Target AICP

Target AICP. Means the targeted value of the Eligible Employee's annual incentive compensation plan bonus for the year in which his Qualified Termination occurs or the fiscal year immediately preceding the Change of Control, whichever is a greater amount 3. Eligibility for Severance Benefits. (a) Prior to a Change of Control, the Committee, in its discretion, may at any time or times add an employee to Attachment A, delete an employee from Attachment A, create different classes... of Eligible Employees and change an Eligible Employee from one class to another class on Attachment A. (b) No employee shall have any vested rights under this Plan prior to a Change of Control and unless the employee is an Eligible Employee who incurs a Qualified Termination, no benefits shall be payable to such employee under this Plan. View More