Common use of Effect on Other Benefit Plans Clause in Contracts

Effect on Other Benefit Plans. The value of the Award subject to this Agreement will not be included as compensation, earnings, salaries or other similar terms used when calculating the benefits under any benefit plan sponsored by the Company or any subsidiary or affiliate thereof, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any of its subsidiaries’ or affiliates’ benefit plans.

Appears in 3 contracts

Samples: Phantom Performance Share Unit Award Agreement (EnergySolutions, Inc.), Phantom Performance Share Unit Award Agreement (EnergySolutions, Inc.), Phantom Performance Share Unit Award Agreement (EnergySolutions, Inc.)

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Effect on Other Benefit Plans. The value of the Award subject to this Agreement will not be included as compensation, earnings, salaries salaries, or other similar terms used when calculating the benefits under any benefit plan sponsored by the Company or any subsidiary or affiliate thereof, Affiliate except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any of its subsidiaries’ or affiliates’ Affiliate’s benefit plans.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Valeant Pharmaceuticals International)

Effect on Other Benefit Plans. The value of the Award subject to this Option Agreement will shall not be included as compensation, earnings, salaries salaries, or other similar terms used when calculating the Participant’s benefits under any benefit plan sponsored by the Company or any subsidiary or affiliate thereofAffiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any of its subsidiaries’ or affiliates’ Affiliate’s benefit plans.

Appears in 1 contract

Samples: Stock Option Agreement (Dole PLC)

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Effect on Other Benefit Plans. The value of the Award Restricted Stock Units subject to this Award Agreement will shall not be included as compensation, earnings, salaries salaries, or other similar terms used when calculating the your benefits under any benefit plan sponsored by the Company or any subsidiary or affiliate thereofAffiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any of its subsidiaries’ or affiliates’ Affiliate’s benefit plans.

Appears in 1 contract

Samples: Director Restricted Stock Units Agreement (Halozyme Therapeutics, Inc.)

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