Nature of the Grant Clause Example with 4 Variations from Business Contracts

This page contains Nature of the Grant 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.
Nature of the Grant. In accepting this Award Agreement, the Participant acknowledges that: (a) the grant of Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units even if Restricted Units have been awarded repeatedly in the past; and (b) Restricted Units are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, res...ignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Corporation or its Subsidiaries. View More
Found in Marathon Oil Corp. contract

Variations of a "Nature of the Grant" Clause from Business Contracts

Nature of the Grant. In accepting this Award Agreement, the Participant acknowledges that: (a) the grant of Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units even if Restricted Units have been awarded repeatedly in the past; and 2019 Plan –Non-Employee Director RSU Agreement with 1-year cliff vesting 2 (b) Restricted Units are not part of normal or expected compensation or salary for an...y purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Corporation or its Subsidiaries. View More
Found in Marathon Oil Corp. contract
Nature of the Grant. In accepting this Award Agreement, the Participant acknowledges that: (a) the grant of Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units even if Restricted Units have been awarded repeatedly in the past; and 3 2016 Plan –RSU Agreement with 3-year cliff vesting (retirement vesting) (2019 grant) (b) Restricted Units are not part of normal or expected compensation or s...alary for any purpose, including, but not limited to, calculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Corporation or its Subsidiaries. View More
Found in Marathon Oil Corp. contract
Nature of the Grant. In accepting signing this Award Agreement, the Participant acknowledges that: NORPI123P (May 2012) 2 (a) the grant of Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units even if Restricted Units have been awarded repeatedly in the past; and (b) Restricted Units are not part of normal or expected compensation or salary for any purpose, including, but not limited to, ca...lculation of any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Corporation or its Subsidiaries. View More
Found in Marathon Oil Corp. contract
Nature of the Grant. In accepting this Award Agreement, the Participant acknowledges that: (a) the grant of Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future awards of Restricted Units, or benefits in lieu of Restricted Units even if Restricted Units have been awarded repeatedly in the past; and (b) Restricted Units are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any severance, res...ignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Corporation or its Subsidiaries. View More
Found in Marathon Oil Corp. contract