Common use of Awards Not Includable for Benefit Purposes Clause in Contracts

Awards Not Includable for Benefit Purposes. Payments received by a Participant pursuant to the provisions of the Plan shall not be included in the determination of benefits under any pension, group insurance or other benefit plan applicable to the Participant which is maintained by the Company or any of its Subsidiaries, except as may be provided under the terms of such plans or determined by the Board.

Appears in 4 contracts

Samples: Executive Employment Agreement (Annie's, Inc.), Share Exchange Agreement (Logicom Inc.), Agreement and Plan of Reorganization (Global Boulevard International Inc)

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Awards Not Includable for Benefit Purposes. Payments Any payments received by a the Participant pursuant to the provisions of the Plan this Award shall not be included in the determination of benefits under any pension, group insurance or other benefit plan applicable to the Participant which is are maintained by the Company or any of its Subsidiaries, except as may be provided under the terms of such plans or determined by the Boardplans.

Appears in 1 contract

Samples: Medusa Corp

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