No Effect on Employee Benefits Sample Clauses
The "No Effect on Employee Benefits" clause establishes that the terms of the agreement do not alter, reduce, or enhance any existing employee benefits to which the individual is entitled. In practice, this means that participation in the agreement—such as signing a severance, settlement, or other employment-related contract—will not impact the employee’s eligibility for health insurance, retirement plans, or other standard benefits. This clause serves to reassure employees that their benefits remain protected and unchanged, thereby preventing misunderstandings or disputes regarding benefit entitlements as a result of entering into the agreement.
No Effect on Employee Benefits. This Settlement, and any payments made under the Settlement to Settlement Class Members, shall have no effect on the eligibility for and/or calculation of employee benefits of any Settlement Class Members.
No Effect on Employee Benefits. The amounts paid under this Agreement do not represent a modification of any previously credited hours of service under any employee benefit plan, policy or bonus program sponsored by Defendant. Such amounts will not form the basis for additional contributions to, benefits under, or any other monetary entitlement under, benefit plans (self-insured or not) sponsored by Defendant’s policies or bonus programs. Any payments made under the terms of this Settlement shall not be applied retroactively, currently or on a going forward basis as salary, earnings, wages, or any other form of compensation for the purposes of Defendant’s benefit plans, policies or bonus programs. Defendant retains the right to modify the language of its benefit plans, policies and bonus programs to effect this intent and to make clear that any amounts paid pursuant to this Settlement are not for “hours worked,” “hours paid,” “hours of service,” or any similar measuring term as defined by applicable plans, policies and bonus programs for purpose of eligibility, vesting, benefit accrual or any other purpose, and that additional contributions or benefits are not required by this Settlement.
No Effect on Employee Benefits. The Class Representative General Release Payment, Individual Settlement Shares, and/or Individual PAGA Payment Shares paid to Plaintiff and Participating Class Members shall not be deemed to be pensionable earnings and shall not have any effect on the eligibility for, or calculation of, any of the employee benefits (e.g., vacation, holiday pay, retirement plans, etc.) of Plaintiff or the Participating Class Members. The Parties agree that any Class Representative General Release Payment and/or Individual Settlement Share paid to Plaintiff or the Participating Class Members under the terms of this Agreement do not represent any modification of Plaintiff’s or Participating Class Members’ previously credited hours of service or other eligibility criteria under any employee pension benefit plan or employee welfare benefit plan sponsored by Defendants. Further, any Class Representative General Release Payment shall not be considered “compensation” in any year for purposes of determining eligibility for, or benefit accrual within, an employee pension benefit plan or employee welfare benefit plan sponsored by Defendants.
No Effect on Employee Benefits. Termination by the Corporation under Section 1(a)(1) (termination within two years after a Change in Control) or termination by the Officer under Section 1(a)(2) (termination for Good Reason) will not affect any rights the Officer may have under any benefit, compensation, or incentive agreement, policy, plan, program, or arrangement of the Corporation or the Bank, which rights shall be governed by the terms thereof.
No Effect on Employee Benefits. The Class Representative Enhancement Payments, Individual Settlement Shares and/or Individual PAGA Payments paid to Plaintiff, Participating Class Members and/or the Eligible Aggrieved Employees shall not be deemed to be pensionable earnings and shall not have any effect on the eligibility for, or calculation of, any of the employee benefits (e.g., vacation, holiday pay, retirement plans, etc.) of Plaintiff, Participating Class Members or Eligible Aggrieved Employees. The Parties agree that any Class Representative Enhancements, Individual Settlement Shares and/or Individual PAGA Payments paid to Plaintiff, Participating Class Members and/or the Eligible Aggrieved Employees under the terms of this Agreement do not represent any modification of Plaintiff’s, Participating Class Members’ or Eligible Aggrieved Employees’ previously credited hours of service or other eligibility criteria under any employee pension benefit plan or employee welfare benefit plan sponsored by Defendant.
No Effect on Employee Benefits. The Class Representative Enhancement Payment and Individual Settlement Shares paid to Plaintiff or Participating Class Members shall not be deemed to be pensionable earnings and shall
No Effect on Employee Benefits. Termination by the Corporation under Section 1(a)(1) or Section 1(b)(1) (termination within three years after a Change in Control or termination on or before March 7, 2005) or termination by the Executive under Section 1(a)(2) or Section 1(b)(2) (termination for Good Reason) will not affect any rights the Executive may have under any benefit, compensation, or incentive agreement, policy, plan, program, or arrangement of the Corporation or the Bank, which rights shall be governed by the terms thereof.
No Effect on Employee Benefits. Amounts paid to Plaintiffs or other Settlement Class Members pursuant to this Agreement shall be deemed not to be pensionable earnings and shall not have any effect on the eligibility for, or calculation of, any of the employee benefits (e.g., vacations, holiday pay, retirement plans, etc.) of Plaintiffs or Settlement Class Members.
No Effect on Employee Benefits. The Individual Settlement Payments and the Service Payments shall not have any effect on the eligibility for, or calculation of, any employee benefits (e.g. vacation, retirement plans, etc.) of Claimants or Plaintiffs. No benefit, including but not limited to 401K benefits, shall increase or accrue as a result of any payment made as a result of this Settlement.
No Effect on Employee Benefits. The amounts paid under this Agreement do not represent a modification of any previously credited hours of service under any employee benefit plan, policy or bonus program sponsored by Defendant. Such amounts will not form the basis for additional contributions to, benefits under, or any other monetary entitlement under, benefit plans (self-insured or not) sponsored by Defendant’s policies or bonus programs. Any payments made under the terms of this Settlement shall not be applied retroactively, currently or on a going forward basis as