Example ContractsClausesbudgetsVariants
Budgets
Budgets contract clause examples

Participants who resign for any reason after the close of the PRP year but prior to the distribution of Incentive Awards for such year will not receive an Incentive Award. For any such participant, the portion of such person’s potential Incentive Award that might have been reflected in the Funding Pool will remain in the Funding Pool and be allocated to other plan participants in the manner determined by management if the planning budgets have already been established.

Participants who resign for any reason after the close of the plan year but prior to the distribution of awards for such year will not receive an incentive award. For any such participant, the portion of such person’s potential award that might have been reflected in the Formula Pool will remain in the Formula Pool and be allocated to other plan participants in the manner determined by management if the planning budgets have already been established.

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