Base and Incentive Compensation. During the Renewal Term, the Corporation shall pay the Executive base compensation and establish incentive plan target levels that are competitive with similarly situated high-technology companies, provided that neither will be lower than any previously paid or established under this Agreement. For purposes of Section 11 of this Agreement, the provisions of this Section 24(b) shall be treated as terms of Sections 3 and 4 of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Fairchild Semiconductor International Inc), Employment Agreement (Fairchild Semiconductor International Inc)