Common use of Executive Incentive Compensation Plan Clause in Contracts

Executive Incentive Compensation Plan. During the twelve (12) month period subsequent to any Change in Control, neither the Company, nor, if applicable, any successor to the Company, will eliminate the Executive's participation in the Company's Executive Incentive Compensation Plan or reduce the Executive's target bonus amount under that plan."

Appears in 3 contracts

Samples: Severance Agreement (Transact Technologies Inc), Severance Agreement (Transact Technologies Inc), Severance Agreement (Transact Technologies Inc)

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Executive Incentive Compensation Plan. During the twelve (12) month period subsequent to any Change in Control, neither the Company, nor, if applicable, any successor to the Company, will eliminate the Executive's participation in the Company's Executive Incentive Compensation Plan or reduce the Executive's target bonus amount under that plan."

Appears in 1 contract

Samples: Severance Agreement (Transact Technologies Inc)

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Executive Incentive Compensation Plan. During the twelve (12) month period subsequent to any Change in Control, neither the Company, nor, if applicable, any successor to the Company, will eliminate or the Executive's participation in the Company's Executive Incentive Compensation Plan or reduce the Executive's target bonus amount under that plan." 8. Adding a new Section 17 immediately following new Section 16, to read asfollows:

Appears in 1 contract

Samples: Employment Agreement (Transact Technologies Inc)

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