Terms and Conditions Clause Example with 17 Variations from Business Contracts
This page contains Terms and Conditions 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.
Terms and Conditions. The terms, conditions, and restrictions applicable to the Award are specified the Plan and this grant notification and agreement, including Exhibits A, B and C (the "Award Agreement"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, vesting, cancellation and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this Award, the Particip...ant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") and that he or she has read and understands the Prospectus. The Participant understands that the Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the Award is contingent, and depends on the future financial performance of the Company, among other factors. The Participant further confirms his or her understanding that the Award is intended to promote employee retention and stock ownership and to align participants' interests with those of shareholders. Additionally, the Participant understands that the Award is subject to performance conditions and will be cancelled if the performance or other conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the Award in any communication regarding the Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance conditions have been satisfied. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the Award unless and until the Award is vested and settled in shares of Common Stock.View More
Variations of a "Terms and Conditions" Clause from Business Contracts
Terms and Conditions. The terms, conditions, and restrictions applicable to the this Award are specified in the Plan and this grant notification Award Agreement, including Exhibit A - Award Rules and agreement, including Exhibits A, Exhibit B - Section 280G Rules, and C (the "Award Agreement"). summarized in the Plan prospectus and any applicable prospectus supplement (together, the "Prospectus"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, ves...ting, cancellation cancellation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") Prospectus and that he or she has read and understands the Prospectus. The Prospectus summarizes the material provisions of the Plan. The summary in the Prospectus is not complete and is qualified in its entirety by reference to the provisions of the Plan. You should consult the Plan and the terms of this Award Agreement for more complete information about this Award. The Plan and Award Agreement, in that order, shall govern any inconsistency between the Prospectus on the one hand, and the Plan and the Award Agreement on the other.The Participant understands that the this Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the this Award is contingent, and depends on on, the future financial performance market price of the Company, Shares, among other factors. The Participant further confirms his or her the Participant's understanding that the this Award is intended to promote employee retention and stock ownership and to align participants' employees' interests with those of shareholders. Additionally, the Participant understands that the Award shareholders, is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the this Award in any communication regarding the this Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the this Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. satisfied; and (d) Award Shares shall be subject to lock-up restrictions as described in Section 16 of this Award Agreement. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the this Award unless and until the this Award is vested and settled in shares of Common Stock. Shares. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the this Award are specified in the Plan and this grant notification Award Agreement, including Exhibit A – Section 280G Rules, and agreement, including Exhibits A, B summarized in the Plan prospectus and C (the "Award Agreement"). any applicable prospectus supplement (together, the "Prospectus"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, vesting, cancellation cancell...ation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") Prospectus and that he or she has read and understands the Prospectus. The Prospectus summarizes the material provisions of the Plan. The summary in the Prospectus is not complete and is qualified in its entirety by reference to the provisions of the Plan. You should consult the Plan and the terms of this Award Agreement for more complete information about this Award. The Plan and Award Agreement, in that order, shall govern any inconsistency between the Prospectus on the one hand, and the Plan and the Award Agreement on the other. The Participant understands that the this Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the this Award is contingent, and depends on on, the future financial performance market price of the Company, Shares, among other factors. The Participant further confirms his or her the Participant's understanding that the this Award is intended to promote employee retention and stock ownership and to align participants' employees' interests with those of shareholders. Additionally, the Participant understands that the Award shareholders, is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the this Award in any communication regarding the this Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the this Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. satisfied; and (d) Award Shares shall be subject to lock-up restrictions as described in Section 16 of this Award Agreement. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the this Award unless and until the this Award is vested and settled in shares of Common Stock. Shares. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the this Award are specified in the Plan and this grant notification Award Agreement, including Exhibit A - Section 280G Rules, and agreement, including Exhibits A, B summarized in the Plan prospectus and C (the "Award Agreement"). any applicable prospectus supplement (together, the "Prospectus"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, vesting, cancellation cancell...ation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") Prospectus and that he or she has read and understands the Prospectus. The Prospectus summarizes the material provisions of the Plan. The summary in the Prospectus is not complete and is qualified in its entirety by reference to the provisions of the Plan. You should consult the Plan and the terms of this Award Agreement for more complete information about this Award. The Plan and Award Agreement, in that order, shall govern any inconsistency between the Prospectus on the one hand, and the Plan and the Award Agreement on the other.The Participant understands that the this Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the this Award is contingent, and depends on on, the future financial performance market price of the Company, Shares, among other factors. The Participant further confirms his or her the Participant's understanding that the this Award is intended to promote employee retention and stock ownership and to align participants' employees' interests with those of shareholders. Additionally, the Participant understands that the Award shareholders, is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the this Award in any communication regarding the this Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the this Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. satisfied; and (d) Award Shares shall be subject to lock-up restrictions as described in Section 16 of this Award Agreement. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the this Award unless and until the this Award is vested and settled in shares of Common Stock. Shares. