Cash LTIP. You will receive a prorated Cash LTIP payment for the 2006-08 performance cycle based on actual performance, with your prorated entitlement to be one-third of the otherwise earned benefit. This payment will be made after the end of the 2006-08 performance cycle and on or before March 31, 2009 at the time the Company pays awards for the 2006-08 performance cycle to other participants.
Cash LTIP. The Executive shall participate in the Company’s Cash LTIP, as established and modified from time to time by the Company, with a target payout of 75% of Base Salary after the three Fiscal Years ending on March 31, 2015, provided that the Executive is actively employed from the Effective Date until the date of the payment of the Cash LTIP. The Cash LTIP is governed by the applicable provisions of the Company’s plan, as set out more fully therein. The Board will review and determine any modifications to the Cash LTIP applicable to the Executive for every subsequent three Fiscal Year period. In the event that the Executive is terminated without Cause after at least three (3) years of employment and within two (2) years of a change in control as defined in the Company’s Cash LTIP plan, any balance in the Cash LTIP will be paid to the Executive in a lump sum payment. In the event a change in control, as defined in the Company’s Cash LTIP, occurs after at least three (3) years of employment and the Company’s Cash LTIP is not continued or replaced with a plan of equivalent value, any balance in the Cash LTIP will be paid to the Executive in a lump sum payment.
Cash LTIP. You will receive a prorated Cash LTIP payment for the 2008-10 performance cycle based on actual performance, with your prorated entitlement to be determined by multiplying the otherwise earned benefit by a fraction, the numerator of which is the number of complete months during the performance cycle to your Termination Date and the denominator is 36. This payment will be made after the end of the 2008-10 performance cycle at the time the Company pays awards under the terms of the LTIP for the 2008-10 performance cycle to other participants and will be subject to all federal, state, and local taxes, as applicable.
Cash LTIP. You will receive a prorated Cash LTIP payment for the 2008-10 performance cycle equal to the sum of (i) 66.67% of the amount of your Cash LTIP grant earned for the cycle determined based on actual performance for the cycle through 2009 and (ii) 33.33% of the lower of (A) your target Cash LTIP grant for the cycle or (B) your Cash LTIP grant earned for the cycle determined based on actual performance for 2010, with such resulting amount under this (ii) then multiplied by a fraction, the numerator of which is the number of days in 2010 through your Termination Date and the denominator of which is 365. Payment of the amount determined under (i) above will be made within 60 days following your Termination Date, and payment of the amount under (ii) will be paid after the end of the 2008-10 performance cycle at the time the Company pays earned Cash LTIP grants for such cycle but in no event later than March 15, 2011. Such payments will be subject to all federal, state, and local withholding taxes, as applicable.
Cash LTIP. The RSUs and Cash LTIP Awards will vest in equal 331⁄3% installments (each, an “Installment”) on each of the first three (3) anniversaries of the Emergence Date.
