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

Effect on Other Employee Benefit Plans. The value of the Performance Share Units granted pursuant to this Agreement and the value of Shares issued and delivered hereunder will not be included as compensation, earnings, salary or other similar terms used when calculating Participant’s benefits under any employee benefit plan sponsored by the Company (or any Subsidiary), except as such plan may otherwise expressly provide.

Appears in 4 contracts

Samples: Long Term Performance Share Unit Award Agreement (W. P. Carey Inc.), Long Term Performance Share Unit Award Agreement (W. P. Carey Inc.), Long Term Performance Share Unit Award Agreement (W. P. Carey Inc.)

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Effect on Other Employee Benefit Plans. The value of the Performance Share Units granted pursuant to this Agreement and the value of Common Shares issued and delivered hereunder will not be included as compensation, earnings, salary or other similar terms used when calculating Participant’s 's benefits under any employee benefit plan sponsored by the Company (or any Subsidiary), except as such plan may otherwise expressly provide.

Appears in 1 contract

Samples: Long Term Performance Share Unit Award Agreement (Carey W P & Co LLC)

Effect on Other Employee Benefit Plans. The value of the Performance Share Stock Units granted pursuant subject to this Agreement and the value of Shares issued and delivered hereunder will not be included as compensation, earnings, salary salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company (or any Subsidiary)Affiliate, except as such plan may otherwise expressly provideprovides. 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 1 contract

Samples: Performance Stock Units Agreement (Monolithic Power Systems Inc)

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Effect on Other Employee Benefit Plans. The value of the Performance Share Units Shares granted pursuant to this Agreement and the value of Shares issued and delivered hereunder will shall not be included as compensation, earnings, salary salaries, or other similar terms used when calculating the Participant’s 's benefits under any employee benefit plan sponsored by the Company (Corporation or any Subsidiary), Subsidiary except as such plan may otherwise expressly provideprovides. The Corporation expressly reserves its rights to amend, modify, or terminate any of the Corporation's or any Subsidiary's employee benefit plans.

Appears in 1 contract

Samples: Performance Shares Award Agreement (First Charter Corp /Nc/)

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