Variable Pay Plan, which pays annually, based upon our success and your individual performance, with your annual target bonus thereunder to be set at not less than sixty percent (60%) of your annual base salary and other eligible compensation (the “Target Bonus”), and any other incentive plans for which you may become eligible.
During the Term, the Executive will be eligible to participate in the Parent’s Variable Pay Plan (“VPP”), as amended from time to time and in accordance with and subject to the terms and conditions thereof and as set out herein.
Since December 31, 1996, the Company has not issued any shares of capital stock of any class of the Company other than issuances of shares of Company Common Stock pursuant to awards under the Stock Plan, the Variable Pay Plan or the Stock Purchase Plan outstanding as of such date.
Purchaser and Parent hereby acknowledge that, notwithstanding the terms of any Plan or award or agreement entered into thereunder, the Merger constitutes a "Change in Control" for purposes of such Plans, awards and agreements and agree to abide by the provisions of any Plan which relate to a Change in Control, including the accelerated vesting and/or payment of equity-based awards under the Stock Plan, Variable Pay Plan and the Stock Purchase Plan.
This notwithstanding, an employee can grieve his/her Variable Pay Plan entitlement based on their personal performance rating.
As of the date hereof, there are no existing awards of stock appreciation rights under the Stock Plan or the Variable Pay Plan.
You will be eligible to participate in the Symantec Corporation Variable Pay Plan, which pays annually, based upon our success and your individual performance, with your annual target bonus thereunder to be set at not less than one hundred percent (100%) of your annual base salary and other eligible compensation (the “Target Bonus”), and any other incentive plans for which you may become eligible.
Except as specified otherwise in ----------------------------- this Agreement, effective on or before the Payroll Date or such other date(s) as HP and Agilent may mutually agree, Agilent shall adopt the Agilent Stock Plans, the Agilent Variable Pay Plan and the Agilent Cash Profit Sharing Program.
It is understood and agreed that it shall be the Company's sole and exclusive right to design the Variable Pay Plan.
Employees of the Agilent Business (including, -------------------- for this purpose, any employees of HP who are designated as employees of the Agilent Business for purposes of the Separation) shall cease their participation in the HP Variable Pay Plan effective November 1, 1999.