Common use of Annual Incentive Plan Clause in Contracts

Annual Incentive Plan. Upon Executive’s Date of Termination, Executive’s entitlement to any award under the applicable annual incentive plan (“AIP”) sponsored by Sears, shall be determined in accordance with the terms and conditions of the AIP document regarding termination of employment.

Appears in 13 contracts

Samples: Executive Severance Agreement, Executive Severance Agreement (Sears Holdings Corp), Executive Severance Agreement (Sears Holdings Corp)

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Annual Incentive Plan. Upon Executive’s Date of Termination, Executive’s entitlement to any award under the applicable annual incentive plan (“AIP”) sponsored by SearsOSH or an OSH Affiliate, shall be determined in accordance with the terms and conditions of the AIP document regarding termination of employment.

Appears in 5 contracts

Samples: Executive Severance Agreement (Orchard Supply Hardware Stores Corp), Executive Severance Agreement (Orchard Supply Hardware Stores Corp), Executive Severance Agreement (Orchard Supply Hardware Stores Corp)

Annual Incentive Plan. Upon Except as provided herein, upon Executive’s Date of Termination, Executive’s entitlement to any award under the applicable annual incentive plan (“AIP”) sponsored by Sears, shall be determined in accordance with the terms and conditions of the AIP document regarding termination of employment.

Appears in 2 contracts

Samples: Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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Annual Incentive Plan. Upon Executive’s Date of Termination, Executive’s entitlement to any award under the applicable annual incentive plan (“AIP”) sponsored by Sears, shall be determined in accordance with the terms and conditions of the AIP document regarding termination of employment, except as otherwise provided in the Offer Letter or in this Agreement.

Appears in 2 contracts

Samples: Severance Agreement, Executive Severance Agreement (Sears Holdings Corp)

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