Examples of Water Pik Individual in a sentence
No provision of this Agreement or the Separation and Distribution Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any Water Pik Individual or other future, present or former employee of ATI, an ATI Entity, Water Pik, or a Water Pik Entity under any ATI Plan or Water Pik Plan or otherwise.
To the extent any Water Pik Individual contributed to an account under the ATI HCRA Plan during the calendar year that includes the Distribution Date, effective as of the Close of the Distribution Date, ATI shall transfer to the Water Pik HCRA Plan the account balances of Water Pik Individuals for such calendar year under the ATI HCRA Plan, regardless of whether the account balance is positive or negative.
All beneficiary designations made by Water Pik Individuals for ATI Plans shall be transferred to and be in full force and effect under the corresponding Water Pik Plans until such beneficiary designations are replaced or revoked by the Water Pik Individual who made the beneficiary designation.
Subject to the provisions of Section 6.4(a)(ii)(B), Water Pik shall be responsible for determining, with respect to all Awards that would otherwise be payable under any bonus Plan or arrangement to Water Pik Individuals for the 1999 performance year, (a) the extent to which established performance criteria (as interpreted by Water Pik, in its sole discretion, after taking into account the effects of the Distribution) have been met and (b) the payment level for each Water Pik Individual.
Either prior to or within a reasonable time after the Distribution Date, in accordance with the provisions of Section 6.4(a)(ii)(B), the applicable ATI Performance Award under the ATI Performance Share Program shall be determined by ATI with respect to each Water Pik Individual for the period from January 1, 1998 through the Distribution Date.
Water Pik shall cause each ATI Option that is outstanding as of the Close of the Distribution Date and is held by a Water Pik Individual to be converted, effective Immediately After the Distribution Date, to a Water Pik Option (a "Converted Option").
ATI and Water Pik shall use their Reasonable Efforts to take all actions necessary or appropriate so that each outstanding Award granted under any ATI Incentive Plan held by any Water Pik Individual shall be determined, converted or replaced, as the case may be, as set forth in this Section 6.4 with an Award under the Water Pik Incentive Plan.
After the Close of the Distribution Date, ATI shall pay to Water Pik any amounts ATI 14 18 recovers from time to time through subrogation or otherwise for claims incurred by or reimbursed to any Water Pik Individual.
Water Pik shall pay directly, or reimburse ATI promptly for, all Benefit Liabilities assumed by it pursuant to this Agreement, including all compensation payable to Water Pik Individuals for services rendered while in the employ of ATI or an ATI Entity before becoming a Water Pik Individual (to the extent not charged for pursuant to Section 7.1 or another Ancillary Agreement).
After the Close of the Distribution Date, ATI shall pay to Water Pik any amounts ATI recovers from time to time through subrogation or otherwise for claims incurred by or reimbursed to any Water Pik Individual.