Common use of PSUs Not Part Of Compensation Clause in Contracts

PSUs Not Part Of Compensation. The PSUs are not part of normal or expected compensation, remuneration, salary, wages, allowances or emoluments of the Participants, for any purpose, including, without limitation, calculating severance, resignation, redundancy, end of service payments, gratuity, retrenchment compensation, bonuses, long-service awards, pension or retirement benefits, overtime, leave pay, social welfare contributions, or any other payment or benefit under any applicable Indian labor and employment laws.

Appears in 4 contracts

Samples: Performance Stock Unit Agreement (TechnipFMC PLC), Performance Stock Unit Agreement (TechnipFMC PLC), Performance Stock Unit Agreement (TechnipFMC PLC)

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