Participant Acknowledgements. The following terms apply to the grant of the RSUs hereunder. By accepting the Award, the Participant irrevocably agrees and acknowledges in favor of the Company (on its own behalf and as an agent for the Company’s Subsidiaries) that: (a) The Participant does not have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of employees, directors, consultants, advisors, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Board maintains the right to make available future grants under the Plan. (b) The grant of this Award does not give the Participant the right to be retained in the employ of, or to continue to provide services to, the Company or any of its Subsidiaries. The Company or the applicable Subsidiary may at any time dismiss the Participant, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in any other agreement binding the Participant and the Company. The Participant’s receipt of this Award under the Plan is not intended to confer any rights to the Participant except as set forth in this Award Agreement. (c) Awards under, and the Participant’s participation in, the Plan do not form part of the Participant’s remuneration for the purposes of determining payments in lieu of notice of termination of the Participant’s employment , severance payments, leave entitlements, or any other compensation payable to the Participant and no Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group insurance, welfare or benefit plan of the Company or any of its Subsidiaries. (d) The Company and its Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences of any Award or participation in the Plan and the Participant is strongly advised to seek the Participant’s own professional legal and taxation advice concerning the impact of the Plan and the Participant’s Award. (e) The future value of the underlying Common Shares is unknown and cannot be predicted with certainty and the Common Shares may increase or decrease in value. (f) The Participant has no entitlement to compensation or damages as a result of any loss or diminution in value of Common Shares or any other rights acquired pursuant to the Plan, including, without limitation, as a result of the termination of the Participant’s employment by the Company or any of its Subsidiaries for any reason whatsoever and whether or not in breach of contract.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (General Motors Co)
Participant Acknowledgements. The following terms apply to the grant of the RSUs hereunder. By In accepting the Restricted Stock Unit Award, the Participant irrevocably acknowledges and agrees and acknowledges in favor of the Company (on its own behalf and as an agent for the Company’s Subsidiaries) that:
(a) The Participant does Any notice period mandated under Applicable Law shall not have be treated as service for the purpose of determining the vesting of the Restricted Stock Unit Award; and Participant’s right to vesting of Shares in settlement of the Restricted Stock Unit Award after termination of service, if any, will be measured by the date of termination of Participant’s active service and will not be extended by any claim notice period mandated under Applicable Law. Subject to be granted any Award under the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether Participant’s service has terminated and there is no obligation for uniformity the effective date of treatment of employees, directors, consultants, advisors, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Board maintains the right to make available future grants under the Plansuch termination.
(b) The grant of this Award does not give Plan is established voluntarily by the Participant the right to Company. It is discretionary in nature and it may be retained in the employ ofmodified, amended, suspended or to continue to provide services to, terminated by the Company or any of its Subsidiaries. The Company or the applicable Subsidiary may at any time dismiss the Participant, free from any liability, or any claim under the Plantime, unless otherwise expressly provided in the Plan or in any other agreement binding the Participant and the Company. The Participant’s receipt of this Award under the Plan is not intended to confer any rights to the Participant except as set forth in this Award Agreement.
(c) Awards under, and the Participant’s participation in, the Plan do not form part The grant of the Participant’s remuneration for the purposes Restricted Stock Unit Award is voluntary and occasional and does not create any contractual or other right to receive future grants of determining payments restricted stock unit awards or other Awards, or benefits in lieu of notice of termination restricted stock unit awards or other Awards, even if restricted stock unit awards or other Awards have been granted repeatedly in the past. All decisions with respect to future restricted stock unit award grants or other Award grants, if any, will be at the sole discretion of the Participant’s employment , severance payments, leave entitlements, or any other compensation payable to the Participant and no Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group insurance, welfare or benefit plan of the Company or any of its SubsidiariesCompany.
(d) The Company and its Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences of any Award or Neither this Agreement nor Participant’s participation in the Plan and (i) constitutes a contract of employment or guarantee of employment of Participant for any length of time; (ii) creates a right to further service with the Participant is strongly advised Company, a Subsidiary or another Affiliate; or (iii) shall limit or interfere in any way with the right of the Company, a Subsidiary or another Affiliate to seek the terminate Participant’s own professional legal and taxation advice concerning the impact of the Plan and the Participant’s Awardservice at any time, with or without Cause, subject to Applicable Law.
(e) Participant is voluntarily participating in the Plan.
(f) The Restricted Stock Unit Award is (i) an extraordinary item that does not constitute compensation of any kind for service of any kind rendered to the Company or any Affiliate, and which is outside the scope of Participant’s employment contract, if any; and (ii) not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, end-of-service payments, bonuses, long-service options, pension or retirement benefits or similar payments.
(g) The future value of the underlying Common Shares is unknown and cannot be predicted with certainty and certainty. The value of the Common Shares may increase or decrease in valuedecrease.
