Effect on Other Employee Benefit Plans Clause Example with 9 Variations from Business Contracts

Effect on Other Employee Benefit Plans. The value of the mPRSUs RSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The awar...d of the mPRSUs RSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, RSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs the RSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, RSUs, or benefits in lieu of mPRSUs RSUs even if mPRSUs RSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, RSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs RSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs RSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, RSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, RSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs RSUs or diminution in value of the mPRSUs RSUs or Shares received upon vesting of mPRSUs RSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs RSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The awar...d of the mPRSUs RSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, RSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs the RSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, RSUs, or benefits in lieu of mPRSUs RSUs even if mPRSUs RSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, RSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs RSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs RSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in payments;Version 3 (g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, RSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, RSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs RSUs or diminution in value of the mPRSUs RSUs or Shares received upon vesting of mPRSUs RSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs RSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The awar...d of the mPRSUs RSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, RSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs the RSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, RSUs, or benefits in lieu of mPRSUs RSUs even if mPRSUs RSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, RSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs RSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs RSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract or relationship with the Version 4 Company; and furthermore, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, RSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, RSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs RSUs or diminution in value of the mPRSUs RSUs or Shares received upon vesting of mPRSUs RSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs RSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The awar...d of the mPRSUs RSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, RSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs the RSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, RSUs, or benefits in lieu of mPRSUs RSUs even if mPRSUs RSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, RSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs RSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs RSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract or relationship with the Version 5 Company; and furthermore, the grant of the mPRSUs RSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, RSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, RSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs RSUs or diminution in value of the mPRSUs RSUs or Shares received upon vesting of mPRSUs RSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The award of ...the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The award of ...the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; Version 5 (f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The award of ...the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in payments; Version 6 (g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The award of ...the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; 1 2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for U.S. Participants (b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; (f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More

Effect on Other Employee Benefit Plans. The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides. The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.12. No Employment Rights. The award of ...the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause.13. Nature of the Grant. In accepting the mPRSUs, the Participant acknowledges that: (a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; (b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; (c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; (d)the Participant’s participation in the Plan is voluntary; (e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; Page 6 Version 2 (Aug 2016)2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for U.S. Participants (f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; (h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; (i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; (j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. View More