Common use of No Benefit Accruals Clause in Contracts

No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXX, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with XXXXX. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.

Appears in 6 contracts

Samples: Based Restricted Stock Unit Agreement for Employees (Peakstone Realty Trust), Restricted Stock Unit Agreement (Peakstone Realty Trust), Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.)

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No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXX, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with XXXXX. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.. (d)

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.), Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.), Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.)

No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock shares or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXXGRECO, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with XXXXXGRECO. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.

Appears in 2 contracts

Samples: Based Restricted Share Unit Agreement for Employees (Peakstone Realty Trust), Restricted Share Unit Agreement (Peakstone Realty Trust)

No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXXGRECO, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with XXXXXGRECO. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Peakstone Realty Trust), Based Restricted Stock Unit Agreement for Employees (Peakstone Realty Trust)

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No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock shares or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXX, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with XXXXX. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.

Appears in 2 contracts

Samples: Based Restricted Share Unit Agreement for Employees (Peakstone Realty Trust), Restricted Share Unit Agreement (Peakstone Realty Trust)

No Benefit Accruals. This Award is designated as a bonus that is in addition to the regular cash wages of the Participant. No amount of stock or income received by the Participant pursuant to this Award will be considered compensation for purposes of any severance or any pension, retirement, insurance or other employee benefit plan or program of XXXXX, the Company or any of their Subsidiaries in calculating any employment-related benefits to which the Participant may be entitled from the Participant’s employment or service with the Company or XXXXX. Participation in the Plan is discretionary and voluntary, and the Plan can be terminated at any time. This Award does not create a right or entitlement to future awards, whether pursuant to the Plan or otherwise.. (d)

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Griffin Capital Essential Asset REIT, Inc.)

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