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 26 contracts
Samples: Performance Stock Units Award Agreement (Borgwarner Inc), Performance Stock Units Award Agreement (Borgwarner Inc), Restricted Stock 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: Stock Unit Award Agreement (Phinia Inc.), Performance Stock Unit Award Agreement (Phinia Inc.), Performance Stock Unit Award Agreement (Phinia Inc.)
