Bonus and Retention Plans. (a) Effective at the Separation Date (or such other date as Roxio and Adaptec may mutually agree), Roxio shall cease to continue to be a Participating Company in applicable Adaptec bonus plans that Roxio Employees were eligible to receive awards under prior to the Separation Date. In Roxio's sole and absolute discretion it may establish a Roxio bonus plan on or after the Separation Date, and any award earned or accrued under such plan (as is applicable) shall be the sole responsibility of Roxio.
Appears in 4 contracts
Samples: Employee Matters Agreement (Roxio Inc), Employee Matters Agreement (Adaptec Inc), Employee Matters Agreement (Roxio Inc)
Bonus and Retention Plans. (a) Effective at the Separation Date (or such other date as Roxio and Adaptec may mutually agree), Roxio shall cease to continue to be a Participating Company in applicable Adaptec bonus plans that Roxio Employees were eligible to receive awards under prior to the Separation Date. In Roxio's sole and absolute discretion it may establish a Roxio bonus plan on or after the Separation Date, and any award earned or accrued under such plan (as is applicable) shall be the sole responsibility of Roxio.
Appears in 1 contract
