Common use of Effect on Other Employee Benefit Plans Clause in Contracts

Effect on Other Employee Benefit Plans. The value of the PSUs subject to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any 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 Affiliate’s employee benefit plans.

Appears in 5 contracts

Samples: Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)

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Effect on Other Employee Benefit Plans. The value of the PSUs PSU Grant subject to this Agreement shall will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any Affiliateaffiliate, 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 Affiliateaffiliate’s employee benefit plans.

Appears in 2 contracts

Samples: Performance Stock Unit Grant Agreement (Power Integrations Inc), Performance Stock Unit Grant Agreement (Power Integrations Inc)

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Effect on Other Employee Benefit Plans. The value of the PSUs PSU Grant subject to this Agreement shall will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any employee benefit plan sponsored by the Company or any Affiliateaffiliate, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s 's or any Affiliate’s affiliate's employee benefit plans.

Appears in 1 contract

Samples: Performance Stock Unit Grant Agreement (Power Integrations Inc)

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