Cash Incentive and Cash Bonus Plans. Each Lithium Participant participating in any Parent Plan that is a cash bonus or cash incentive plan with respect to the 2018 performance year (each, a “Parent Bonus Plan”) will remain eligible to receive a cash bonus in respect of the 2018 performance year (the “2018 Cash Bonuses”) in accordance with the terms of such applicable Parent Bonus Plan. Any 2018 Cash Bonuses payable to Lithium Participants under such Parent Bonus Plans will be paid by the Company on behalf of Parent in accordance with the terms of the applicable Parent Bonus Plan (including terms relating to the timing of payment), which such amounts shall constitute Lithium Assumed Employee Liabilities; provided that Parent will reimburse Lithium for the portion of the 2018 Cash Bonuses paid by the Company to Lithium Participants that relates to the portion of the 2018 performance period that elapsed prior to the Separation Date, which such amount to be reimbursed by Parent will constitute a Parent Retained Employee Liability.
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Samples: Employee Matters Agreement, Employee Matters Agreement (Livent Corp.), Employee Matters Agreement (FMC Corp)
Cash Incentive and Cash Bonus Plans. Each Lithium Participant participating in any Parent Plan that is a cash bonus or cash incentive plan with respect to the 2018 performance year (each, a “Parent Bonus Plan”) will remain eligible to receive a cash bonus in respect of the 2018 performance year (the “2018 Cash Bonuses”) in accordance with the terms of such applicable Parent Bonus Plan. Any 2018 Cash Bonuses payable to Lithium Participants under such Parent Bonus Plans will be paid by the Company on behalf of Parent in accordance with the terms of the applicable Parent Bonus Plan (including terms relating to the timing of payment), which such amounts shall constitute Lithium Assumed Employee Liabilities; provided that Parent will reimburse Lithium for the portion of the 2018 Cash Bonuses paid by the Company to Lithium Participants that relates to the portion of the 2018 performance period that elapsed prior to the Separation Date, which such amount to be reimbursed by Parent will constitute a Parent Retained Employee Liability.. 20 #90914078v33
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