Not Salary Clause Samples
The "Not Salary" clause clarifies that certain payments or benefits provided under an agreement are not considered part of an employee's salary. For example, this may apply to bonuses, expense reimbursements, or other forms of compensation that are specifically excluded from the definition of salary for purposes such as calculating benefits, taxes, or severance. The core function of this clause is to prevent misunderstandings or disputes about what constitutes salary, ensuring that only specified amounts are treated as such for legal and administrative purposes.
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Not Salary. Any deferred compensation payable under this agreement shall not be deemed salary or other compensation to the Executive for the purpose of computing benefits to which he may be entitled under any pension plan or other arrangement of the Company for the benefit of its Executives.
Not Salary. Any Severance Compensation payable under this ---------- Agreement shall not be deemed salary or other compensation to the Employee for the purpose of computing benefits to which he may be entitled under any pension plan or other arrangement of the Company for the benefit of its employees.
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 employees.