No Right to Future Awards. The grants of the awards under this Agreement to Participant are voluntary, discretionary awards being made on a one-time basis and they do not constitute commitments to make any future awards. The grants of the awards and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or similar allowance, except as otherwise required by law.
Appears in 4 contracts
Samples: Agreement (Lennox International Inc), Incentive Award Agreement (Lennox International Inc), Agreement (Lennox International Inc)
No Right to Future Awards. The grants grant of the awards under this Agreement to Participant are voluntary, discretionary awards being made on a one-time basis and they do not constitute commitments to make any future awards. The grants grant of the awards and any payments made hereunder will not be considered salary or other compensation for purposes of any severance pay or similar allowance, except as otherwise required by law.
Appears in 1 contract
Samples: Incentive Award Agreement (Lennox International Inc)
