Common use of Parent Bonus Awards Clause in Contracts

Parent Bonus Awards. Parent shall retain all Liabilities with respect to any bonus awards payable under the Parent Incentive Plans to Parent Employees for the year in which the IPO Effective Time occurs and thereafter.

Appears in 4 contracts

Samples: Employee Matters Agreement (Arlo Technologies, Inc.), Employee Matters Agreement (Netgear, Inc), Employee Matters Agreement (Arlo Technologies, Inc.)

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Parent Bonus Awards. Parent shall retain all Liabilities with respect to any bonus or other short-term incentive awards payable under the Parent Incentive Plans any Benefit Plan or Benefit Agreement (other than equity-based awards described in Section 5.3) to Parent Employees for the fiscal year of Parent in which the IPO Effective Time occurs and thereafter.

Appears in 2 contracts

Samples: Employee Matters Agreement (Ingevity Corp), Employee Matters Agreement (Ingevity Corp)

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