Performance-Based Incentive Plan Rights. (i) After the Termination Date, Executive will continue to have the same rights to the Performance Shares or Performance Units awarded under the 2014 Stock Option and Incentive Plan to the same extent as immediately before the Termination Date. Executive will become vested in and receive payment of benefits under the plan in the same amounts and at the same times as if Executive had continued in active employment through the end of the applicable performance periods and vesting dates.
(ii) After the Termination Date, Xxxxxxx will pay the Executive any unpaid bonus amounts under the Profit Sharing Incentive Bonus Plan, or any subsequent replacement plan, due for the fiscal year immediately preceding the Termination Date and a prorated amount of the bonus for bonus period in which the Termination Date occurs. The prorated bonus payment will be in an amount equal to the product of (i) the bonus otherwise payable for the bonus period and (ii) a fraction, the numerator of which is the number of days from the first day of the bonus period to the last day of employment, and the denominator of which is the number of days in the bonus period. Executive will receive payments under the plan at the same times as if the Executive had continued in active employment through the end of the applicable performance periods.
Performance-Based Incentive Plan Rights. After the Termination Date, Executive will continue to be a participant in these performance-based incentive plans, to the same extent as immediately before the Termination Date: (i) performance-based Stock Units under the Relative Total Shareholder Return program of the 2017 Stock Plan with payout to occur in accordance with section 4.C.(i) of the Executive’s Performance Unit Award Agreement; (ii) other performance-based Restricted Stock or performance-based Stock Units awarded under the 2017 Stock Plan; and (iii) the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, with respect to any incentive payments due for the fiscal year immediately preceding the Termination Date. Executive will become vested in and receive payment of benefits under those performance-based plans in the same amounts and at the same times as if Executive had continued in active employment through the end of the applicable performance periods and vesting dates. In addition, Executive will receive an incentive payment under the 2016 Annual Cash Incentive Plan, as amended, or any subsequent replacement plan, for the fiscal year in which the Termination Date occurs, and that share will be paid at the same time as if Executive had continued in active employment through the end of the performance period and vesting date.
Performance-Based Incentive Plan Rights. After the Termination Date, Executive will continue to be a participant in these performance-based incentive plans, to the same extent as immediately before the Termination Date: (i) Performance Share Units under the Relative Total Shareholder Return program of the 2003 Stock Plan with payout to occur in accordance with section 4.C.(i) of the Executive’s Performance Unit Award Agreement; (ii) other Performance Shares or Performance Units awarded under the 2003 Stock Plan; and (iii) the 2010 Profit Sharing Incentive Bonus Plan, or any subsequent replacement plan, with respect to any bonus payments due for the fiscal year immediately preceding the Termination Date. Executive will become vested in and receive payment of benefits under those performance-based plans in the same amounts and at the same times as if Executive had continued in active employment through the end of the applicable performance periods and vesting dates. In addition, Executive will receive a bonus payment under the 2010 Profit Sharing Incentive Bonus Plan, or any subsequent replacement plan, for the fiscal year in which the Termination Date occurs, and that share will be paid at the same time as if Executive had continued in active employment through the end of the performance period and vesting date.]
