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: Change in Control Agreement (Bristol Myers Squibb Co), Change in Control Agreement (Mead Johnson Nutrition Co), Change in Control Agreement (Mead Johnson Nutrition Co)

AutoNDA by SimpleDocs

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)

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