Compensation Plans and Programs. Executive will not be entitled to any short term incentive, annual bonus or long term incentive plans other than Class B and Class C Incentive Equity Units, which, as of September 29, 2003 are already 100% vested with Executive. However, during the Term, Executive shall be paid an annual amount equal to $23,333.35 that shall be withheld and directly paid as interest on a certain note owed by Executive to a subsidiary of Holdings.
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Compensation Plans and Programs. Executive will not be entitled to any short term incentive, annual bonus or long term incentive plans other than Class B and Class C Incentive Equity Units, which, as of September 29, 2003 are already 100% vested with Executiveplans. However, during the Term, Executive shall be paid an annual amount equal to $23,333.35 that which shall be withheld and directly paid as interest on a certain note owed by Executive to a subsidiary of Holdings.
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