Common use of Cash Incentive Programs Clause in Contracts

Cash Incentive Programs. For any Xxxxxxx cash incentive or sales commission performance period that has not concluded as of the date on which the employment of the applicable Veralto Employees is transferred to Veralto (the “Open Incentive Obligations”), Veralto shall provide that each applicable Veralto Employee shall continue to be eligible to receive a cash incentive bonus or sales commission payment (and shall be paid by Veralto if earned) in accordance with the same terms and conditions as applied to such Veralto Employee under the corresponding Xxxxxxx incentive or sales commission program as in effect immediately prior to the date of such transfer, as equitably adjusted (if applicable) by the Compensation Committee of the Xxxxxxx Board of Directors to the extent necessary to reflect the transactions contemplated by the Separation Agreement; provided that in no event shall the aggregate incentive amounts paid by Veralto to the applicable Veralto Employees in respect of such applicable period be less than the Accrued Incentive Amount. Notwithstanding any provision of this Agreement or the Separation Agreement to the contrary, (i) Xxxxxxx shall not transfer assets in respect of the Accrued Incentive Amount or the Open Incentive Obligations and (ii) effective as of the date on which the employment of the applicable Veralto Employees is transferred to Veralto, Veralto shall assume all Liabilities and obligations in respect of the Accrued Incentive Amount and the Open Incentive Obligations.

Cash Incentive Programs. For any Xxxxxxx cash incentive or sales commission performance period that has not concluded as of the date on which the employment of the applicable Veralto Envista Employees is transferred to Veralto Envista (the “Open Incentive Obligations”), Veralto Envista shall provide that each applicable Veralto Envista Employee shall continue to be eligible to receive a cash incentive bonus or sales commission payment (and shall be paid by Veralto if earned) in accordance with the same terms and conditions as applied to such Veralto Envista Employee under the corresponding Xxxxxxx incentive or sales commission program as in effect immediately prior to the date of such transfer, as equitably adjusted (if applicable) by the Compensation Committee of the Xxxxxxx Board of Directors to the extent necessary to reflect the transactions contemplated by the Separation Agreement; provided that in no event shall the aggregate incentive amounts paid by Veralto to the applicable Veralto Envista Employees in respect of such applicable period be less than the Accrued Incentive Amount. Notwithstanding any provision of this Agreement or the Separation Agreement to the contrary, (i) Xxxxxxx shall not transfer assets in respect of the Accrued Incentive Amount or the Open Incentive Obligations and (ii) effective as of the date on which the employment of the applicable Veralto Envista Employees is transferred to VeraltoEnvista, Veralto Envista shall assume all Liabilities and obligations in respect of the Accrued Incentive Amount and the Open Incentive Obligations.

Cash Incentive Programs. For any Xxxxxxx cash incentive or sales commission performance period that has not concluded as of the date on which the employment of the applicable Veralto Employees is transferred to Veralto (the “Open Incentive Obligations”), Veralto shall provide that each applicable Veralto Employee shall continue to be eligible to receive a cash incentive bonus or sales commission payment (and shall be paid by Veralto if earned) in accordance with the same terms and conditions as applied to such Veralto Employee under the corresponding Xxxxxxx incentive or sales commission program as in effect immediately prior to the date of such transfer, as equitably adjusted (if applicable) by the Compensation Committee of the Xxxxxxx Board of Directors to the extent necessary to reflect the transactions contemplated by the Separation Agreement; provided that in no event shall the aggregate incentive amounts paid by Veralto to the applicable Veralto Employees in respect of such applicable period be less than the Accrued Incentive Amount. Notwithstanding any provision of this Agreement or the Separation Agreement to the contrary, (i) Xxxxxxx shall not transfer assets in respect of the Accrued Incentive Amount or the Open Incentive Obligations and (ii) effective as of the date on which the employment of the applicable Veralto Employees is transferred to Veralto, Veralto shall assume all Liabilities and obligations in respect of the Accrued Incentive Amount and the Open Incentive Obligations.