Common use of United Online Assumption of Annual Incentive Liability Clause in Contracts

United Online Assumption of Annual Incentive Liability. Prior to and effective as of the Distribution Date, United Online shall assume or retain, as applicable, responsibility for all Liabilities and fully perform, pay and discharge in due course in full, all obligations relating to any annual incentive awards that any UOL Participant is eligible to receive with respect to calendar year 2013 and, effective as of the Distribution Date, FTD shall have no obligation with respect thereto.

Appears in 4 contracts

Samples: Employee Matters Agreement (FTD Companies, Inc.), Employee Matters Agreement (United Online Inc), Employee Matters Agreement (FTD Companies, Inc.)

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