Common use of No Effect on Future Employment Compensation Clause in Contracts

No Effect on Future Employment Compensation. The Company has made this award of RSUs to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of RSUs is not part of the Participant’s base salary or wages and will not be taken into account in determining any other employment-related rights the Participant may have, such as rights to pension or severance pay.

Appears in 11 contracts

Samples: Award Agreement (B/E Aerospace Inc), Award Agreement (B/E Aerospace Inc), Award Agreement (B/E Aerospace Inc)

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No Effect on Future Employment Compensation. The Company has made this award of RSUs to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, year and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of RSUs is not part of the Participant’s base salary or wages and will not be taken into account in determining any other employment-related rights the Participant may have, such as rights to pension or severance pay.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Be Aerospace Inc), Award Agreement (Be Aerospace Inc), Restricted Stock Unit Award Agreement (Be Aerospace Inc)

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No Effect on Future Employment Compensation. The Company has made this award of RSUs to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of RSUs is and the Cash Award are not part of the Participant’s base salary or wages and will not be taken into account in determining any other employment-related rights the Participant may have, such as rights to pension or severance pay.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Rockwell Collins Inc)

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