Common use of Termination Indemnities Clause in Contracts

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.

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.