Common use of AIP Clause in Contracts

AIP. CBI shall pay Executive the pro-rata portion of Executive’s Target AIP award under the AIP for the year in which Executive’s Disability occurs, computed as in Section 6(d)(ii) above but substituting Disability for death. The payments under this Section 6(e)(ii) shall be made in lieu of any and all payments otherwise due under the AIP for the year in which Executive’s Disability 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.)

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AIP. CBI shall pay Executive the pro-rata pro‑rata portion of Executive’s 's Target AIP award under the AIP for the year in which Executive’s 's Disability occurs, computed as in Section 6(d)(ii) above but substituting Disability for death. The payments under this Section 6(e)(ii) shall be made in lieu of any and all payments otherwise due under the AIP for the year in which Executive’s 's Disability occurs.

Appears in 2 contracts

Samples: Employment Agreement (Dr Pepper Snapple Group, Inc.), Employment Agreement (Dr Pepper Snapple Group, Inc.)

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