SpinCo Bonus Awards. (i) TM shall be responsible for determining all bonus awards that would otherwise be payable under the IAC Incentive Plans to TM Employees for the Effective Time Year. TM shall also determine for TM Employees (A) the extent to which established performance criteria (as interpreted by TM, in its sole discretion) have been met, and (B) the payment level for each TM Employee. TM shall assume all Liabilities with respect to any such bonus awards payable to TM Employees for the Effective Time Year and thereafter.
Appears in 5 contracts
Samples: Employee Matters Agreement (Ticketmaster), Employee Matters Agreement (Tree.com, Inc.), Employee Matters Agreement (Ticketmaster)
