Common use of Effect on Computation of Benefits Clause in Contracts

Effect on Computation of Benefits. Any reimbursement of expenses payable under this Agreement shall not be deemed salary or other compensation to Employee for purposes of computing benefits to which Employee may be entitled under any 401(k) plan, bonus, deferred compensation plan, or other arrangement of Employer for the benefit of its employees.

Appears in 8 contracts

Samples: Employment Agreement (Salix Pharmaceuticals LTD), Employment Agreement (Salix Pharmaceuticals LTD), Employment Agreement (Salix Pharmaceuticals LTD)

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Effect on Computation of Benefits. Any reimbursement of expenses payable under this Agreement shall not be deemed salary or other compensation to Employee for purposes of computing benefits to which Employee may be entitled under any 401(k) plan, bonus, deferred compensation plan, or other arrangement of Employer for the benefit of its employees.. APPENDIX "B" SCHEDULE OF SEVERANCE BENEFITS

Appears in 4 contracts

Samples: Employment Agreement (Theratech Inc /De/), Employment Agreement (Salix Pharmaceuticals LTD), Employment Agreement (Theratech Inc /De/)

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Effect on Computation of Benefits. Any reimbursement of expenses --------------------------------- payable under this Agreement shall not be deemed salary or other compensation to Employee for purposes of computing benefits to which Employee may be entitled under any 401(k) plan, bonus, deferred compensation plan, or other arrangement of Employer for the benefit of its employees.. APPENDIX "B" SCHEDULE OF SEVERANCE BENEFITS

Appears in 1 contract

Samples: Employment Agreement (Salix Pharmaceuticals LTD)

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