BMS Performance Incentive Plan Clause Samples

BMS Performance Incentive Plan. Except as specified otherwise in this Agreement and subject to applicable law, BMS shall retain all Liabilities under the BMS Performance Incentive Plans and related BMS administrative guidelines and procedures with respect to the Mead Johnson Transferred Employees, to the extent such Liabilities relate to performance periods prior to January 1, 2008. Mead Johnson shall assume all Liabilities under the BMS Performance Incentive Plans and related BMS administrative guidelines and procedures with respect to the Mead Johnson Transferred Employees, to the extent such Liabilities relate to the annual performance periods commencing on January 1, 2008 and on each anniversary thereof. BMS shall calculate the amounts payable to such Mead Johnson Transferred Employees under the BMS Performance Incentive Plans for the 2008 performance period, and shall direct Mead Johnson to make such payments after the end of the applicable performance period pursuant to the terms and conditions of the BMS Performance Incentive Plans. Mead Johnson and BMS shall cooperate in the execution of this Subsection 9.1.