AIP. CBI shall pay to Executive’s estate or other legal representative the pro-rata portion of Executive’s Target AIP award under the AIP for the year in which Executive’s death occurs. Such payment shall be calculated by multiplying such Target AIP award by a fraction, the numerator of which is the number of weeks in the applicable year which precedes the date of death and the denominator of which is 52. Such amount shall be paid by CBI in a lump sum within thirty (30) days of the date of death. The payments under this Section 6(d)(ii) shall be made in lieu of any and all payments otherwise due under the AIP for the year in which Executive’s death occurs.
Appears in 8 contracts
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.), Employment Agreement (Dr Pepper Snapple Group, Inc.), Employment Agreement (Dr Pepper Snapple Group, Inc.)
AIP. CBI shall pay to Executive’s 's estate or other legal representative the pro-rata pro‑rata portion of Executive’s 's Target AIP award under the AIP for the year in which Executive’s 's death occurs. Such payment shall be calculated by multiplying such Target AIP award by a fraction, the numerator of which is the number of weeks in the applicable year which precedes the date of death and the denominator of which is 52. Such amount shall be paid by CBI in a lump sum within thirty (30) days of the date of death. The payments under this Section 6(d)(ii) shall be made in lieu of any and all payments otherwise due under the AIP for the year in which Executive’s 's death occurs.. CBI BB2 (rev. 9-14-07)
Appears in 1 contract
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.)
AIP. CBI shall pay to Executive’s 's estate or other legal representative the pro-rata pro‑rata portion of Executive’s 's Target AIP award under the AIP for the year in which Executive’s 's death occurs. Such payment shall be calculated by multiplying such Target AIP award by a fraction, the numerator of which is the number of weeks in the applicable year which precedes the date of death and the denominator of which is 52. Such amount shall be paid by CBI in a lump sum within thirty (30) days of the date of death. The payments under this Section 6(d)(ii) shall be made in lieu of any and all payments otherwise due under the AIP for the year in which Executive’s 's death occurs.
Appears in 1 contract
Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.)
