Cash Bonus Plans. During the term, Employee shall be entitled to participate in the Employer's Management by Objective (the "MBO") and/or other cash bonus plans, if any, generally made available to senior management employees, from time to time, in accordance with and subject to the requirements of such plans (including, without limitation, the MBO); provided nothing herein shall obligate Employer to continue any of such plans including, without limitation, the MBO, for Employee if discontinued for other senior management employees or to maintain the present or any level of bonus potential.
Cash Bonus Plans. (a) Western Atlas shall be responsible for the payment of all Liabilities for benefits due and payable but unpaid as of and through the Distribution Date under each Western Atlas Bonus Plan with respect to any Prior Plan Year (other than the Current Plan Year), other than with respect to benefits due and payable to UNOVA Participants or UNOVA Former Employees.
Cash Bonus Plans. From the Closing Date through the end of the applicable bonus year in which the Closing Date occurs, Buyer shall (a) continue to maintain the annual cash bonus plans, cash management incentive and local cash incentive plans and other cash arrangements maintained by Group Members and disclosed on Schedule 5.7 as in effect immediately prior to the Closing Date (the “Bonus Plans”) and (b) pay to the Group Employees who participated in such plans immediately prior to the Closing Date cash bonus amounts at such level(s) and at such time(s) as the terms of the Bonus Plans provide; provided, however, that, except as otherwise provided in any applicable change in control agreement or in any other applicable severance plan, policy or arrangement, notwithstanding anything to the contrary in any Bonus Plan, each Group Employee whose employment is terminated by Buyer or any of its Affiliates on or after the Closing Date, but prior to the end of the applicable bonus year other than for “cause” (as such term is defined in the employment, change in control, or severance agreement or plan, or employee manual, that is applicable, respectively, to each Group Employee who participates in any Bonus Plan) shall be entitled to receive a cash bonus pursuant to the applicable Bonus Plan equal to the pro rata portion (based on the number of days worked by the Group Employee during the applicable performance period) of the annual target bonus that such Group Employee would have been entitled to receive under the applicable Bonus Plan in respect of the bonus year in which such date of termination occurs (if the Group Employee had remained employed by Buyer and its Affiliates through the date such bonus would otherwise be payable).
Cash Bonus Plans
