Common use of Management Incentive Plan Clause in Contracts

Management Incentive Plan. The Issuers shall not amend, modify or restate the Management Incentive Plan after the Effective Date in any way that would increase the aggregate maximum amount of incentive payments payable thereunder at any time to an amount greater than 105% of the aggregate maximum amount otherwise payable under the Management Incentive Plan with respect to the achievement of a certain performance target or incentive level.

Appears in 6 contracts

Samples: Indenture (Comdisco Holding Co Inc), Indenture (Comdisco Inc), Indenture (Comdisco Holding Co Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!