Common use of No Impact on Benefits Clause in Contracts

No Impact on Benefits. The Restricted Stock Award granted hereunder is not compensation for purposes of calculating the Grantee’s rights under any employee benefit plan of the Company or any Affiliate that does not specifically require the inclusion of Awards in calculating benefits.

Appears in 6 contracts

Samples: Plan Stock Incentive Agreement (Origin Bancorp, Inc.), Stock Incentive Agreement (Bancplus Corp), Stock Incentive Plan (First Bancshares Inc /MS/)

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No Impact on Benefits. The Restricted Stock Award granted hereunder is Awards are not compensation for purposes of calculating the a Grantee’s rights under any employee benefit plan of the Company or any Affiliate that does not specifically require the inclusion of Restricted Stock Awards in calculating benefits.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (State Bancorp Inc), Restricted Stock Award Agreement (State Bancorp Inc), Compensation Plan Restricted Stock Award Agreement (State Bancorp Inc)

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