Incentive Plan Payments

Incentive Plan Payments. Means the higher of the sum of the compensation received, the compensation deferred and the payments made to the Executive by the Employer pursuant to or under any and all incentive, bonus, deferred compensation, stock option and other executive compensation plans and arrangements (i) for the Employer's fiscal year immediately prior to the fiscal year in which the Change in Control occurs which gives rise to an obligation on the part of the Employer to make any payments under this Agreement... or (ii) for the fiscal year immediately prior to the fiscal year in which the Executive's employment terminates under the circumstances described in Section 1 above. View More