Termination Indemnities. The value of the Stock Units is an extraordinary item of compensation outside the scope of the Employee’s employment contract, if any. As such, the Stock Units 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 5 contracts
Samples: Award Agreement, 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc), 2014 Stock Incentive Plan Stock Units Award Agreement (Borgwarner Inc)
Termination Indemnities. The value of the Stock Units is an extraordinary item of compensation outside the scope of the Employee’s 's employment contract, if any. As such, the Stock Units 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 2 contracts
Samples: 2004 Stock Incentive Plan (Borgwarner Inc), 2004 Stock Incentive Plan (Borgwarner Inc)
