Common use of Other Benefit and Compensation Programs Clause in Contracts

Other Benefit and Compensation Programs. Neither the RSUs nor the Common Shares into which the RSUs are settled shall not be deemed a part of the Employee’s regular, recurring compensation for purposes of the termination, indemnity, or severance pay law of any country and shall not be included in, nor have any effect on, the determination of benefits under any other employee benefit plan, contract, or similar arrangement provided by the Company or any Affiliate unless expressly so provided by such other plan, contract, or arrangement, or unless the Committee determines that the RSUs, or a portion thereof, should be included to accurately recognize that the RSU grant has been made in lieu of a portion of competitive cash compensation, if such is the case.

Appears in 3 contracts

Samples: Award Plan Restricted Stock Unit Agreement (Computer Network Technology Corp), Award Plan Restricted Stock Unit Agreement (Computer Network Technology Corp), Plan Restricted Stock Unit Agreement (Computer Network Technology Corp)

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Other Benefit and Compensation Programs. Neither the RSUs nor the Common Shares shares of Stock into which the RSUs are settled shall not be deemed a part of the Employee’s Participant's regular, recurring compensation for purposes of the termination, indemnity, or severance pay law of any country and shall not be included in, nor have any effect on, the determination of benefits under any other employee Participant benefit plan, contract, or similar arrangement provided by the Company or any Affiliate unless expressly so provided by such other plan, contract, or arrangement, or unless the Committee determines that the RSUs, or a portion thereof, should be included to accurately recognize that the RSU grant has been made in lieu of a portion of competitive cash compensation, if such is the case.

Appears in 1 contract

Samples: MGP Ingredients Inc

Other Benefit and Compensation Programs. Neither the RSUs nor the Common Shares shares of Stock into which the RSUs are settled shall not be deemed a part of the Employee’s Participant's regular, recurring compensation for purposes of the termination, indemnity, or severance pay law of any country and shall not be included in, nor have any effect on, the determination of benefits under any other employee Participant benefit plan, contract, or similar arrangement provided by the Company or any Affiliate unless expressly so provided by such other plan, contract, or arrangement, or unless the Committee determines that the RSUs, or a portion thereof, should be included to accurately recognize that the RSU grant has been made in lieu of a portion of competitive cash compensation, if such is the case.

Appears in 1 contract

Samples: MGP Ingredients Inc

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Other Benefit and Compensation Programs. Neither the RSUs nor the Common Shares into which the RSUs are settled shall not be deemed a part of the EmployeeGrantee’s regular, recurring compensation for purposes of the termination, indemnity, or severance pay law of any country country, and shall not be included in, nor have any effect on, the determination of benefits under any other employee Grantee benefit plan, contract, or similar arrangement provided by the Company or any Affiliate unless expressly so provided by such other plan, contract, or arrangement, or unless the Committee determines that the RSUs, or a portion thereof, should be included to accurately recognize that the RSU grant has been made in lieu of a portion of competitive cash compensation, if such is the case.

Appears in 1 contract

Samples: Metris Companies (Metris Companies Inc)

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