Termination Indemnities. The value of the Optionee’s Options is an extraordinary item of compensation outside the scope of the Optionee’s employment contract, if any. As such, the Options 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.
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Samples: Unit Option Agreement, Unit Option Agreement (Juniper Bond Holdings IV LLC), Unit Option Agreement (NL Coop Holdings LLC)
Termination Indemnities. The value of the Optionee’s Options Option is an extraordinary item of compensation outside the scope of the Optionee’s employment contract, if any. As such, the Options are Option 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 paymentspayments to which Optionee may be otherwise entitled.
Appears in 2 contracts
Samples: Stock Option Agreement (Nanometrics Inc), Stock Option Agreement (Nanometrics Inc)
Termination Indemnities. The value of the Optionee’s Options Option is an extraordinary item of compensation outside the scope of the OptioneeParticipant’s employment contract, if any. As such, the Options are Option 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 paymentspayments to which Participant may be otherwise entitled.
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