No Entitlement or Claims for Compensation Contract Clauses (57)
Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains No Entitlement or Claims for Compensation clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
No Entitlement or Claims for Compensation. In connection with the acceptance of the grant of the Performance Units under the Grant Letter and these Grant Conditions, the Grantee acknowledges the following: (a) the Plan is established voluntarily by the Company, the grant of the Performance Units under the Plan is made at the discretion of the Committee and the Plan may be modified, amended, suspended or terminated by the Company at any time; (b) the grant of the Performance Units under the Plan is voluntary and occasional and does not cr...eate any contractual or other right to receive future grants of Performance Units, or benefits in lieu of them, even if Performance Units have been granted repeatedly in the past; (c) all decisions with respect to future grants of Performance Units, if any, will be at the sole discretion of the Committee; (d) the Grantee is voluntarily participating in the Plan; (e) the Performance Units and any shares of Company Stock acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Employer (including, as applicable, the Grantee's employer) and which are outside the scope of the Grantee's employment contract, if any; (f) the Performance Units and any shares of Company Stock acquired under the Plan are not to be considered part of the Grantee's normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; (g) the Performance Units and the shares of Company Stock subject to the award are not intended to replace any pension rights or compensation; (h) the grant of Performance Units and the Grantee's participation in the Plan will not be interpreted to form an employment contract or relationship with the Employer; (i) the future value of the underlying shares of Company Stock is unknown and cannot be predicted with certainty. If the Grantee vests in the Performance Units and receives shares of Company Stock, the value of the acquired shares may increase or decrease. The Grantee understands that the Company is not responsible for any foreign exchange fluctuation between the United States Dollar and the Grantee's local currency that may affect the value of the Performance Units or the shares of Company Stock; and (j) the Grantee shall have no rights, claim or entitlement to compensation or damages as a result of the Grantee's cessation of employment (for any reason whatsoever, whether or not in breach of contract or local labor law or the terms of the Grantee's employment agreement, if any), insofar as these rights, claim or entitlement arise or may arise from the Grantee's ceasing to have rights under or be entitled to receive shares of Company Stock under or ceasing to have the opportunity to participate in the Plan as a result of such cessation or loss or diminution in value of the Performance Units or any of the shares of Company Stock acquired thereunder as a result of such cessation, and the Grantee irrevocably releases the Employer from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then the Grantee shall be deemed to have irrevocably waived the Grantee's entitlement to pursue such rights or claim.View More
No Entitlement or Claims for Compensation. In connection with the acceptance 11.1 Nature of the grant of Grant. In accepting the Performance Units under Award, the Grant Letter Participant acknowledges, understands and these Grant Conditions, the Grantee acknowledges the following: agrees that: (a) the Plan is established voluntarily by the Company, the grant of the Performance Units under the Plan it is made at the discretion of the Committee discretionary in nature and the Plan it may be modified, amended, suspended or terminated by th...e Company at any time; time, to the extent permitted by the Plan; (b) the grant of the Performance Units under the Plan is voluntary and occasional and does not create any contractual or other right to receive future grants of Performance Units, or benefits in lieu of them, Units, even if Performance Units have been granted repeatedly in the past; (c) all decisions with respect to future grants of Performance Units, Units or other grants, if any, will be at the sole discretion of the Committee; Company; (d) the Grantee Units grant and the Participant's participation in the Plan shall not create a right to employment or be interpreted as forming an employment or services contract with the Company, the Employer or any Subsidiary or Affiliate and shall not interfere with the ability of the Company, the Employer or any Subsidiary or Affiliate, as applicable, to terminate the Participant's employment or service relationship (if any); (e) the Participant is voluntarily participating in the Plan; (e) (f) the Performance Units and any shares of Company Stock acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered Shares subject to the Employer (including, as applicable, Units are not intended to replace any pension rights or compensation; (g) the Grantee's employer) and which are outside the scope of the Grantee's employment contract, if any; (f) the Performance Units and any shares the Shares subject to the Units, and the income and value of Company Stock acquired under the Plan same, are not to be considered part of the Grantee's normal or expected compensation or salary for any purpose, including, but not limited to, purposes of calculating any severance, resignation, termination, payment in lieu of notice, redundancy, end of service dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; (g) the Performance Units and the shares of Company Stock subject to the award are not