2024 Bonus. Notwithstanding anything in this Agreement to the contrary, if the Spin-Off Date occurs during 2024, Executive will receive an annual incentive award for 2024 (“2024 Bonus”) pursuant to the terms of the Employee Matters Agreement to be entered into between SITE Centers and Curbline in connection with the Spin-Off (which terms will involve Executive receiving a truncated payment from SITE Centers for the 2024 Bonus earned for the portion of 2024 occurring prior to the Spin-Off Date (based on actual performance) (the “SITE 2024 Bonus”), and Curbline establishing a truncated 2024 Bonus award opportunity for Executive for the remaining portion of 2024 after the Spin-Off Date based on actual performance and the payout opportunities set forth on Exhibit A to this Agreement (the earned amount under such Curbline award, the “Curbline 2024 Bonus”)).
Appears in 8 contracts
Samples: Assigned Employment Agreement (SITE Centers Corp.), Assigned Employment Agreement (SITE Centers Corp.), Employment Agreement (SITE Centers Corp.)
