PSUs not Part of Salary. Participant acknowledges and agrees that the PSUs are an extralegal benefit that the Company may provide, so long as the Employee is eligible to such extralegal benefit, and do not constitute salary. The PSUs, if vested, are not and will not be a part of the Participant’s salary and consequently will not be taken into account when calculating vacation entitlements, fringe benefits, indemnities, social security contributions, payroll taxes or any other labor obligations. The Participant reiterates his agreement on the non-salary nature of the PSUs based on the prerogative granted by Article 15 Law 50, 1990.
Appears in 4 contracts
Samples: Performance Stock Unit Agreement (TechnipFMC PLC), Performance Stock Unit Agreement (TechnipFMC PLC), Performance Stock Unit Agreement (TechnipFMC PLC)
