Common use of Other Benefit and Compensation Programs Clause in Contracts

Other Benefit and Compensation Programs. Payments and other benefits received by the Optionee pursuant to this Agreement will not be deemed a part of the Optionee's regular, recurring compensation for purposes of the termination, indemnity or severance pay laws of any country and will 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 an affiliate of the Company unless expressly so provided by such other plan, contract or arrangement.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Valuevision Media Inc), Non Qualified Stock Option Agreement (Valuevision Media Inc), Stock Option Agreement (Valuevision Media Inc)

AutoNDA by SimpleDocs

Other Benefit and Compensation Programs. Payments and other benefits received by the Optionee pursuant to this Agreement will not be deemed a part of the Optionee's ’s regular, recurring compensation for purposes of the termination, indemnity or severance pay laws of any country and will 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 an affiliate of the Company unless expressly so provided by such other plan, contract or arrangement.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Valuevision Media Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!