Extraordinary Item of Compensation Contract Clauses (126)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Extraordinary Item of Compensation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The valu...e of this Award is an extraordinary item of compensation outside the scope of your employment contract, if any. This Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer. SINGAPORE Securities Law Information. The grant of the Award under the Plan is being made pursuant to the "Qualifying Person" exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (the "SFA"). The Plan has not been and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore and is not regulated by any financial supervisory authority pursuant to any legislation in Singapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should note that, as a result, the Award is subject to section 257 of the SFA and you will not be able to make: (a) any subsequent sale of the shares of Common Stock underlying the Award in Singapore; or (b) any offer of such subsequent sale of the shares of Common Stock subject to the Award in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA. SOUTH AFRICA 1. Withholding Taxes. The following provision supplements Section 5 of the Award Agreement: By accepting the Restricted Stock Units, you agree to notify the Employer of the amount of any gain realized upon vesting of the Restricted Stock Units. If you fail to advise the Employer of the gain realized upon vesting of the Restricted Stock Units, you may be liable for a fine. You will be responsible for paying any difference between the actual tax liability and the amount withheld.View More
Extraordinary Item of Compensation. You The Participant expressly recognize recognizes and acknowledge acknowledges that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your the Participant's free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge the Participant acknowledges and agree agrees that the Company may, in its sole discretion, amend and.../or discontinue your the Participant's 16 participation in the Plan at any time and without any liability. The value of this Award is an extraordinary item of compensation outside the scope of your the Participant's employment contract, if any. This Award is not part of your the Participant's regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer. SINGAPORE Securities PAKISTAN No country-specific provisions. PERU 1. Labor Law Information. The grant of the Award under the Plan is being made pursuant to the "Qualifying Person" exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (the "SFA"). The Plan has not been and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore and is not regulated by any financial supervisory authority pursuant to any legislation in Singapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should note that, as a result, the Award is subject to section 257 of the SFA and you will not be able to make: (a) any subsequent sale of the shares of Common Stock underlying the Award in Singapore; or (b) any offer of such subsequent sale of the shares of Common Stock subject to the Award in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of the SFA. SOUTH AFRICA 1. Withholding Taxes. The following provision supplements Section 5 of the Award Agreement: Acknowledgement. By accepting the Restricted Stock Units, you agree grant of Performance Shares, the Participant acknowledges, understands and agrees that the Performance Shares are being granted ex gratia to notify the Employer Participant with the purpose of rewarding the amount of any gain realized upon vesting of the Restricted Stock Units. If you fail to advise the Employer of the gain realized upon vesting of the Restricted Stock Units, you may be liable for a fine. You will be responsible for paying any difference between the actual tax liability and the amount withheld. Participant. View More
Extraordinary Item of Compensation. You The Employee expressly recognize recognizes and acknowledge acknowledges that your the Employee's participation in the Plan is a result of the discretionary and unilateral decision of the Company, Donaldson, as well as your the Employee's free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge the Employee acknowledges and agree agrees that the Company may, Donaldson, in it...s sole discretion, may amend and/or discontinue your the Employee's participation in the Plan at any time and without any liability. The value of this Award the Restricted Stock Units is an extraordinary item of compensation outside the scope of your the Employee's employment contract, if any. This Award is The Restricted Stock Units are not part of your the Employee's regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service long‐service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of Donaldson‐Mexico. NETHERLANDS 1. Waiver of Termination Rights. The Employee hereby waives any and all rights to compensation or damages as a result of the Employer. Employee's termination of employment with Donaldson or any Affiliate whatsoever, insofar as those rights result or may result from (i) the loss or diminution in value of such rights or entitlements under the Plan, or (ii) the Employee's ceasing to have rights under, or ceasing to be entitled to any awards under the Plan as a result of such termination. SINGAPORE Securities Law Information. 