Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation Clause Example with 28 Variations from Business Contracts
This page contains Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation 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.
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; (b) the grant of the Option is exceptional, voluntary and occasional and it does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even ...if options have been granted in the past; (c) all determinations with respect to future option grants, if any, including the grant date, the number of Shares granted, the exercise price and the exercise date or dates, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; (e) the value of the Option is an extraordinary item that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, for the avoidance of doubt, the Option will not constitute an "acquired right" under the applicable law of any jurisdiction; (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract.View More
Variations of a "Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation" Clause from Business Contracts
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time time, to the extent permitted by the Plan; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it does not create any contractual or other right to receive future grants of option...s, RSUs, or benefits in lieu of options, RSUs, even if options RSUs have been granted in the past; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, grants of RSUs, and the income from and value of same, are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. contract.21.Award Administrator. The Company may from time to time designate a third party (an "Award Administrator") to assist the Company in the implementation, administration and management of the Plan and any RSUs granted thereunder, including by sending award notices on behalf of the Company to Participants, and by facilitating through electronic means acceptance of RSU Agreements by Participants. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to receive... future grants of options, RSUs, or benefits in lieu of options, even if options have been granted in the past; RSUs; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value grants of same, RSUs are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment Employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to receive... future grants of options, RSUs, or benefits in lieu of options, even if options have been granted in the past; RSUs; (c) all determinations with respect to future option grants, grants of RSUs, if any, 6 including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value grants of same, RSUs are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated 7 hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to recei...ve future grants of options, RSUs, or benefits in lieu of options, even if options have been granted in the past; RSUs; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value grants of same, RSUs are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis basis, and, for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to receive... future grants of options, RSUs, or benefits in lieu of options, even if options have been granted in the past; RSUs; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be 8 at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value grants of same, RSUs are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis basis, and, for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to receive... future grants of options, RSUs, or benefits in lieu of options, even if options have been granted in the past; RSUs; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value grants of same, RSUs are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, 7 resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, the Participant Optionee expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time to the extent permitted by the Plan; time; (b) the grant of the Option is exceptional, voluntary and occasional and it a one-time benefit that does not create any contractual or other right to receive future grants of options..., or benefits in lieu of options, even if options have been granted in the past; options; (c) all determinations with respect to future option grants, if any, including the grant date, the number of Shares granted, the exercise price and the exercise date or dates, will be at the sole discretion of the Company; (d) the Participant's Optionee's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option is an extraordinary item of compensation that is outside the scope of the Participant's Optionee's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and the Participant Optionee waives any claim on such basis and, for the avoidance of doubt, the Option will not constitute an "acquired right" under the applicable law of any jurisdiction; basis; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant Optionee understands, acknowledges and agrees that the Participant Optionee will have no rights to compensation or damages related to Option option proceeds in consequence of the termination of the Participant's Optionee's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time time, to the extent permitted by the Plan; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it does not create any contractual or other right to receive future grants of option...s, RSUs, or benefits in lieu of options, RSUs, even if options RSUs have been granted in the past; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, grants of RSUs, and the income from and value of same, are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, 10 redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time time, to the extent permitted by the Plan; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it does not create any contractual or other right to receive future grants of option...s, RSUs, or benefits in lieu of options, RSUs, even if options RSUs have been granted in the past; (c) all determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, grants of RSUs, and the income from and value of same, are not part of normal or expected compensation 10compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
Limitation on Rights No Right to Future Grants Extraordinary Item of Compensation. By accepting this Agreement and the grant of the Option evidenced hereby, RSUs contemplated hereunder, the Participant expressly acknowledges that (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be suspended or terminated by the Company at any time time, to the extent permitted by the Plan; (b) the grant of the Option RSUs is exceptional, voluntary and occasional and it does not create any contractual or other right to receive future grants of option...s, RSUs, or benefits in lieu of options, RSUs, even if options RSUs have been granted in the past; (c) all 7 determinations with respect to future option grants, grants of RSUs, if any, including the grant date, the number of Shares granted, the exercise price granted and the exercise date or dates, applicable vesting terms, will be at the sole discretion of the Company; (d) the Participant's participation in the Plan is voluntary and not a condition of employment, and the Participant may decline to accept the Option without adverse consequences to the Participant's continued employment relationship with the Company Group; voluntary; (e) the value of the Option RSUs is an extraordinary item of compensation that is outside the scope of the Participant's employment contract, if any, and nothing can or must automatically be inferred from such employment contract or its consequences; (f) Options and any Shares acquired under the Plan, grants of RSUs, and the income from and value of same, are not part of normal or expected compensation for any purpose and are not to be used for calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, the Participant waives any claim on such basis and, basis, and for the avoidance of doubt, the Option will RSUs shall not constitute an "acquired right" under the applicable law of any jurisdiction; and (g) if the underlying Shares do not increase in value, the Option will have no value; (h) if the Participant exercises the Option and acquires Shares, the value of such Shares may increase or decrease in value, even below the Exercise Price; and (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty. In addition, the Participant understands, acknowledges and agrees that the Participant will have no rights to compensation or damages related to Option RSU proceeds in consequence of the termination of the Participant's employment for any reason whatsoever and whether or not in breach of contract. View More
