Common use of Effect on Other Benefits Clause in Contracts

Effect on Other Benefits. The value of Common Shares and dividend equivalents distributed with respect to the Restricted Units shall not be considered eligible earnings for purposes of any other plans maintained by the Company. Neither shall such value be considered part of the Participant’s compensation for purposes of determining or calculating other benefits that are based on compensation, such as life insurance.

Appears in 7 contracts

Samples: Rait Financial Trust (RAIT Financial Trust), Unit Award Agreement (Rait Investment Trust), Unit Award Agreement (RAIT Financial Trust)

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Effect on Other Benefits. The value of Common Shares and dividend equivalents distributed with respect to the Restricted Units shall not be considered eligible earnings for purposes of any other plans maintained by the Company. Neither shall such value be considered part of the Participant’s compensation for purposes of determining or calculating other benefits that are based on compensation, such as life insurance.

Appears in 3 contracts

Samples: Unit Award Agreement (Rait Investment Trust), Unit Award Agreement (Rait Investment Trust), Unit Award Agreement (Rait Investment Trust)

Effect on Other Benefits. The value of Restricted Units or any shares of Common Shares and dividend equivalents Stock distributed to you with respect to the Restricted Units shall not be considered eligible earnings for purposes of any other plans maintained by the Company. Neither shall such value be considered part of the Participant’s your compensation for purposes of determining or calculating other benefits that are based on compensation, such as life insurance.

Appears in 2 contracts

Samples: Stock Unit Award Agreement (Actua Corp), Stock Unit Award Agreement (Icg Group, Inc.)

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Effect on Other Benefits. The value of Common Shares and dividend equivalents distributed with respect to the Restricted Units shall not be considered eligible earnings for purposes of any other plans maintained by the Company. Neither shall such value be considered part of the Participant’s compensation for purposes of determining or calculating other benefits that are based on compensation, such as life insurance.

Appears in 1 contract

Samples: Unit Award Agreement (RAIT Financial Trust)

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