Certain Conditions of the Award Clause Samples
The 'Certain Conditions of the Award' clause defines specific requirements or circumstances that must be met for an award—such as a grant, contract, or prize—to be valid or take effect. Typically, this clause outlines eligibility criteria, compliance obligations, or performance benchmarks that recipients must satisfy, such as submitting required documentation or achieving project milestones. Its core practical function is to ensure that the award is only granted or maintained when all stipulated conditions are fulfilled, thereby protecting the interests of the awarding party and promoting accountability.
Certain Conditions of the Award. By accepting the Award, the Participant acknowledges and agrees that:
Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that:
(a) The 2018 SIP is established voluntarily by the Company, it is discretionary in nature and it may be amended, altered or discontinued by the Company at any time;
(b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company;
(c) The Award and the Participant’s participation in the 2018 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any Subsidiary;
(d) The Participant is voluntarily participating in the 2018 SIP; and
(e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.
Certain Conditions of the Award. This provision supplements the “Certain Conditions of the Award” section of this Agreement: By accepting the Award, the Participant acknowledges and agrees that (i) the Participant is making an investment decision and iii) the value of the underlying Shares is not fixed and may increase or decrease over the vesting period without compensation to the Participant.
Certain Conditions of the Award. Local Law refers to the laws, rules and regulations of the country of which the Participant is a resident. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with Local Law. Further, in accepting the Award, the Participant acknowledges that:
Certain Conditions of the Award. In accepting the Award, the Non-Employee Director acknowledges that:
Certain Conditions of the Award. By accepting the Award, the Participant acknowledges and agrees that: Omnibus Equity Incentive Plan - RSU Agreement - 2 Rev. Jun. 2022
Certain Conditions of the Award