Aaron’s Incentive Plan Sample Clauses

Aaron’s Incentive Plan. Executive will be eligible for a prorated bonus through Aaron’s Incentive Plan for 2014, if goals are achieved, based upon his earnings for the period of January 1, 2014 to August 1, 2014. If earned, the Company will pay Executive a lump sum payment, less applicable deductions for federal, state and local withholding and other taxes, for the prorated 2014 Aaron’s Incentive Plan payout, when such payout would normally be paid under the terms of the plan (in 2015). If Executive is rehired by the Company or an affiliate of the Company while receiving benefits pursuant to this Waiver and Release, any remaining, unpaid salary continuation rights under Section 2(b) shall be forfeited upon rehire, and no additional benefits shall be paid.