Common use of Special Incentive Compensation Clause in Contracts

Special Incentive Compensation. The Participant agrees that the award of the Restricted Stock under the Agreement is special incentive compensation and that it, any dividends paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

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Special Incentive Compensation. The Participant Executive agrees that the award of the Restricted Stock under the Agreement is special incentive compensation and that it, any dividends paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

Special Incentive Compensation. The Participant agrees that the award of the Restricted Stock Units under the Agreement is special incentive compensation and that it, as well as any dividends dividend equivalents paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock Units will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Preformed Line Products Co), Restricted Stock Unit Award Agreement (Preformed Line Products Co), Restricted Stock Unit Award Agreement (Preformed Line Products Co)

Special Incentive Compensation. The Participant agrees that the award of the Restricted Stock under the Agreement is special incentive compensation and that it, as well as any dividends paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Preformed Line Products Co)

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Special Incentive Compensation. The Participant agrees that the award of the Restricted Stock under the Agreement is special incentive compensation and that it, any dividends dividend equivalents paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 1 contract

Samples: Performance Based Restricted Stock Agreement (Om Group Inc)

Special Incentive Compensation. The Participant acknowledges and agrees that the award of the Restricted Stock under the this Agreement is constitutes special incentive compensation and that it, as well as any dividends paid thereon (even if treated as compensation for tax purposes) and any other property received on account of such Restricted Stock will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Company or any life insurance, disability or other benefit plan of the Company.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Preformed Line Products Co)

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