Employees eligible to participate in the Yahoo! Inc. Executive Incentive Plan (the EIP or this Plan) are those employees of Yahoo! Inc. and its subsidiaries (collectively, the Company) at job levels E3, E4, E5 and EX. The Compensation Committee of Yahoo!s Board of Directors (the Compensation Committee) has the sole discretion to determine whether the EIP will be offered to any executive for whom the Compensation Committee sets the executives compensation level (an Executive Officer). Yahoo!s Chief Executive Officer (CEO) or his or her designee will determine whether any other eligible person (other than an Executive Officer) is a participant. Participants will be notified in writing of their participation in this Plan and will be provided with a copy of the EIP, which they must sign and accept in order to participate (any person so notified who timely accepts participation is referred to as a Participant).
The Compensation Committee reserves the right to amend, modify or terminate the EIP, in whole or in part, at any time, in its sole discretion including, without limitation, to comply with applicable local law, rules and regulations.
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