Calculation of Benefits Sample Clauses

Calculation of Benefits. Neither the RSUs nor any Shares issued pursuant to vesting of the RSUs shall be deemed compensation or taken into account for purposes of determining benefits or contributions under any retirement or other qualified or nonqualified plans of the Company or any employment/severance or change in control agreement to which Employee is a party and shall not affect any benefits, or contributions to benefits, under any other benefit plan of any kind or any applicable law or regulation now or subsequently in effect under which the availability or amount of benefits or contributions is related to level of compensation. It is specifically agreed by the parties that any benefits that Employee may receive or derive from this Agreement will not be considered as salary for calculating any severance payment that may be payable to Employee in the event of a termination of his or her employment.
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Calculation of Benefits. Neither the Restricted Equity Units nor the Class A-2 Interests shall be deemed compensation for purposes of computing benefits or contributions under any retirement plan of the Company and shall not affect any benefits, or contributions to benefits, under any other benefit plan of any kind now or subsequently in effect under which the availability or amount of benefits or contributions is related to level of compensation.
Calculation of Benefits. Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which the Executive would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination, that could be paid without the Executive being subject to the Excise Tax.
Calculation of Benefits. At least fifteen (15) days prior to the Payment Date, PPD shall notify Employee of the aggregate present value of all amounts and benefits to which Employee would be entitled under this Agreement and any other plan, program or arrangement with PPD as of the Termination Date, together with the projected maximum payments, determined as of such Date of Termination, that could be paid without Employee being subject to the Excise Tax.
Calculation of Benefits. The Company within five working days following the Executive’s termination shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other agreement, plan, program or arrangement, together with the projected maximum payments, that could be paid without the Executive being subject to the Excise Tax. In the event that the Company and the Executive do not agree as to the termination benefits to be provided, the aggregate present value of such terminated benefits, or the projected maximum payments, the parties agree that, during the pendency of the dispute, the Executive will be entitled to receive any benefits or payments that are not disputed, and the Executive will have the right to reserve his claim to such disputed matters, and the Release shall be modified to reflect that reservation of rights.
Calculation of Benefits. Vacation entitlement, sick leave, and other benefits shall be calculated retroactively to the twelve (12) month employee's initial date of hire. Sick leave, and other benefits shall be calculated retroactively to the ten (10) month employee's initial date of hire
Calculation of Benefits. For all calculations of actuarial equivalence under the Plan, the applicable actuarial factors and methods described in the Pension Plan shall be used except that, for Plan A Participants, the Applicable Interest Rate shall be the same rate(s) used, for the applicable time period(s), to calculate the present value of pension benefits guaranteed by the Pension Benefit Guaranty Corporation in case of a plan termination.
Calculation of Benefits. For purposes of benefits, an individual recalled from a layoff list is not considered to have a break in service.
Calculation of Benefits. An employee recalled following a layoff shall be allowed to include all service and seniority which was creditable on the date of layoff when computing their seniority. Service or seniority shall not accrue during the period of layoff. No benefits shall accrue during the layoff period.
Calculation of Benefits. Amounts paid or benefits provided to Executive under the Agreement shall not be included in the calculation of any amounts paid or benefits provided under any change in control, parachute or severance arrangement, or pursuant to the terms of any employment agreement as a result of Executive’s termination of employment.