Nature of Grant Clause Example from Business Contracts

This example Nature of Grant clause appears in 6 contracts from 1 company

Nature of Grant. In accepting the Restricted Stock Units, Participant acknowledges that: (a) the grant of the Restricted Stock Units is voluntary and occasional and does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units even if Restricted Stock Units have been granted repeatedly in the past; (b) all decisions with respect to future awards of Restricted Stock Units, if any, will be at the sole discretion of the Company; (c) ...the future value of the underlying Shares is unknown and cannot be predicted with certainty; (d) in consideration of the award of Restricted Stock Units, no claim or entitlement to compensation or damages shall arise from termination of the Restricted Stock Units or any diminution in value of the Restricted Stock Units or Shares received when the Restricted Stock Units are earned resulting from the Participant's termination of employment by the Company or any Affiliate (for any reason whatsoever and whether or not in breach of local employment laws), and Participant irrevocably releases the Company and/or the Affiliate from any such claim that may arise; (e) in the event of involuntary termination of Participant's employment (whether or not in breach of local employment laws), Participant's right to receive Restricted Stock Units and vesting under the Plan, if any, will terminate effective as of the date that Participant is no longer actively employed and will not be extended by any notice period mandated under local law or contract, and the Company shall have the exclusive discretion to determine when Participant is no longer actively employed for purposes of the Restricted Stock Units; (f) the Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding Participant's participation in the Plan, or Participant's acquisition or sale of the underlying Shares; and (g) Participant is hereby advised to consult with his or her own personal tax, legal and financial advisors regarding Participant's participation in the Plan before taking any action related to the Plan. View More Arrow
Found in CASELLA WASTE SYSTEMS INC contract
CASELLA WASTE SYSTEMS INC Contracts

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Stock Unit Agreement Cover Sheet (Filed With SEC on March 7, 2016)

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Stock Unit Agreement Cover Sheet (Filed With SEC on March 7, 2016)

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Share Unit Agreement Cover Sheet (Filed With SEC on June 27, 2014)

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Share Unit Agreement Cover Sheet (Filed With SEC on June 27, 2014)

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Stock Unit Agreement Cover Sheet (Filed With SEC on June 27, 2014)

CASELLA WASTE SYSTEMS, INC. Casella Waste Systems, Inc. 2006Stock Incentive Plan Restricted Stock Unit Agreement Cover Sheet (Filed With SEC on June 27, 2014)