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 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 Restricted Stock Units is unknown and cannot be predicted. (d) This 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 forfeiture of any portion of this Restricted 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.
Appears in 3 contracts
Sources: Restricted Stock Unit Agreement (Lsi Corp), Restricted Stock Unit Agreement (Lsi Corp), Restricted Stock Unit Agreement (Lsi Corp)