(fh) The Participant has no No claim or entitlement to compensation or damages as a result arises from termination of any loss the Restricted Stock Unit Award or diminution in value of Common the Restricted Stock Unit Award or Shares or and Participant irrevocably releases the Company and any other rights acquired pursuant Affiliates from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to the Planhave arisen then, includingby signing this Agreement, without limitation, as a result of the termination of the Participant shall be deemed irrevocably to have waived Participant’s employment by the Company or any of its Subsidiaries for any reason whatsoever and whether or not in breach of contractentitlement to pursue such a claim.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (Teleflex Inc)
Participant Acknowledgements. The following terms apply to the grant of the RSUs hereunder. By In accepting the AwardOption, the Participant irrevocably acknowledges and agrees and acknowledges in favor of the Company (on its own behalf and as an agent for the Company’s Subsidiaries) that:
(a) The Participant does Any notice period mandated under Applicable Law shall not have be treated as service for the purpose of determining the vesting of the Option; and Participant’s right to vesting of the Option after termination of service, if any, will be measured by the date of termination of Participant’s active service and will not be extended by any claim notice period mandated under Applicable Law. Subject to be granted any Award under the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether Participant’s service has terminated and there is no obligation for uniformity the effective date of treatment of employees, directors, consultants, advisors, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Board maintains the right to make available future grants under the Plansuch termination.
(b) The grant of this Award does not give Plan is established voluntarily by the Participant the right to Company. It is discretionary in nature, and it may be retained in the employ ofmodified, amended, suspended or to continue to provide services to, terminated by the Company or any of its Subsidiaries. The Company or the applicable Subsidiary may at any time dismiss the Participant, free from any liability, or any claim under the Plantime, unless otherwise expressly provided in the Plan or in any other agreement binding the Participant and the Company. The Participant’s receipt of this Award under the Plan is not intended to confer any rights to the Participant except as set forth in this Award Agreement.
(c) Awards under, and the Participant’s participation in, the Plan do not form part The grant of the Participant’s remuneration for the purposes Option is voluntary and occasional and does not create any contractual or other right to receive future grants of determining payments options or other Awards, or benefits in lieu of notice of termination options or other Awards, even if options or other Awards have been granted repeatedly in the past. All decisions with respect to future Option grants or other Award grants, if any, will be at the sole discretion of the Participant’s employment , severance payments, leave entitlements, or any other compensation payable to the Participant and no Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group insurance, welfare or benefit plan of the Company or any of its SubsidiariesCompany.
(d) The Company and its Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences of any Award or Neither this Agreement nor Participant’s participation in the Plan and (i) constitutes a contract of employment or guarantee of employment of Participant for any length of time; (ii) creates a right to further service with the Participant is strongly advised Company, a Subsidiary or another Affiliate; or (iii) shall limit or interfere in any way with the right of the Company, a Subsidiary or another Affiliate to seek the terminate Participant’s own professional legal and taxation advice concerning the impact of the Plan and the Participant’s Awardservice at any time, with or without Cause, subject to Applicable Law.
(e) Participant is voluntarily participating in the Plan.
(f) The Option is (i) an extraordinary item that does not constitute compensation of any kind for service of any kind rendered to the Company or any Affiliate, and which is outside the scope of Participant’s employment contract, if any; and (ii) not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, end-of-service payments, bonuses, long-service options, pension or retirement benefits or similar payments.
(g) The future value of the underlying Common Shares is unknown and cannot be predicted with certainty and certainty. The value of the Common Shares may increase or decrease in valuedecrease.
(fh) The Participant has no No claim or entitlement to compensation or damages as a result arises from termination of any loss the Option or diminution in value of Common the Option or Shares or and Participant irrevocably releases the Company and any other rights acquired pursuant Affiliates from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to the Planhave arisen then, includingby signing this Agreement, without limitation, as a result of the termination of the Participant shall be deemed irrevocably to have waived Participant’s employment by the Company or any of its Subsidiaries for any reason whatsoever and whether or not in breach of contractentitlement to pursue such a claim.
Appears in 1 contract
Participant Acknowledgements. The following terms apply to the grant of the RSUs Option hereunder. By accepting the Award, Award the Participant irrevocably agrees and acknowledges in favor of the Company (on its own behalf and as an agent for the Company’s Subsidiaries) that:
(a) The Participant does not have any claim to be granted any Award under the Plan, and there is no obligation for uniformity of treatment of employees, directors, consultants, advisors, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Board maintains the right to make available future grants under the Plan.
(b) The grant of this Award Option does not give the Participant the right to be retained in the employ of, or to continue to provide services to, the Company or any of its Subsidiaries. The Company or the applicable Subsidiary may at any time dismiss the Participant, free from any liability, or any claim under the Plan, unless otherwise expressly provided in the Plan or in any other agreement binding the Participant and the Company. The Participant’s receipt of this Award Option under the Plan is not intended to confer any rights to the Participant except as set forth in this Award Agreement.
(c) Awards under, and the Participant’s participation in, the Plan do not form part of the Participant’s remuneration for the purposes of determining payments in lieu of notice of termination of the Participant’s employment employment, severance payments, leave entitlements, or any other compensation payable to the Participant Participant, and no Award, payment, or other right or benefit, benefit under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group insurance, welfare or benefit plan of the Company or any of its Subsidiaries.
