Common use of Not Salary Clause in Contracts

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.

Appears in 2 contracts

Sources: Employment Agreement (Juniata Valley Financial Corp), Employment Agreement (Juniata Valley Financial Corp)