IR Bonus Plan Participation. As of the Effective Time, each Allegion Group Employee shall cease to participate in any IR Benefit Plan that provides cash bonus or similar short-term cash incentive opportunities (the “IR Bonus Plans”), and from and after the Effective Time, the Allegion Group shall be solely responsible for providing cash bonus or similar short-term cash incentive opportunities to Allegion Group Employees, in accordance with this Article V.
Appears in 3 contracts
Samples: Employee Matters Agreement (Allegion PLC), Employee Matters Agreement (Ingersoll-Rand PLC), Employee Matters Agreement (Allegion PLC)
IR Bonus Plan Participation. As of the Effective Time, each Allegion Group Employee shall cease to participate in any IR Benefit Plan that provides cash bonus or similar short-term cash incentive opportunities (the “IR Bonus Plans”), and from and after the Effective Time, the Allegion Group shall be solely responsible for providing cash bonus or similar short-term cash incentive opportunities to Allegion Group Employees, in accordance with this Article V.V. Section 5.2.
Appears in 1 contract
Samples: Matters Agreement
