Common use of Other Benefit and Compensation Programs Clause in Contracts

Other Benefit and Compensation Programs. Unless otherwise specifically determined by the Board, the Option is intended to be "nonqualified compensation" under the Code and shall not be deemed a part of Holder's regular, recurring compensation for purposes of calculating payments or benefits from any Company benefit plan or severance program. Further, the Company may adopt other compensation programs, plans or arrangements as it deems appropriate or necessary. Nothing in this Agreement shall be deemed to confer upon Holder any right to receive additional options under the Plan.

Other Benefit and Compensation Programs. Unless otherwise specifically determined by the Board, the Option is intended to be "nonqualified non-qualified compensation" under the Code and shall not be deemed a part of Holder's regular, recurring compensation for purposes of calculating payments or benefits from any Company benefit plan or severance program. Further, the Company may adopt other compensation programs, plans or arrangements as it deems appropriate or necessary. Nothing in this Agreement shall be deemed to confer upon Holder any right to receive additional options under the Plan.