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Effect of Plan Upon Other Compensation Plans
Effect of Plan Upon Other Compensation Plans contract clause examples
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The Plan is comprised of these Plan Rules, Addendums, and the applicable Details Sheet, collectively. These documents collectively supersede all previous sales compensation plans, commission plans, bonus plans, and any other plan or agreement, whether written or oral, that provides for any form of incentive compensation or any compensation in addition to your base salary or equity in SVMK Inc.

Incentive Compensation Plan. Employee will be entitled to participate in the Company’s Annual Corporate Management/Key Employee Bonus Plan, to the extent applicable to Employee’s position.

Equity Compensation Plan. The Board Member shall be eligible to participate in the Company’s equity compensation plan, if any; only to the extent such eligibility is set forth in Exhibit A. To the extent applicable, any options to acquire shares of the Company granted to the Board Member shall be granted under, and be subject to, the terms and conditions of the equity compensation plan and be evidenced by the terms of an equity compensation agreement entered into between the Company and Board Member.

Compensation and Benefit Plans. For a period of one year following the Closing (or, if shorter, the period of employment of the relevant Continuing Employee), Buyer shall (or shall cause an Affiliate of Buyer, including following the Closing, the Company, to) provide to the employees of the Company and its Subsidiaries who are employed by the Company or any of its Subsidiaries immediately prior to the Closing (the “Continuing Employees”), a total compensation structure, including the aggregate of base compensation and employee benefits (other than severance benefits, nonqualified deferred compensation benefits, equity or equity-based benefits or compensation and post-termination or retiree health or welfare benefits) that are reasonably comparable in the aggregate to such compensation and benefits as provided to the Continuing Employees immediately prior to the Closing; provided, that the foregoing shall not limit or restrict Buyer or its Affiliates (including the Company following the Closing) from modifying, amending or terminating any benefit or compensation plan, program, policy, agreement or arrangement at any time; and provided further, that nothing in this Agreement shall be deemed to # be a guarantee of employment for any such employee for any period following the Closing, or # restrict the right of Buyer or the Company to terminate the employment of any Continuing Employee for any reason.

The adoption of the Plan shall not affect any other Company or Subsidiary compensation or incentive plans in effect. Nothing in the Plan will limit or be deemed to limit the authority of the Board or a Board committee:

Employee Benefit Plans and Other Compensation Arrangements. Set forth on [Schedule 3.7(a)] is a true and complete list of all Seller Plans. True and complete copies of the following documents with respect to each Seller Plan have been made available to Buyer, as applicable: # plans and related trust documents, insurance contracts or other funding arrangements and all amendments thereto, # the Forms 5500 and all schedules thereto for the most recent three (3) years, # the most recent valuation report, including any FAS 106 report; # the most recent IRS determination or opinion letter, # the most recent summary plan description and subsequent summaries of material modifications, # the most recent financial statements, and # written summaries of all material terms of unwritten Seller Plans. Except as set forth on [Schedule 3.7(b)]:

The Plan will be in effect from January 1 through December 31, 2021 (the “Plan Year”). The Plan supersedes all prior compensation plans and/or variable pay arrangements applicable to Participants.

4.12Employee Benefits. During the Employment Term, in addition to the other compensation and benefits described herein, the Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company, as in effect from time to time, including the Company’s Non-Qualified Deferred Compensation Plan (collectively, “Employee Benefit Plans”). The Company reserves the right to amend or terminate any Employee Benefit Plans at any time in its sole discretion, subject to the terms of such Employee Benefit Plan and applicable law.

Other Compensation Arrangements; No Employment Rights. Nothing contained in the Plan shall prevent the Board from adopting other or additional compensation plans or arrangements, including trusts, and such arrangements may be either generally applicable or applicable only in specific cases. The adoption of the Plan and the grant of Awards do not confer upon any employee any right to continued employment with the Company or any Subsidiary.

Your benefits under the Cabot Corporation Deferred Compensation Plan and the Supplemental 401(k) Plan (together, the “Deferred Compensation Plans”) shall be paid in accordance with the terms of the Deferred Compensation Plans; provided that in no event shall any benefits under the Deferred Compensation Plans be paid earlier than six months following the Separation Date.

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