intended to replace any pension rights or compensation; (h) the grant of Performance Units and the Grantee's participation in the Plan will not be interpreted to form an employment contract or relationship with the Employer; (i) the future value of the underlying shares of Company Stock Shares is unknown unknown, indeterminable and cannot be predicted with certainty. If certainty; 9 (i) no claim or entitlement to compensation or damages shall arise from forfeiture of the Grantee vests Units resulting from the termination of the Participant's employment or other service relationship (for any reason whatsoever whether or not later found to be invalid or in breach of employment laws in the Performance jurisdiction where the Participant is employed or the terms of the Participant's employment contract, if any), and in consideration of the grant of the Units to which the Participant is otherwise not entitled, the Participant irrevocably agrees never to institute any claim against the Company, any of its Subsidiaries or Affiliates or the Employer, waives his or her ability, if any, to bring any such claim, and releases the Company, its Subsidiaries and Affiliates and the Employer from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Participant shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim; (j) unless otherwise provided in the Plan or determined by the Company in its discretion, the Units and receives the benefits evidenced by this Award Agreement do not create any entitlement to have the Units or any such benefits transferred to, or assumed by, another company nor be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of Company Stock, the value Company; and (k) the following provisions apply only if the Participant is providing services outside the United States: (i) the Units and the Shares subject to the Units are not part of normal or expected compensation or salary for any purpose; and (ii) the acquired shares may increase Participant acknowledges and agrees that neither the Company, the Employer nor any Subsidiary or decrease. The Grantee understands that the Company is not responsible Affiliate shall be liable for any foreign exchange rate fluctuation between the Participant's local currency and the United States Dollar and the Grantee's local currency that may affect the value of the Performance Units or of any amounts due to the Participant pursuant to the settlement of the Units or the shares subsequent sale of Company Stock; and (j) the Grantee shall have no rights, claim or entitlement to compensation or damages as a result of the Grantee's cessation of employment (for any reason whatsoever, whether or not in breach of contract or local labor law or the terms of the Grantee's employment agreement, if any), insofar as these rights, claim or entitlement arise or may arise from the Grantee's ceasing to have rights under or be entitled to receive shares of Company Stock under or ceasing to have the opportunity to participate in the Plan as a result of such cessation or loss or diminution in value of the Performance Units or any of the shares of Company Stock Shares acquired thereunder as a result of such cessation, and the Grantee irrevocably releases the Employer from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then the Grantee shall be deemed to have irrevocably waived the Grantee's entitlement to pursue such rights or claim. upon settlement. View More
No Entitlement or Claims for Compensation. In connection with the acceptance of the grant of the Performance Units Restricted Stock under the Grant Letter and these Grant Conditions, the Grantee acknowledges the following: (a) the Plan is established voluntarily by the Company, the grant of the Performance Units Restricted Stock under the Plan is made at the discretion of the Committee and the Plan may be modified, amended, suspended or terminated by the Company at any time; (b) the grant of the Performance Units Restricted Stock under t...he Plan is voluntary and occasional and does not create any contractual or other right to receive future grants of Performance Units, any equity-based awards, or benefits in lieu of them, even if Performance Units equity-based awards have been granted repeatedly in the past; (c) all decisions with respect to future grants of Performance Units, Restricted Stock, if any, will be at the sole discretion of the Committee; (d) the Grantee is voluntarily participating in the Plan; (e) the Performance Units Restricted Stock and any shares of Company Stock acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Employer (including, as applicable, the Grantee's employer) and which are outside the scope of the Grantee's employment contract, if any; (f) the Performance Units and any shares of Company Stock acquired under the Plan are not to be considered part of the Grantee's normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; (g) (f) the Performance Units Restricted Stock and the shares of Company Stock subject to the award are not intended to replace any pension rights or compensation; (h) (g) the grant of Performance Units Restricted Stock and the Grantee's participation in the Plan will not be interpreted to form an employment contract or relationship with the Employer; (i) 6 (h) the future value of the underlying shares of Company Stock is unknown and cannot be predicted with certainty. If the Grantee vests in the Performance Units and receives shares of Company Restricted Stock, the value of the acquired shares of Company Stock may increase or decrease. The Grantee understands that the Company is not responsible for any foreign exchange fluctuation between the United States Dollar decrease; and the Grantee's local currency that may affect the value