Value Sharing Plan definition

Value Sharing Plan means The Clorox Company Value Sharing Plan in effect prior to December 1, 1996.
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Value Sharing Plan means The Clorox Company Value Sharing Plan, as amended from time to time. "Value Sharing Plan Year" means the plan year defined in the Value Sharing Plan and "Value Sharing Contribution" means a Value Sharing Contribution (including forfeitures) as described in the Value Sharing Plan. Before June 30, 1996, The Clorox Company Value Sharing Plan was called The Clorox Company Profit Sharing Plan, Value Sharing Contributions were called Profit Sharing Contributions, and the Value Sharing Plan Year was known as the Profit Sharing Plan Year.
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Examples of Value Sharing Plan in a sentence

  • Any such payments will be pro-rated based on multiplying them times a fraction, the numerator of which is the number of quarters completed in the performance cycle and the denominator of which is the original number of quarters in the performance cycle called for in the Value Sharing Plan.

  • Upon termination of employment the Executive shall cease to participate in any qualified benefit plan maintained by the Company such as the Pension Plan, the Value Sharing Plan including the Tax Reduction Investment Plan, and the Executive shall also cease to participate in any welfare benefit plan maintained by the Company, except as otherwise provided in (a)(iii) above or under the terms of such plan.

  • When a hurdle is achieved, Executive will receive a cash payment according to the attached schedule (CEO Value Sharing Plan: Stock Price Hurdles and Payments).

  • To the extent permissible under the Interim Final Rule, as may be amended or finalized, in the event the Company repays its obligation to the Department of Treasury under TARP during the Employment Period, any Annual Restricted Stock that has not been granted to the Employee as of the date of such repayment may be granted, as mutually agreed by the Company and the Employee, in the form of stock options, restricted stock or Value Sharing Plan units with an equivalent value.

  • In lieu of participating in the Company’s Value Sharing Plan for 2008, during the first calendar quarter of 2009, provided the Employee is employed as of the payment date, the Company shall pay the Employee a one-time cash award equal to the greater of (i) $275,000 or (ii) gross amount of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇’▇ Value Sharing Plan payment for 2006-2008 (disregarding any deferral of payment).

  • The purpose of the CEO Value Sharing Plan is to act as a retention device by providing significant rewards for equally significant shareholder value creation.

  • This lump sum payment includes any amounts due under the LNC Employees' Severance Pay Policy Plan and the 1999 Executive Value Sharing Plan ("EVSP") established under the terms of the 1997 Lincoln National Incentive Plan ("ICP").

  • The purpose of the CEO Value Sharing Plan is to act as a retention device by providing significant rewards for equally significant shareholder value creation, this being accomplished by sharing a portion of created value in the form of cash payments to Executive.

  • Provided the Company adopts a Value Sharing Plan for any period subsequent to 2008 and during the term of this Agreement, the Employee shall participate in such plan on a basis, determined by the Compensation Committee, commensurate with Employee’s position and responsibilities relative to those of other senior officers of the Company.

Related to Value Sharing Plan

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Plan 3 means the teachers' retirement system, plan 3

  • Super Top Heavy Plan means a plan described in Section 2.2(b).

  • Salary reduction plan means a benefit plan whereby state and

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.