Effect on Compensation. The grant of Restricted Stock Units under this Agreement shall not be deemed to be a part of the Employee’s salary or compensation for purposes of determining the Employee’s payments or benefits under any benefit plan, severance program or severance pay law of the Corporation, any Subsidiary or any country. Neither the Plan nor the grant of Restricted Stock Units under the Agreement shall afford the Employee any additional right to severance payments or other termination awards or compensation under any foreign law as a result of the termination of the Employee’s employment for any reason whatsoever.
Appears in 5 contracts
Samples: Restricted Stock Unit Agreement (Sealed Air Corp/De), Restricted Stock Unit Agreement (Sealed Air Corp/De), Restricted Stock Unit Agreement (Sealed Air Corp/De)
Effect on Compensation. The grant of Restricted Stock Units under this Agreement shall not be deemed to be a part of the Employee’s salary or compensation for purposes of determining the Employee’s payments or benefits under any benefit plan, severance program or severance pay law of the Corporation, any Subsidiary or any country. Neither the Plan nor the grant of Restricted Stock Units under the this Agreement shall afford the Employee any additional right to severance payments or other termination awards or compensation under any foreign law as a result of the termination of the Employee’s employment for any reason whatsoever.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Sealed Air Corp/De), Restricted Stock Agreement (Sealed Air Corp/De), Restricted Stock Agreement (Sealed Air Corp/De)
