Pro-Rated Incentive Award

Pro-Rated Incentive Award. For purposes of Section 8.3(a) and (b) means an amount equal to the Incentive Award otherwise payable to a Participant for the Plan Year in which the Participant's initiation of employment with the Company (new hires) or termination of employment with the Company (other than for Cause) is effective, multiplied by a fraction, the numerator of which is the number of full and partial months in the applicable Plan Year beginning on the date such Participant's employment with the Company began or... through the date of termination of such Participant's employment, as applicable, and the denominator of which is twelve (12). For purposes of Section 8.3(c) means an Incentive Award equal to the sum of (i) the amount equal to the Incentive Award payable to the Participant for the Plan year based on the Participant's previous position, multiplied by a fraction, the numerator of which is the number of full and partial months of the applicable Plan year in which the Participant was in the previous position and the denominator of which is twelve (12), and (ii) the amount equal to the Incentive Award payable to the Participant for the Plan year based on the Participant's new position, multiplied by a fraction, the numerator of which is the number of full and partial months Annual Incentive Plan of the applicable Plan year in which the Participant has been in the new position and the denominator of which is twelve (12). View More

Pro-Rated Incentive Award. Shall have the meanings set forth in Sections 8.3(a), (b) and (c), as the case may be.