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the this Award are specified in the Plan Plan, this Award Agreement, including Exhibit A – Award Rules and this grant notification Exhibit B – Section 280G Rules, and agreement, including Exhibits A, B the prospectus dated October, 2013 and C (the "Award Agreement"). any applicable prospectus supplement (together, the "Prospectus"). The terms, conditions and restrictions in the Plan and Prospectus include, but are not limited to, provisions r...elating to amendment, vesting, cancellation cancellation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") Prospectus and that he or she has read and understands the Prospectus. The Prospectus.The Participant understands that the this Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the this Award is contingent, and depends on on, the future financial performance market price of the Company, Shares, among other factors. The Participant further confirms his or her the Participant's understanding that the this Award is intended to promote employee retention and stock ownership and to align participants' employees' interests with those of shareholders. Additionally, the Participant understands that the Award shareholders, is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the this Award in any communication regarding the this Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the this Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. satisfied; and (d) Award Shares shall be subject to lock-up restrictions as described in Section 16 of this Award Agreement. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the this Award unless and until the this Award is vested and settled in shares of Common Stock. Shares. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the Award are specified in the Plan and this grant notification and agreement, including Exhibits A, B and C Exhibit A (the "Award Agreement"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, vesting, cancellation cancellation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepti...ng this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 3, 2015 and any applicable prospectus supplement thereto (together, the "Prospectus") and that he or she has read and understands the Prospectus. The Participant understands that this Award is granted pursuant to the Award terms of a Non-Competition Agreement by and among the Participant, the Company, and The Travelers Indemnity Company (the "Non-Competition Agreement"); that all other incentive awards are entirely discretionary discretionary; and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the Award is contingent, contingent and depends on the future financial performance market price of the Company, Common Stock, among other factors. The Participant further confirms his or her understanding that the Award is intended to promote employee retention and stock ownership and to align participants' interests with those of shareholders. Additionally, the Participant understands that the Award is subject to performance conditions and will be cancelled if the performance or other conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the Award in any communication regarding the Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; and (b) receipt of the Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made to the Participant in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance conditions have been satisfied. future. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the Award unless and until the Award is vested and settled in shares of Common Stock. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the Award unless and until the Award is settled in shares of Common Stock; provided, however, that if the Company pays cash dividends on its shares while the Award is outstanding, the Participant shall be entitled to receive corresponding dividend equivalent cash payments based on the number of shares underlying the Award at the time when such regular cash dividends are paid. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the this Award are specified in the Plan Plan, this Award Agreement, including Exhibit A - Award Rules and this grant notification Exhibit B - Section 280G Rules, and agreement, including Exhibits A, B the prospectus dated January 2017 and C (the "Award Agreement"). any applicable prospectus supplement (together, the "Prospectus"). The terms, conditions and restrictions in the Plan and Prospectus include, but are not limited to, provisions re...lating to amendment, vesting, cancellation cancellation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By accepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 and any applicable prospectus supplement thereto (together, the "Prospectus") Prospectus and that he or she has read and understands the Prospectus. The Prospectus.The Participant understands that the this Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the this Award is contingent, and depends on on, the future financial performance market price of the Company, Shares, among other factors. The Participant further confirms his or her the Participant's understanding that the this Award is intended to promote employee retention and stock ownership and to align participants' employees' interests with those of shareholders. Additionally, the Participant understands that the Award shareholders, is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the this Award in any communication regarding the this Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the this Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. satisfied; and (d) Award Shares shall be subject to lock-up restrictions as described in Section 16 of this Award Agreement. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the this Award unless and until the this Award is vested and settled in shares of Common Stock. Shares. View More
Terms and Conditions. The terms, conditions, and restrictions applicable to the Award are specified in the Plan and this grant notification and agreement, including Exhibits A, B A and C B, as amended (the "Award Agreement"). The terms, conditions and restrictions in the Plan include, but are not limited to, provisions relating to amendment, vesting, cancellation cancellation, and settlement, all of which are hereby incorporated by reference into this Award Agreement to the extent not otherwise set forth herein. By a...ccepting this the Award, the Participant acknowledges receipt of the prospectus dated February 2, 2016 May 18, 2017 and any applicable prospectus supplement thereto (together, the "Prospectus") and that he or she has read and understands the Prospectus. The Participant understands that the Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the Award is contingent, and depends on the future financial performance market price of the Company, Common Stock, among other factors. The Participant further confirms his or her understanding that the Award is intended to promote employee retention and stock ownership and to align participants' interests with those of shareholders. Additionally, the Participant understands that the Award is subject to performance vesting conditions and will be cancelled if the performance or other vesting conditions are not satisfied. Thus, the Participant understands that (a) any monetary value assigned to the Award in any communication regarding the Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or determinable cash value to the Participant; (b) receipt of the Award or any incentive award in the past is neither an indication nor a guarantee that an incentive award of any type or amount will be made in the future, and that absent a written agreement to the contrary, the Company is free to change its practices and policies regarding incentive awards at any time; and (c) performance vesting may be subject to confirmation and final determination by the Company's Board of Directors or its Compensation Committee (the "Committee") that the performance vesting conditions have been satisfied. The Participant shall have no rights as a stockholder of the Company with respect to any shares covered by the Award unless and until the Award is vested and settled in shares of Common Stock. Stock; provided, however, that if the Company pays cash dividends on its shares while the Award is outstanding, the Participant shall be entitled to receive corresponding dividend equivalent cash payments based on the number of shares underlying the Award at the time when such regular cash dividends are paid. 1 3. Vesting. The Award shall vest in full on the Vesting Date set forth above provided the Participant remains continuously employed within the Travelers Group through such Vesting Date. If the Participant has a termination of, or leave from active employment prior to the Vesting Date, the Participant's rights are determined under the Award Rules of Exhibit A. View More
