Calculation of Benefits. Neither the Option nor any Shares acquired upon exercise of the Option shall be deemed compensation or taken into account for purposes of determining benefits or contributions under any retirement or other qualified or nonqualified plans of the Company or any employment/severance or change in control agreement to which Employee is a party and shall not affect any benefits, or contributions to benefits, under any other benefit plan of any kind or any applicable law or regulation now or subsequently in effect under which the availability or amount of benefits or contributions is related to level of compensation. It is specifically agreed by the parties that any benefits that Employee may receive or derive from this Agreement will not be considered as salary for calculating any severance payment that may be payable to Employee in the event of a termination of his or her employment.
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Samples: Option Award Agreement (Orbitz Worldwide, Inc.), Option Award Agreement (Orbitz Worldwide, Inc.), Option Award Agreement (Orbitz Worldwide, Inc.)
Calculation of Benefits. Neither the Option nor any Shares acquired upon pursuant to exercise of the Option shall be deemed compensation or taken into account for purposes of determining benefits or contributions under any retirement or other qualified or nonqualified plans of the Company or any employment/severance or change in control agreement to which Employee Executive is a party and shall not affect any benefits, or contributions to benefits, under any other benefit plan of any kind or any applicable law or regulation now or subsequently in effect under which the availability or amount of benefits or contributions is related to level of compensation. It is specifically agreed by the parties that any benefits that Employee Executive may receive or derive from this Agreement will not be considered as salary for calculating any severance payment that may be payable to Employee Executive in the event of a termination of his or her employment.
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Samples: Option Award Agreement (Orbitz Worldwide, Inc.), Option Award Agreement (Orbitz Worldwide, Inc.)
Calculation of Benefits. Neither the Option nor any Shares acquired upon pursuant to exercise of the Option shall be deemed compensation or taken into account for purposes of determining benefits or contributions under any retirement or other qualified or nonqualified plans of the Company or any employment/severance or change in control agreement to which Employee is a party and shall not affect any benefits, or contributions to benefits, under any other benefit plan of any kind or any applicable law or regulation now or subsequently in effect under which the availability or amount of benefits or contributions is related to level of compensation. It is specifically agreed by the parties that any benefits that Employee may receive or derive derived from this Agreement agreement will not be considered as salary for calculating any severance payment that may be payable correspond to Employee in the event of a termination of his or her employmentlabor termination.
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