No Effect on Future Compensation. The Company has made this award of Restricted Stock to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of Restricted Stock will not be taken into account in determining any other service-related rights the Participant may have, such as rights to any pension pay.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.), Restricted Stock Award Agreement (Khoury Amin J), Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.)
No Effect on Future Compensation. The Company has made this award of Restricted Stock to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of Restricted Stock is not part of the Participant’s base salary or wages and will not be taken into account in determining any other service-related rights the Participant may have, such as rights to any pension or severance pay.
Appears in 1 contract
Samples: Plan Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.)
No Effect on Future Compensation. The Company has made this award of Restricted Stock to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of Restricted Stock will not be taken into account in determining any other service-related rights the Participant may have, such as rights to any pension pay.’s
Appears in 1 contract
Samples: Plan Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.)
No Effect on Future Compensation. The Company has made this award of Restricted Stock to the Participant in its sole discretion. This award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year, and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation. In addition, this award of Restricted Stock will not be taken into account in determining any other service-related service‑related rights the Participant may have, such as rights to any pension pay.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (KLX Energy Services Holdings, Inc.)
