LUCENT SHORT TERM INCENTIVE PLAN Sample Clauses

LUCENT SHORT TERM INCENTIVE PLAN. Lucent and Agere shall cooperate in determining, with respect to all Officer Awards that would otherwise be payable under the Lucent Short Term Incentive Plan to Transferred Individuals for the 2001 performance year, (a) the extent to which established performance criteria (as interpreted by Lucent and Agere, in their discretion, after taking into account the effects of the Distribution) have been met and (b) the payment level for each such Transferred Individual. Agere shall be responsible for paying such Officer Awards.
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LUCENT SHORT TERM INCENTIVE PLAN. Lucent and Avaya shall cooperate in determining, with respect to all Officer Awards that would otherwise be payable under the Lucent Short Term Incentive Plan to Avaya Individuals for the 2000 performance year, (a) the extent to which established performance criteria (as interpreted by Lucent and Avaya, in their discretion, after taking into account the effects of the Distribution) have been met and (b) the payment level for each such Avaya Individual. Avaya shall be responsible for paying such Officer Awards in an aggregate amount at least equal to the portion of the Lucent commitment, as described on Schedule III hereto, attributable to Avaya Individuals. Avaya shall make such payment prior to December 15, 2000.

Related to LUCENT SHORT TERM INCENTIVE PLAN

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in any long term incentive compensation plan maintained by the Company on the terms established from time to time by the Board or the Compensation Committee of the Board, as applicable.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Long-Term Incentive The Company shall provide Employee an opportunity to participate in the Company’s applicable long term incentive plan as it may or may not exist from time to time.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

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