Common use of Not a Part of Salary Clause in Contracts

Not a Part of Salary. The value of the Restricted Stock granted pursuant to this Restricted Stock Agreement shall not be included as compensation, earnings, salaries or other similar terms used when calculating Recipient’s benefits under any employee benefit plan sponsored by the Company except as such plan otherwise expressly provides.

Appears in 3 contracts

Sources: Restricted Stock Agreement (Pool Corp), Restricted Stock Agreement (Pool Corp), Restricted Stock Agreement (Pool Corp)

Not a Part of Salary. The value of the Performance-Based Restricted Stock granted pursuant to this Restricted Stock Agreement shall not be included as compensation, earnings, salaries or other similar terms used when calculating Recipient’s benefits under any employee benefit plan sponsored by the Company except as such plan otherwise expressly provides.

Appears in 3 contracts

Sources: Performance Based Restricted Stock Agreement (Pool Corp), Performance Based Restricted Stock Agreement (Pool Corp), Performance Based Restricted Stock Agreement (Pool Corp)

Not a Part of Salary. The value of the Restricted Stock granted pursuant to this Restricted Stock Agreement shall not be included as compensation, earnings, salaries or other similar terms used when calculating Recipient’s benefits under any employee benefit plan sponsored by the Company except as such plan otherwise expressly provides.

Appears in 1 contract

Sources: Restricted Stock Agreement (Pool Corp)