Common use of Lumentum Variable Compensation Plans Clause in Contracts

Lumentum Variable Compensation Plans. Prior to or promptly after the Transfer Date, Lumentum shall use commercially reasonable efforts to establish Lumentum Variable Compensation Plans. The Lumentum Group shall be solely responsible for establishing performance metrics, funding, paying, and discharging all obligations relating to any variable compensation awards under the Lumentum Variable Compensation Plans, and no member of the JDSU Group or Viavi Group shall have any rights or obligations with respect thereto.

Appears in 5 contracts

Samples: Employee Matters Agreement (Lumentum Holdings Inc.), Employee Matters Agreement (Viavi Solutions Inc.), Employee Matters Agreement (Lumentum Holdings Inc.)

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