AA_Total_Rewards_Bonus_Plan

AA_Total_Rewards_Bonus_Plan - Alpine Access Total Rewards...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Alpine Access Total Rewards Incentive Plan The purpose of this document is to provide detail about the Alpine Access Total Rewards Incentive Plan. The objective of the plan is to provide incentive opportunities for the accomplishment and overachievement of Alpine’s business goals. The Alpine Access Total Rewards Incentive Plan (the “Plan”), effective as of April 11, 2010 (the “Effective Date”), of Alpine Access (“Alpine,” or the “Company”) is described below. The Plan and the benefits provided hereunder do not constitute a pension benefit plan subject to the Employee Retirement Income Security Act of 1974, as amended . Any payments under the Plan do not constitute regular wages. PLAN PROVISIONS General Provisions: Alpine retains the sole and exclusive right (i) to administer, construe, interpret, modify, and apply this Plan with respect to all facts and circumstances, and (ii) to make all determinations required, permitted or related to this Plan, in each case according to the sole and absolute discretion of Alpine. All decisions or determinations by Alpine shall be final, conclusive and binding on all employees (including Participants) of Alpine. Nothing in this Plan shall affect any employee’s at-will employment status with the Company, give a Participant the right to continue in employment with the Company, or affect the right of the Company to terminate the employment of Participant (or the status as a Participant under the Plan) for any reason or no reason, with or without cause, warning, or notice, at any time. The Plan does not constitute an employment contract, express or implied, with respect to the terms, condition, or duration of any employee’s employment with the Company. The Participant shall have no right to anticipate, alienate, sell, transfer, assign, pledge or encumber Participant’s right to receive any payment under the Plan. Any Pay for Performance incentive pay which becomes payable shall be paid from the general assets of the Company. The Participant shall have no lien on any assets of the Company by reason of any Total Rewards incentive pay. Any potential payment not paid under the Plan shall revert to the Company. The Company shall not be obligated to fund or secure any promise to pay any Participant. The rights of a Participant shall be solely that of an unsecured general creditor of the Company, and the right to receive from the Company those payments specified shall not give rise to any right or interest whatsoever in any asset of the Company. In the event that any provision or portion of this Plan shall be determined to be invalid or
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/02/2012 for the course CIS ss taught by Professor Ss during the Spring '11 term at UMass (Amherst).

Page1 / 6

AA_Total_Rewards_Bonus_Plan - Alpine Access Total Rewards...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online