Administration Clause Example with 6 Variations from Business Contracts

This page contains Administration clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chinese nationals, unless other...wise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Termination of Service. Notwithstanding any provisions in the Agreement to the contrary, the treatment of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time of your termination of employment (as determined by the Administrator, in its discretion, in consultation with legal counsel). You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 and seq. of the French commercial code. View More
Found in Boston Scientific contract

Variations of a "Administration" Clause from Business Contracts

Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chinese nationals, unless other...wise required by the Company or by SAFE. -Rev 1.2018 AQ EXHIBIT 10.5 BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 12 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Stock Option Upon Termination of Service. Employment. Notwithstanding any provisions in the Agreement to the contrary, the treatment if you are determined to be an "Employee" as defined in Section 2 of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time treatment of the Stock Option upon your termination of employment (as determined shall be governed by Section 4 and 5 of the Administrator, Stock Option Act. However, if the provisions in its discretion, in consultation with legal counsel). the Agreement or the Plan governing the treatment of the Stock Option upon a termination are more favorable, the provisions of the Agreement or the Plan will govern. You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. Danish. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 L225-177-1 and seq. of the French commercial code. -Rev 1.2018 AQ EXHIBIT 10.5 2. Use of English Language. You acknowledge and agree that it is your express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. Vous reconnaissez et consentez que c'est votre souhait exprès qui cet accord, de meme que tous documents, toutes notifications et tous procédés légaux est entré dans, donné ou instituté conformément ci-annexé ou relatant directement ou indirectement ci-annexé, est formulé dans l'anglais. GERMANY No country-specific provisions. GREECE No country-specific provisions. HONG KONG 1. Lapse of Restrictions. If, for any reason, shares of Stock are issued to you within six months after the Grant Date, you agree that you will not sell or otherwise dispose of any such shares of Stock prior to the six-month anniversary of the Grant Date. View More
Found in Boston Scientific contract
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. -Rev 1.2018 EXHIBIT 10.1 The above requirements will not apply to non-Chines...e nationals, unless otherwise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 12 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Stock Option Upon Termination of Service. Employment. Notwithstanding any provisions in the Agreement to the contrary, the treatment if you are determined to be an "Employee" as defined in Section 2 of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time treatment of the Stock Option upon your termination of employment (as determined shall be governed by Section 4 and 5 of the Administrator, Stock Option Act. However, if the provisions in its discretion, in consultation with legal counsel). the Agreement or the Plan governing the treatment of the Stock Option upon a termination are more favorable, the provisions of the Agreement or the Plan will govern. You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. Danish. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 L225-177-1 and seq. of the French commercial code. -Rev 1.2018 EXHIBIT 10.1 2. Use of English Language. You acknowledge and agree that it is your express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. Vous reconnaissez et consentez que c'est votre souhait exprès qui cet accord, de meme que tous documents, toutes notifications et tous procédés légaux est entré dans, donné ou instituté conformément ci-annexé ou relatant directement ou indirectement ci-annexé, est formulé dans l'anglais. GERMANY No country-specific provisions. GREECE No country-specific provisions. HONG KONG 1. Lapse of Restrictions. If, for any reason, shares of Stock are issued to you within six months after the Grant Date, you agree that you will not sell or otherwise dispose of any such shares of Stock prior to the six-month anniversary of the Grant Date. View More
Found in Boston Scientific contract
