NOT SALARY definition
NOT SALARY. Any sums accounted for as being set aside for purposes of providing benefits hereunder shall not be deemed to be salary or other compensation paid to the Employee for purposes of computing benefits to which the Employee may be entitled under any other pension, profit sharing or other benefit arrangement maintained by the Employer for the benefit of its employees.
Examples of NOT SALARY in a sentence
EXECUTIVE FURTHER ACKNOWLEDGES THAT THE CONSIDERATION PAYABLE TO EXECUTIVE UNDER THE AGREEMENT REPRESENT CONSIDERATION FOR SIGNING THIS RELEASE AND ARE NOT SALARY, WAGES OR BENEFITS TO WHICH EXECUTIVE WAS ALREADY ENTITLED.