1. Qualifying Person Exemption. The grant of the Award Restricted Stock Units under the Plan is being made pursuant to the "Qualifying Person" exemption under section 273(1)(f) of the Securities and Futures Act (Chapter 289, 2006 Ed.) (the "SFA"). ("SFA"). The Plan has not been and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore and is not regulated by any financial supervisory -13- authority pursuant to any legislation in Singapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You The Employee should note that, as a result, the Award Restricted Stock Units is subject to section 257 of the SFA and you the Employee will not be able to make: make (a) any subsequent sale of the shares of Common Stock underlying the Award in Singapore; Singapore or (b) any offer of such subsequent sale of the shares of Common Stock subject to the Award Restricted Stock Units in Singapore, unless such sale or offer is made pursuant to the exemptions under Part XIII Division 1 (1) Subdivision (4) (other than section 280) of the SFA. SFA (Chapter 289, 2006 Ed.). SOUTH AFRICA KOREA No country-specific provisions. POLAND No country-specific provisions. SPAIN 1. Withholding Taxes. The following provision supplements Section 5 Acknowledgement of Discretionary Nature of the Award Agreement: By Plan. In accepting the Restricted Stock Units, you agree the Employee consents to notify participation in the Employer Plan and acknowledges that the Employee has received a copy of the amount Plan. The Employee understands that Donaldson has unilaterally, gratuitously and in its sole discretion granted restricted stock units under the Plan to individuals who may be employees of Donaldson or any gain realized of its Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind Donaldson or any of its Affiliates on an ongoing basis. Consequently, the Employee understands that the Restricted Stock Units are granted on the assumption and condition that the Restricted Stock Units and the shares of Common Stock acquired upon vesting of the Restricted Stock Units. If you fail Units shall not become a part of any employment contract (either with Donaldson or any of its Affiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, the Employee understands that this grant would not be made to advise the Employer Employee but for the assumptions and conditions referenced above; thus, the Employee acknowledges and freely accepts that should any or all of the gain realized upon vesting assumptions be mistaken or should any of the conditions not be met for any reason, the Restricted Stock Unit grant shall be null and void. The Employee understands and agrees that, as a condition of the Restricted Stock Units, you may be liable for a fine. You Unit grant, unless otherwise provided in the Agreement, any unvested Restricted Stock Units as of the date the Employee ceases active employment, will be responsible for paying forfeited without entitlement to the underlying shares of Common Stock or to any difference between amount of indemnification in the actual tax liability event of termination of employment. The Employee acknowledges that the Employee has read and specifically accepts the amount withheld. conditions referred to in the Agreement regarding the impact of a termination of employment on the Restricted Stock Units. View More
Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, Company, in its sole discretion, may amend and/or discontinue your participation in the Plan at any time and without any liabil...ity. The Option, the shares of Stock subject to the Option and the value of this Award same is an extraordinary item of compensation outside the scope of your employment contract, if any. This Award any, and is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of WBA Mexico. MONACO Use of English Language. You acknowledge that it is your express wish that the Employer. SINGAPORE 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 avoir expressément exigé la rédaction en anglais de la présente Convention, ainsi que de tous documents exécutés, avis donnés et procédures judiciaires intentées, directement ou indirectement, relatifs à, ou suite à, la présente Convention. NETHERLANDS Exclusion of Claim. You acknowledge and agree that you will have no entitlement to compensation or damages insofar as such entitlement arises or may arise from your ceasing to have rights under or to be entitled to the Option, whether or not as a result of your Termination of Service (whether such termination is in breach of contract or otherwise), or from the loss or diminution in value of the Option. Upon the grant of the Option, you shall be deemed irrevocably to have waived any such entitlement. ROMANIA Voluntary Termination of Service. For the sake of clarity, a voluntary Termination of Service shall include the situation where your employment contract is terminated by operation of law on the date you reach the standard retirement age and have completed the minimum contribution record for receipt of state retirement pension or the relevant authorities award you an early-retirement pension of any type. RUSSIA 1.No Offering of Securities Law Information. in Russia. The grant of the Award under Option is not intended to be an offering of securities within the Plan is being made pursuant to the "Qualifying Person" exemption under section 273(1)(f) territory of the Securities and Futures Act (Chapter 289, 2006 Ed.) (the "SFA"). The Plan has not been and will not be lodged or registered as a prospectus with the Monetary Authority of Singapore and is not regulated by any financial supervisory authority pursuant to any legislation in Singapore. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should note that, as a result, the Award is subject to section 257 of the SFA Russian Federation, and you acknowledge and agree that you will not be able unable to make: (a) make any subsequent sale of the shares of Common Stock underlying the Award in Singapore; or (b) any offer of such subsequent sale of the shares of Common Stock subject to the Award in Singapore, unless such sale or offer is made acquired pursuant to the exemptions under Part XIII Division 1 Subdivision (4) (other than section 280) of Option in the SFA. SOUTH AFRICA 1. Withholding Taxes. The following provision supplements Section 5 of the Award Agreement: By accepting the Restricted Stock Units, you agree to notify the Employer of the amount of any gain realized upon vesting of the Restricted Stock Units. If you fail to advise the Employer of the gain realized upon vesting of the Restricted Stock Units, you may be liable for a fine. You will be responsible for paying any difference between the actual tax liability and the amount withheld. Russian Federation. View More
