Common use of No Vested Benefit Clause in Contracts

No Vested Benefit. The parties acknowledge that the sums payable to Employee hereunder increase pursuant to the formula set forth in Section 1.2 based upon the length of Employee’s employment with Hexcel - i.e., Employee receives credit in such formulas over the period of his employment. Hexcel may, at any time upon thirty (30) days’ prior written notice to Employee, terminate Employee’s right to receive such credit for future employment with Hexcel, which shall not, however, affect such credit accrued up to the effective date of such termination. Notwithstanding such employment credit, the amounts computed in accordance with such formulas are payable to Employee only on the terms and subject to the conditions contained in this Agreement, including, without limitation, the conditions specified in Sections 4.2 and 4.3.

No Vested Benefit. The parties acknowledge that the sums payable to Employee hereunder increase pursuant to the formula set forth in Section 1.2 Exhibit “A” based upon the length of Employee’s employment with Hexcel - — i.e., Employee receives credit in such formulas over the period of his employment. Hexcel may, may at any time upon thirty (30) days’ prior written notice to Employee, terminate Employee’s right to receive such credit for future employment with Hexcel, which shall not, however, affect such credit accrued up to the effective date of such termination. Notwithstanding such employment credit, the amounts computed in accordance with such formulas are only payable to Employee only on the terms and subject to the conditions contained in this Agreement, including, without limitation, the conditions specified in Sections 4.2 and 4.3.

No Vested Benefit. The parties acknowledge that the sums payable to Employee hereunder increase pursuant to the formula set forth in Section 1.2 1.3 based upon the length of Employee’s employment with Hexcel - — i.e., Employee receives credit in such formulas over the period of his employment. Hexcel may, may at any time upon thirty (30) days’ prior written notice to Employee, terminate Employee’s right to receive such credit for future employment with Hexcel, which shall not, however, affect such credit accrued up to the effective date of such termination. Notwithstanding such employment credit, the amounts computed in accordance with such formulas are only payable to Employee only on the terms and subject to the conditions contained in this Agreement, including, without limitation, the conditions specified in Sections 4.2 and 4.3.