Not Compensation Sample Clauses
POPULAR SAMPLE Copied 1 times
Not Compensation. Purchaser acknowledges that the opportunity to purchase the Shares shall not be included in or deemed to be a part of any (i) compensation, (ii) definition of pensionable or other earnings (however defined) for the purpose of calculating any benefits payable to or on behalf of Purchaser under any pension, retirement, termination or dismissal indemnity, severance benefit, retirement indemnity or other benefit arrangement of the Company or any Subsidiary or (iii) calculation of pay for any purpose.
Not Compensation. Amounts payable pursuant to this Agreement shall not constitute “compensation” for purposes of any pension, welfare or other benefit plan or policy of the Company unless expressly provided for therein.
Not Compensation. This Option is being granted to you as further consideration for your agreement to continue to serve as Chairman of the Board of the Company and is not intended to be deemed compensation to you. If this provision conflicts with the terms of any other agreement between the parties, then this provision will control.