Common use of Performance-Based Payments Clause in Contracts

Performance-Based Payments. In the case of payments under Sections 4(a)(ii), 4(b)(i) and 4(b)(iii)(A) as incentive compensation for performance in a year completed before the year of your Termination, the payment shall be made at the earliest of the date specified under the applicable Plan or five days after your Date of Termination, subject to any applicable requirement under Section 5(d) or 5(e)(vi); provided that the rule under Section 5(c)(iii) shall apply.

Appears in 4 contracts

Samples: Control Agreement (Mead Johnson Nutrition Co), Control Agreement (Mead Johnson Nutrition Co), Change (Mead Johnson Nutrition Co)

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Performance-Based Payments. In the case of payments under Sections 4(a)(ii4(b)(ii), 4(b)(i4(c)(i) and 4(b)(iii)(A4(c)(iii)(A) as incentive compensation for performance in a year completed before the year of your Termination, the payment shall be made at the earliest of the date specified under the applicable Plan or five days after your Date of Termination, subject to any applicable requirement under Section 5(d) or 5(e)(vi); provided that the rule under Section 5(c)(iii) shall apply.

Appears in 1 contract

Samples: Change in Control Agreement (Bristol Myers Squibb Co)

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