Corporate Bonus Practices. (i) The Varex Group shall be responsible for determining all non-equity bonus awards that would otherwise be payable to Varex Employees for any performance periods that are open when the Effective Time occurs. The Varex Group shall also determine for Varex Employees (A) the extent to which established performance criteria (as interpreted by the Varex Group, in its sole discretion) have been met, and (B) the payment level for each Varex Employee. The Varex Group shall assume all Liabilities with respect to any such bonus awards payable to Varex Employees for any performance periods that are open when the Effective Time occurs and thereafter, and no member of the Parent Group shall have any obligations with respect thereto.
Appears in 5 contracts
Samples: Employee Matters Agreement, Employee Matters Agreement (Varex Imaging Corp), Employee Matters Agreement (Varian Medical Systems Inc)
