Common use of Compensation and Benefits during the Notice Period Clause in Contracts

Compensation and Benefits during the Notice Period. Except as otherwise provided in this Section 7, Executive shall continue to be paid his base salary and continue to participate in the Company’s incentive compensation and benefit plans (in accordance with the applicable plan terms), as more fully described in Section 5, except that Executive will not be granted any additional long-term equity incentive awards) during the applicable notice period, if any, as described in Section 7 above (such notice period or any part thereof referred to herein as the “Notice Period”), through the Executive’s termination date. For avoidance of doubt, during the Notice Period, Executive will continue to participate in the Annual Incentive Plan or Annual Performance Bonus Plan, as applicable, at the same bonus target award level in effect prior to the Notice Period and under the applicable Plan terms and conditions through Executive’s date of termination.

Appears in 11 contracts

Samples: Employment Agreement (TE Connectivity Ltd.), Employment Agreement (TE Connectivity Ltd.), Employment Agreement (TE Connectivity Ltd.)

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Compensation and Benefits during the Notice Period. Except as otherwise provided in this Section 7, Executive shall continue to be paid his base salary and continue to participate in the Company’s 's incentive compensation and benefit plans (in accordance with the applicable plan terms), as more fully described in Section 5, except that Executive will not be granted any additional long-term equity incentive awards) awards during the applicable notice period, if any, as described in Section 7 above (such notice period or any part thereof referred to herein as the "Notice Period"), through the Executive’s 's termination date. For avoidance of doubt, during the Notice Period, Executive will continue to participate in the Annual Incentive Plan or Annual Performance Bonus Plan, as applicable, at the same bonus target award level in effect prior to the Notice Period and under the applicable Plan terms and conditions of the applicable plan through Executive’s 's date of termination.. ​

Appears in 1 contract

Samples: Employment Agreement (TE Connectivity Ltd.)

Compensation and Benefits during the Notice Period. Except as otherwise provided in this Section 7, Executive shall continue to be paid his base salary and continue to participate in the Company’s incentive compensation and benefit plans (in accordance with the applicable plan terms), as more fully described in Section 5, except that Executive will not be granted any additional long-term equity incentive awards) during the applicable notice period, if any, as described in Section 7 (a) above (such notice period or any part thereof referred to herein as the “Notice Period”), through the Executive’s termination date, except that Executive will not be granted any additional long-term equity incentive awards during the Notice Period. For avoidance of doubt, during the Notice Period, Executive will continue to participate in the Annual Incentive Plan or Annual Performance Bonus Plan, as applicable, at the same bonus target award level in effect prior to the Notice Period and under the applicable Plan terms and conditions of the applicable plan through Executive’s date of termination.

Appears in 1 contract

Samples: Employment Agreement (TE Connectivity Ltd.)

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Compensation and Benefits during the Notice Period. Except as otherwise provided in this Section 7, Executive shall continue to be paid his base salary and continue to participate in the Company’s incentive compensation and benefit plans (in accordance with the applicable plan terms), as more fully described in Section 5, except that Executive will not be granted any additional long-term equity incentive awards) during the applicable notice period, if any, as described in Section 7 (a) above (such notice period or any part thereof referred to herein as the “Notice Period”), through the Executive’s termination date, except that Executive will not be granted any additional long-term equity incentive awards during the Notice Period. For avoidance of doubt, during the Notice Period, Executive will continue to participate in the Annual Incentive Plan or Annual Performance Bonus Plan, as applicable, at the same bonus target award level in effect prior to the Notice Period and under the applicable Plan terms and conditions of the applicable plan through Executive’s date of termination.. ​

Appears in 1 contract

Samples: Employment Agreement (TE Connectivity Ltd.)

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