Common use of Impact on Benefits Clause in Contracts

Impact on Benefits. Because your RSU Award is or is related to an annual RSU award, the Fair Market Value of the Award on the date of the RSU grant (the number of RSUs multiplied by the closing price, as listed on the New York Stock Exchange, of the shares of Common Stock represented by the RSUs on the date of the grant) will be included as compensation for the year of the grant pursuant to the X.X. Xxxxx Company Supplemental Executive Retirement Plan (as amended and restated effective September 1, 2007) and the X.X. Xxxxx Company Employees Retirement and Savings Excess Plan (as amended and restated effective January 1, 2005), regardless of whether or not the RSUs subsequently vest. RSU Awards will not be included as compensation pursuant to any other plan of the Company except as expressly set forth in such plan(s).

Appears in 2 contracts

Samples: Award and Agreement (Heinz H J Co), Award and Agreement (Heinz H J Co)

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Impact on Benefits. Because your RSU Award is or is related to an annual RSU award, the Fair Market Value face value of the Award award on the date of the RSU grant (the number of RSUs multiplied by the closing price, as listed on the New York Stock Exchange, of the shares of Common Stock represented by the RSUs on the date of the grant) will be included as compensation for the year of the grant pursuant to the X.X. Xxxxx Company Supplemental Executive Retirement Plan (as amended and restated effective September 1, 2007) and ), the X.X. Xxxxx Company Employees Retirement and Savings Excess Plan (as amended and restated effective January 1, 2005), and/or any other plan of the Company, regardless of whether or not the RSUs subsequently vest. RSU Awards will not be included as compensation pursuant to any other plan of the Company except as expressly set forth in such plan(s).

Appears in 2 contracts

Samples: Restricted Stock Unit Award and Agreement (Heinz H J Co), Award and Agreement (Heinz H J Co)

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Impact on Benefits. Because your RSU Award is or is related to an annual RSU award, the Fair Market Value of the Award on the date of the RSU grant (the number of RSUs multiplied by the closing price, as listed on the New York Stock Exchange, of the shares of Common Stock represented by the RSUs on the date of the grant) will be included as compensation for the year of the grant pursuant to the X.X. X. X. Xxxxx Company Supplemental Executive Retirement Plan (as amended and restated effective September 1, 2007) and ), the X.X. X. X. Xxxxx Company Employees Retirement and Savings Excess Plan (as amended and restated effective January 1, 2005), and/or any other plan of the Company, regardless of whether or not the RSUs subsequently vest. RSU Awards will not be included as compensation pursuant to any other plan of the Company except as expressly set forth in such plan(s).

Appears in 1 contract

Samples: Award and Agreement (Heinz H J Co)

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