Common use of Prorated LTIP Bonus Clause in Contracts

Prorated LTIP Bonus. Executive's Pro-rata LTIP Bonus reduced (but not below zero) by the amount of any LTIP Bonus paid to Executive with respect to the LTIP Performance Periods not completed as of the Termination Date, whether such amount was paid under Section 2.6 or otherwise;

Appears in 2 contracts

Samples: Change of Control Employment Agreement (Principal Financial Group Inc), Employment Agreement (Principal Financial Group Inc)

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Prorated LTIP Bonus. Within 45 days after the Termination Date, Executive's ’s Pro-rata LTIP Bonus reduced (but not below zero) by the amount of any LTIP Bonus previously paid to Executive with respect to the LTIP Performance Periods not completed as of the Termination Date, whether such amount was paid under Section 2.6 or otherwise;

Appears in 2 contracts

Samples: Change of Control Employment Agreement (Principal Financial Group Inc), Change of Control Supplement to Employment Agreement (Principal Financial Group Inc)

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