Common use of Other Incentive Programs Clause in Contracts

Other Incentive Programs. During the Transition Period, Hospira shall provide U.S. Transferred Employees with Hospira cash incentive programs (other than the Abbott Cash Profit Sharing Plan, the treatment of which is addressed in Section 7.5 above) on terms and conditions which are substantially similar in all material respects to the terms and conditions of the cash incentive programs provided to those U.S. Transferred Employees 30 <Page> on the Distribution Date; provided, however that, after the Distribution Date, Hospira may change the performance metrics and criteria to reflect its incentive strategies. All payments to U.S. Transferred Employees under the cash incentive programs described in this Section 7.6 shall be made at such times as prescribed by those programs. Hospira shall make in its sole discretion all determinations of payments under the cash incentive programs described in this Section 7.6 with respect to U.S. Transferred Employees and shall be solely responsible for all payments to or with respect to U.S. Transferred Employees hereunder. Hospira shall have no obligation to continue any cash incentive program following the Transition Period.

Appears in 1 contract

Sources: Employee Benefits Agreement

Other Incentive Programs. During the Transition Period, Hospira shall provide U.S. Transferred Employees with Hospira cash incentive programs (other than the Abbott Cash Profit Sharing Plan, the treatment of which is addressed in Section 7.5 above) on terms and conditions which are substantially similar in all material respects to the terms and conditions of the cash incentive programs provided to those U.S. Transferred Employees 30 <Page> on the Distribution Date; provided, however that, after the Distribution Date, Hospira may change the performance metrics and criteria to reflect its incentive strategies. All payments to U.S. Transferred Employees under the cash incentive programs described in this Section 7.6 shall be made at such times as prescribed by those programs. Hospira shall make in its sole discretion all determinations of payments under the cash incentive programs described in this Section 7.6 with respect to U.S. Transferred Employees and shall be solely responsible for all payments to or with respect to U.S. Transferred Employees hereunder. Hospira shall have no obligation to continue any cash incentive program following the Transition Period.

Appears in 1 contract

Sources: Employee Benefits Agreement (Hospira Inc)

Other Incentive Programs. During the Transition Period, Hospira shall provide U.S. Transferred Employees with Hospira cash incentive programs (other than the Abbott Cash Profit Sharing Plan, the treatment of which is addressed in Section 7.5 above) on terms and conditions which are substantially similar in all material respects to the terms and conditions of the cash incentive programs provided to those U.S. Transferred Employees 30 <Page> on the Distribution Date; provided, however that, after the Distribution Date, Hospira may change the performance metrics and criteria to reflect its incentive strategies. All payments to U.S. Transferred Employees under the cash incentive programs described in this Section 7.6 shall be made at such times as prescribed by those programs. Hospira shall make in its sole discretion all determinations of payments under the cash incentive programs described in this Section 7.6 with respect to U.S. Transferred Employees and shall be solely responsible for all payments to or with respect to U.S. Transferred Employees hereunder. Hospira shall have no obligation to continue any cash incentive program following the Transition Period.

Appears in 1 contract

Sources: Employee Benefits Agreement (Hospira Inc)