Termination Indemnities. The value of this Award is an extraordinary item of compensation outside the scope of the Employee’s employment contract, if any. As such, Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments.
Appears in 24 contracts
Samples: 2023 Stock Incentive Plan Performance Stock Units Award Agreement (Borgwarner Inc), 2023 Stock Incentive Plan Performance Stock Units Award Agreement (Borgwarner Inc), 2018 Stock Incentive Plan Performance Share Award Agreement (Borgwarner Inc)
Termination Indemnities. The value of this Award is an extraordinary item of compensation outside the scope of the Employee’s employment contract, if any. As such, Awards are this Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments.
Appears in 4 contracts
Samples: 2023 Stock Incentive Plan Stock Unit Award Agreement (Phinia Inc.), 2023 Stock Incentive Plan Performance Stock Unit Award Agreement (Phinia Inc.), Performance Stock Unit Award Agreement (Phinia Inc.)
Termination Indemnities. The value of this Award is an extraordinary item of compensation outside the scope of the Employee’s employment contract, if any. As such, Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension, or retirement benefits or similar payments.. (j)
Appears in 1 contract
Samples: 2018 Stock Incentive Plan Restricted Stock Agreement (Borgwarner Inc)