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or -Rev 1.2019 AQ EXHIBIT 10.6 other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chi...nese nationals, unless otherwise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Termination of Service. Notwithstanding any provisions in the Agreement to the contrary, the treatment of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time of your termination of employment (as employment(as determined by the Administrator, in its discretion, in consultation with legal counsel). You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 and seq. of the French commercial code. -Rev 1.2019 AQ EXHIBIT 10.6 2. Use of English Language. You acknowledge and agree that it is your express wish that this Agreement, as well as all documents, notices and legal proceedings entered into, given or instituted pursuant hereto or relating directly or indirectly hereto, be drawn up in English. Vous reconnaissez et consentez que c'est votre souhait exprès qui cet accord, de meme que tous documents, toutes notifications et tous procédés légaux est entré dans, donné ou instituté conformément ci-annexé ou relatant directement ou indirectement ci-annexé, est formulé dans l'anglais. GERMANY No country-specific provisions. GREECE No country-specific provisions. HONG KONG 1. Settlement in Shares. Notwithstanding anything to the contrary in the Agreement, Addendum or the Plan, the Units shall be settled only in shares of Stock (and may not be settled in cash). View More
Found in Boston Scientific contract
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chinese nationals, unless other...wise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. Securities Law Information. The shares of Stock are not and will not be registered with the Colombian registry of publicly held securities (Registro Nacional de Valores y Emisores) and, therefore, the shares of Stock may not be offered to the public in Colombia. Nothing in the Agreement should be construed as making a public offer of securities in Colombia. –Rev 1.202017 COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Termination of Service. Notwithstanding any provisions in the Agreement to the contrary, the treatment of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time of your termination of employment (as determined by the Administrator, in its discretion, in consultation with legal counsel). You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 and seq. of the French commercial code. View More
Found in Boston Scientific contract
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chinese nationals, unless other...wise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Termination of Service. Notwithstanding any provisions in the Agreement to the contrary, the treatment if you are determined to be an "Employee" as defined in section 2 of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time treatment of the Units upon your termination of employment (as determined shall be governed by Section 4 and 5 of the Administrator, Stock Option Act. However, if the provisions in its discretion, in consultation with legal counsel). the Agreement or the Plan governing the treatment of the Units upon a termination are more favorable, the provisions of the Agreement or the Plan will govern. You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. Danish. -Rev 1.2018 AQ EXHIBIT 10.6 FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 and seq. of the French commercial code. View More
Found in Boston Scientific contract
Administration. The Company shall not be liable for any costs, fees, lost interest or dividends or other losses you may incur or suffer resulting from the enforcement of the terms of this Addendum or otherwise from the Company's operation and enforcement of the Plan, the Agreement and the Award in accordance -Rev 1.2019 EXHIBIT 10.2 with Chinese law including, without limitation, any applicable SAFE rules, regulations and requirements. The above requirements will not apply to non-Chinese nationals, unless other...wise required by the Company or by SAFE. BY ELECTRONICALLY ACCEPTING THIS AGREEMENT, YOU ACKNOWLEDGE, UNDERSTAND AND AGREE TO THE TERMS AND CONDITIONS OF THE PLAN, THE AGREEMENT AND THIS ADDENDUM. COLOMBIA Nature of Grant. This provision supplements Section 16 of the Agreement:You acknowledge that, pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of your "salary" for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. COSTA RICA No country-specific provisions. CZECH REPUBLIC No country-specific provisions. DENMARK Treatment of Units upon Termination of Service. Notwithstanding any provisions in the Agreement to the contrary, the treatment if you are determined to be an "Employee" as defined in section 2 of the Units upon your termination of employment shall be governed by the Danish Act on the Use of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the "Stock Option Act"), as in effect at the time treatment of the Units upon your termination of employment (as determined shall be governed by Section 4 and 5 of the Administrator, Stock Option Act. However, if the provisions in its discretion, in consultation with legal counsel). the Agreement or the Plan governing the treatment of the Units upon a termination are more favorable, the provisions -Rev 1.2018 EXHIBIT 10.2 of the Agreement or the Plan will govern. You acknowledge having received an "Employer Information Statement" in Danish, which is being provided to comply with the Stock Option Act. Danish. FINLAND No country-specific provisions. FRANCE 1. Nature of the Award. The Units are not granted under the French specific regime provided by Articles L225-197-1 and seq. of the French commercial code. View More
Found in Boston Scientific contract