of the Performance Units or the shares of Company Stock; and (j) (i) the Grantee shall have no rights, claim or entitlement to compensation or damages as a result of the Grantee's cessation of employment (for any reason whatsoever, whether or not in breach of contract or local labor law or the terms of the Grantee's employment agreement, if any), insofar as these rights, claim or entitlement arise or may arise from the Grantee's ceasing to have rights under or be entitled to receive shares of Company Stock under or ceasing to have the opportunity to participate in the Plan as a result of such cessation or loss or diminution in value of the Performance Units Restricted Stock or any of the shares of Company Stock acquired thereunder as a result of such cessation, and the Grantee irrevocably releases the Employer from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then the Grantee shall be deemed to have irrevocably waived the Grantee's entitlement to pursue such rights or claim. View More
No Entitlement or Claims for Compensation. In 11.1The Participant's rights, if any, in respect of or in connection with the acceptance Units are derived solely from the discretionary decision of the grant of Company to permit the Performance Units under the Grant Letter and these Grant Conditions, the Grantee acknowledges the following: (a) the Plan is established voluntarily by the Company, the grant of the Performance Units under the Plan is made at the discretion of the Committee and the Plan may be modified, amended, suspended or ter...minated by the Company at any time; (b) the grant of the Performance Units under the Plan is voluntary and occasional and does not create any contractual or other right to receive future grants of Performance Units, or benefits in lieu of them, even if Performance Units have been granted repeatedly in the past; (c) all decisions with respect to future grants of Performance Units, if any, will be at the sole discretion of the Committee; (d) the Grantee is voluntarily participating in the Plan; (e) the Performance Units and any shares of Company Stock acquired under the Plan are extraordinary items that do not constitute compensation of any kind for services of any kind rendered to the Employer (including, as applicable, the Grantee's employer) and which are outside the scope of the Grantee's employment contract, if any; (f) the Performance Units and any shares of Company Stock acquired under the Plan are not to be considered part of the Grantee's normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; (g) the Performance Units and the shares of Company Stock subject to the award are not intended to replace any pension rights or compensation; (h) the grant of Performance Units and the Grantee's participation in the Plan will not be interpreted to form an employment contract or relationship with the Employer; (i) the future value of the underlying shares of Company Stock is unknown and cannot be predicted with certainty. If the Grantee vests in the Performance Units and receives shares of Company Stock, the value of the acquired shares may increase or decrease. The Grantee understands that the Company is not responsible for any foreign exchange fluctuation between the United States Dollar and the Grantee's local currency that may affect the value of the Performance Units or the shares of Company Stock; and (j) the Grantee shall have no rights, claim or entitlement to compensation or damages as a result of the Grantee's cessation of employment (for any reason whatsoever, whether or not in breach of contract or local labor law or the terms of the Grantee's employment agreement, if any), insofar as these rights, claim or entitlement arise or may arise from the Grantee's ceasing to have rights under or be entitled to receive shares of Company Stock under or ceasing to have the opportunity Participant to participate in the Plan as and to benefit from a result of such cessation or loss or diminution in value discretionary Award. By accepting the Units, the Participant expressly acknowledges that there is no obligation on the part of the Performance Company to continue the Plan and/or grant any additional Units or any other Awards to the Participant. The Units are not intended to be compensation of a continuing or recurring nature, or part of the shares Participant's normal or expected compensation, and in no way represents any portion of Company Stock acquired thereunder as a result the Participant's salary, compensation, or other remuneration for purposes of such cessation, and pension benefits, severance, redundancy, resignation or any other purpose. 7 11.2Neither the Grantee irrevocably releases Plan nor the Employer from any such rights, entitlement or claim that may arise. If, notwithstanding the foregoing, any such right or claim is found by a court of competent jurisdiction to have arisen, then the Grantee Units shall be deemed to give the Participant a right to remain an Employee, Director or Consultant of the Company or any other Participating Company. The Participating Company Group reserves the right to terminate the Service of the Participant at any time, with or without cause, and for any reason, subject to applicable laws, the Company's Certificate of Incorporation and Bylaws and a written employment agreement (if any), and the Participant shall be deemed irrevocably to have irrevocably waived any claim to damages or specific performance for breach of contract or dismissal, compensation for loss of office, tort or otherwise with respect to the Grantee's entitlement Plan, the Units or any other outstanding Award that is forfeited and/or is terminated by its terms or to pursue such rights or claim. any future Award. View More
