Determination of Award. Subject further to this paragraph 3(b), Executive's Transaction Bonus Award shall be ____% of the Transaction Bonus Pool. However, if prior to December 31, 2002, control of the Company's Outsourcing Business is transferred for consideration to any of Affiliated Computer Systems, Inc., KPMG, Unisys or any of their affiliates, as determined by the Company, Executive's Transaction Bonus Award with respect to the Outsourcing Business shall be reduced to ___% if a Transaction Bonus Award is paid to a then-former Executive who is contractually entitled to such a Transaction Bonus Award under a Retirement Agreement dated as of January 2, 2002 between the former Executive and the Company. The determination of whether a Transaction or a Transaction Date has occurred, the Transaction Price and the amount payable to Executive, if any, will be made by the Company. Anything in this Agreement to the contrary notwithstanding, the Company may not otherwise use its discretion to increase or decrease the amount of the Transaction Bonus Award payable to the Executive except with his consent.
Appears in 1 contract
Samples: Transaction Bonus Agreement (Systems & Computer Technology Corp)
Determination of Award. Subject further to this paragraph 3(b), Executive's Transaction Bonus Award shall be ____24% of the Transaction Bonus Pool. However, if prior to December 31, 2002, control of the Company's Outsourcing Business is transferred for consideration to any of Affiliated Computer Systems, Inc., KPMG, Unisys or any of their affiliates, as determined by the Company, Executive's Transaction Bonus Award with respect to the Outsourcing Business shall be reduced to ___16% if a Transaction Bonus Award is paid to a then-former Executive who is contractually entitled to such a Transaction Bonus Award under a Retirement Agreement dated as of January 2, 2002 between the former Executive and the Company. The determination of whether a Transaction or a Transaction Date has occurred, the Transaction Price and the amount payable to Executive, if any, will be made by the Company. Anything in this Agreement to the contrary notwithstanding, the Company may not otherwise use its discretion to increase or decrease the amount of the Transaction Bonus Award payable to the Executive except with his consent.
Appears in 1 contract
Samples: Transaction Bonus Agreement (Systems & Computer Technology Corp)
Determination of Award. Subject further to this paragraph 3(b), Executive's Transaction Bonus Award shall be ____31% of the Transaction Bonus Pool. However, if prior to December 31, 2002, control of the Company's Outsourcing Business is transferred for consideration to any of Affiliated Computer Systems, Inc., KPMG, Unisys or any of their affiliates, as determined by the Company, Executive's Transaction Bonus Award with respect to the Outsourcing Business shall be reduced to ___21% if a Transaction Bonus Award is paid to a then-former Executive who is contractually entitled to such a Transaction Bonus Award under a Retirement Agreement dated as of January 2, 2002 between the former Executive and the Company. The determination of whether a Transaction or a Transaction Date has occurred, the Transaction Price and the amount payable to Executive, if any, will be made by the Company. Anything in this Agreement to the contrary notwithstanding, the Company may not otherwise use its discretion to increase or decrease the amount of the Transaction Bonus Award payable to the Executive except with his consent.
Appears in 1 contract
Samples: Transaction Bonus Agreement (Systems & Computer Technology Corp)
Determination of Award. Subject further to this paragraph 3(b), Executive's Transaction Bonus Award shall be ____45% of the Transaction Bonus Pool. However, if prior to December 31, 2002, control of the Company's Outsourcing Business is transferred for consideration to any of Affiliated Computer Systems, Inc., KPMG, Unisys or any of their affiliates, as determined by the Company, Executive's Transaction Bonus Award with respect to the Outsourcing Business shall be reduced to ___25% if a Transaction Bonus Award is paid to a then-former Executive who is contractually entitled to such a Transaction Bonus Award under a Retirement Agreement dated as of January 2, 2002 between the former Executive and the Company. The determination of whether a Transaction or a Transaction Date has occurred, the Transaction Price and the amount payable to Executive, if any, will be made by the Company. Anything in this Agreement to the contrary notwithstanding, the Company may not otherwise use its discretion to increase or decrease the amount of the Transaction Bonus Award payable to the Executive except with his consent.
Appears in 1 contract
Samples: Transaction Bonus Agreement (Systems & Computer Technology Corp)