Acknowledgment and Waiver. By [signing the Notice of Grant] [accepting this Award], you agree that: (a) Your participation in the Plan is voluntary. (b) Your option is not part of your normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, or end of service payments, bonuses, long-service awards, pension or retirement benefits, or similar payments, except as may be specifically provided for by the applicable plan or agreement. (c) The future value of the Shares subject to your option is unknown and cannot be predicted. It is possible that you will not make any money from this option. (d) This option does not create an employment relationship between you and any entity. (e) You have no right to make a claim of entitlement to compensation or damages because of the expiration or termination this option, or any diminution in value of the option, or Shares purchased under the Plan. If it should be determined that you did acquire any such rights, you irrevocably agree to release LSI and its Affiliates, officers and employees from any such claim to the extent permitted by applicable law. (f) The Plan will not be deemed to constitute, and you agree not to claim that the Plan constitutes, part of the terms and conditions of your employment with the Company, and the Company will not have any liability of any kind to you as a result of any change, amendment or termination of the Plan at any time unless and only to the extent that change, amendment or termination has an adverse effect on an Award you hold. (g) This option shall not be entitled to any acceleration of vesting or exercisability under any plan or policy of the LSI providing for the acceleration of vesting or exercisability of equity awards following a change in control, where such acceleration would otherwise be provided for under such plan or policy based, solely or in conjunction with any other event, on the acquisition of LSI by Avago Technologies Limited in accordance with the merger agreement dated as of December 15, 2013, as amended from time to time.
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Acknowledgment and Waiver. By [signing the Notice of Grant] [accepting this Award], you agree that:
(a) Your participation in the Plan is voluntary.
(b) Your option is not part of your normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, or end of service payments, bonuses, long-service awards, pension or retirement benefits, or similar payments, except as may be specifically provided for by the applicable plan or agreement.
(c) The future value of the Shares subject to your option is unknown and cannot be predicted. It is possible that you will not make any money from this option.
(d) This option does not create an employment relationship between you and any entity.
(e) You have no right to make a claim of entitlement to compensation or damages because of the expiration or termination this option, or any diminution in value of the option, or Shares purchased under the Plan. If it should be determined that you did acquire any such rights, you irrevocably agree to release LSI and its Affiliates, officers and employees from any such claim to the extent permitted by applicable law.
(f) The Plan will not be deemed to constitute, and you agree not to claim that the Plan constitutes, part of the terms and conditions of your employment with the Company, and the Company will not have any liability of any kind to you as a result of any change, amendment or termination of the Plan at any time unless and only to the extent that change, amendment or termination has an adverse effect on an Award you hold.
(g) This option shall not be entitled to any acceleration of vesting or exercisability under any plan or policy of the LSI providing for the acceleration of vesting or exercisability of equity awards following a change in control, where such acceleration would otherwise be provided for under such plan or policy based, solely or in conjunction with any other event, on the acquisition of LSI by Avago Technologies Limited in accordance with the merger agreement dated as of December 15, 2013, as amended from time to time.
Appears in 1 contract
Acknowledgment and Waiver. By [signing the Notice of Grant] [accepting this Award], you agree that:
(a) Your participation in the Plan is voluntary.
(b) Your option is Restricted Stock Units are not part of your normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, or end of service payments, bonuses, long-service awards, pension or retirement benefits, or similar payments, except as may be specifically provided for by the applicable plan or agreement.
(c) The future value of the Shares subject to your option the Restricted Stock Units is unknown and cannot be predicted. It is possible that you will not make any money from this option.
(d) This option award of Restricted Stock Units does not create an employment relationship between you and any entity.
(e) You have no right to make a claim of entitlement to compensation or damages because of the expiration or termination forfeiture of any portion of this option, or any diminution in value of the option, or Shares purchased under the PlanRestricted Stock Unit award. If it should be determined that you did acquire any such rights, you irrevocably agree to release LSI and its Affiliates, officers and employees from any such claim to the extent permitted by applicable law.
(f) The Plan will not be deemed to constitute, and you agree not to claim that the Plan constitutes, part of the terms and conditions of your employment with the Company, and the Company will not have any liability of any kind to you as a result of any change, amendment or termination of the Plan at any time unless and only to the extent that change, amendment or termination has an adverse effect on an any Award you hold.
(g) This option shall not be entitled to any acceleration of vesting or exercisability under any plan or policy of the LSI providing for the acceleration of vesting or exercisability of equity awards following a change in control, where such acceleration would otherwise be provided for under such plan or policy based, solely or in conjunction with any other event, on the acquisition of LSI by Avago Technologies Limited in accordance with the merger agreement dated as of December 15, 2013, as amended from time to time.
Appears in 1 contract
Acknowledgment and Waiver. By [signing the Notice of Grant] [accepting this Award], you agree that:
(a) Your participation in the Plan is voluntary.
(b) Your option is Restricted Stock Units are not part of your normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, or end of service payments, bonuses, long-service awards, pension or retirement benefits, or similar payments, except as may be specifically provided for by the applicable plan or agreement.
(c) The future value of the Shares subject to your option the Restricted Stock Units is unknown and cannot be predicted. It is possible that you will not make any money from this option.
(d) This option award of Restricted Stock Units does not create an employment relationship between you and any entity.
(e) You have no right to make a claim of entitlement to compensation or damages because of the expiration or termination forfeiture of any portion of this option, or any diminution in value of the option, or Shares purchased under the PlanRestricted Stock Unit award. If it should be determined that you did acquire any such rights, you irrevocably agree to release LSI and its Affiliates, officers and employees from any such claim to the extent permitted by applicable law.
(f) The Plan will not be deemed to constitute, and you agree not to claim that the Plan constitutes, part of the terms and conditions of your employment with the Company, and the Company will not have any liability of any kind to you as a result of any change, amendment or termination of the Plan at any time unless and only to the extent that change, amendment or termination has an adverse effect on an any Award you hold.
(g) This option Restricted Stock Unit award shall not be entitled to any acceleration of vesting or exercisability under any plan or policy of the LSI providing for the acceleration of vesting or exercisability of equity awards following a change in control, where such acceleration would otherwise be provided for under such plan or policy based, solely or in conjunction with any other event, on the acquisition of LSI by Avago Technologies Limited in accordance with the merger agreement dated as of December 15, 2013, as amended from time to time.
Appears in 1 contract