Common use of Non Equity Incentive Practices and Plans Clause in Contracts

Non Equity Incentive Practices and Plans. From and following the Effective Time, the SpinCo Group shall retain pursuant to Section 2.03(b) any incentive plan for the exclusive benefit of SpinCo Employees and Former SpinCo Employees, whether or not sponsored by the SpinCo Group, and, from and after the Effective Time, shall be solely responsible for all Liabilities thereunder. Notwithstanding anything to the contrary in this Agreement, the terms and conditions (including performance goals) of the short-term incentive plans of the SpinCo Group that are applicable to SpinCo Employees and Former SpinCo Employees with respect to calendar year 2018 will be the same as those that applied to the SpinCo Employees and Former SpinCo Employees under the applicable short-term cash incentive compensation plans of the Parent Group immediately prior to the Effective Time, subject to such adjustments that the SpinCo Compensation Committee determines to be necessary or appropriate.