Common use of PERFORMANCE PAY PLAN Clause in Contracts

PERFORMANCE PAY PLAN. Provided Xx. Xxxxxxxxx is not entitled to benefits under Article V of the PPP Plan, (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP Plan is in place through Xx. Xxxxxxxxx'x Termination Date and to the extent Xx. Xxxxxxxxx is entitled to participate therein, Xx. Xxxxxxxxx shall be entitled to receive cash in an amount equal to a prorated payout of his Incentive Pay Awards under the PPP Plan for the Performance Period in which the Termination Date shall have occurred, at target performance under the PPP Plan and prorated by the number of months which have passed since the beginning of the Performance Period until the Termination Date.

PERFORMANCE PAY PLAN. Provided Xx. Xxxxxxxxx Xxxxxx is not entitled to benefits under Article V of the PPP Plan, (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP Plan is in place through Xx. Xxxxxxxxx'x Xxxxxx'x Termination Date and to the extent Xx. Xxxxxxxxx Xxxxxx is entitled to participate therein, Xx. Xxxxxxxxx Xxxxxx shall be entitled to receive cash in an amount equal to a prorated payout of his Incentive Pay Awards under the PPP Plan for the Performance Period in which the Termination Date shall have occurred, at target performance under the PPP Plan and prorated by the number of months which have passed since the beginning of the Performance Period until the Termination Date.

PERFORMANCE PAY PLAN. Provided Xx. Xxxxxxxxx Xxxxxxx is not entitled to benefits under Article V of the PPP Plan, (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP Plan is in place through Xx. Xxxxxxxxx'x Xxxxxxx'x Termination Date and to the extent Xx. Xxxxxxxxx Xxxxxxx is entitled to participate therein, Xx. Xxxxxxxxx Xxxxxxx shall be entitled to receive cash in an amount equal to a prorated payout of his Incentive Pay Awards under the PPP Plan for the Performance Period in which the Termination Date shall have occurred, at target performance under the PPP Plan and prorated by the number of months which have passed since the beginning of the Performance Period until the Termination Date.

PERFORMANCE PAY PLAN. Provided Xx. Xxxxxxxxx Xxxxxxxx is not entitled to benefits under Article V of the PPP Plan, Plan (the defined terms of which are incorporated in this Paragraph 2.(d)(ii) by reference), if the PPP Plan is in place through Xx. Xxxxxxxxx'x Xxxxxxxx'x Termination Date and to the extent Xx. Xxxxxxxxx Xxxxxxxx is entitled to participate therein, Xx. Xxxxxxxxx Xxxxxxxx shall be entitled to receive cash in an amount equal to a prorated payout of his Incentive Pay Awards under the PPP Plan for the Performance Period in which the Termination Date shall have occurred, at target performance under the PPP Plan and prorated by the number of months which have passed since the beginning of the Performance Period until the Termination Date.