(d) The Company and its Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences of any Award or participation in the Plan and the Participant is strongly advised to seek the Participant’s own professional legal and taxation advice concerning the impact of the Plan and the Participant’s Award.
(e) The future value of the underlying Common Shares is unknown and cannot be predicted with certainty certainty, and the Common Shares may increase or decrease in value.
(f) The Participant has no entitlement to compensation or damages as a result of any loss or diminution in value of Common Shares or any other rights acquired pursuant to the Plan, including, without limitation, as a result of the termination of the Participant’s employment by the Company or any of its Subsidiaries for any reason whatsoever and whether or not in breach of contract.
(g) The Participant has read this Award Agreement, its Exhibits and the Plan carefully and understands their terms.
Appears in 1 contract
Participant Acknowledgements. The following terms apply to the grant of the RSUs hereunder. By In accepting the Performance Stock Unit Award, the Participant irrevocably acknowledges and agrees and acknowledges in favor of the Company (on its own behalf and as an agent for the Company’s Subsidiaries) that:
(a) The Participant does Any notice period mandated under Applicable Law shall not have be treated as service for the purpose of determining the vesting of the Performance Stock Unit Award; and Participant’s right to vesting of Shares in settlement of the Performance Stock Unit Award after termination of service, if any, will be measured by the date of termination of Participant’s active service and will not be extended by any claim notice period mandated under Applicable Law. Subject to be granted any Award under the foregoing and the provisions of the Plan, the Company, in its sole discretion, shall determine whether Participant’s service has terminated and there is no obligation for uniformity the effective date of treatment of employees, directors, consultants, advisors, Participants, or holders or beneficiaries of Awards under the Plan. The terms and conditions of Awards need not be the same with respect to each recipient. Any Award granted under the Plan shall be a one-time Award that does not constitute a promise of future grants. The Board maintains the right to make available future grants under the Plansuch termination.
(b) The grant of this Award does not give Plan is established voluntarily by the Participant the right to Company. It is discretionary in nature, and it may be retained in the employ ofmodified, amended, suspended or to continue to provide services to, terminated by the Company or any of its Subsidiaries. The Company or the applicable Subsidiary may at any time dismiss the Participant, free from any liability, or any claim under the Plantime, unless otherwise expressly provided in the Plan or in any other agreement binding the Participant and the Company. The Participant’s receipt of this Award under the Plan is not intended to confer any rights to the Participant except as set forth in this Award Agreement.
(c) Awards under, and the Participant’s participation in, the Plan do not form part The grant of the Participant’s remuneration for the purposes Performance Stock Unit Award is voluntary and occasional and does not create any contractual or other right to receive future grants of determining payments performance stock unit awards or other Awards or benefits in lieu of notice of termination performance stock unit awards or other Awards, even if performance stock unit awards or other Awards have been granted repeatedly in the past. All decisions with respect to future performance stock unit award grants or other Award grants, if any, will be at the sole discretion of the Participant’s employment , severance payments, leave entitlements, or any other compensation payable to the Participant and no Award, payment, or other right or benefit, under the Plan will be taken into account in determining any benefits under any pension, retirement, savings, profit-sharing, group insurance, welfare or benefit plan of the Company or any of its SubsidiariesCompany.
(d) The Company and its Subsidiaries, their respective affiliates, officers and employees make no representation concerning the financial benefit or taxation consequences of any Award or Neither this Agreement nor Participant’s participation in the Plan and (i) constitutes a contract of employment or guarantee of employment of Participant for any length of time; (ii) creates a right to further service with the Participant is strongly advised Company, a Subsidiary or another Affiliate; or (iii) shall limit or interfere in any way with the right of the Company, a Subsidiary or another Affiliate to seek the terminate Participant’s own professional legal and taxation advice concerning the impact of the Plan and the Participant’s Awardservice at any time, with or without Cause, subject to Applicable Law.
(e) Participant is voluntarily participating in the Plan.
(f) The Performance Stock Unit Award is (i) an extraordinary item that does not constitute compensation of any kind for service of any kind rendered to the Company or any Affiliate, and which is outside the scope of Participant’s employment contract, if any; and (ii) not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, end-of-service payments, bonuses, long-service options, pension or retirement benefits or similar payments.
(g) The future value of the underlying Common Shares is unknown and cannot be predicted with certainty and certainty. The value of the Common Shares may increase or decrease in valuedecrease.
(fh) The Participant has no No claim or entitlement to compensation or damages as a result arises from termination of any loss the Performance Stock Unit Award or diminution in value of Common the Performance Stock Unit Award or Shares or and Participant irrevocably releases the Company and any other rights acquired pursuant Affiliates from any such claim that may arise. If, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to the Planhave arisen then, includingby signing this Agreement, without limitation, as a result of the termination of the Participant shall be deemed irrevocably to have waived Participant’s employment by the Company or any of its Subsidiaries for any reason whatsoever and whether or not in breach of contractentitlement to pursue such a claim.
Appears in 1 contract
Sources: Performance Stock Unit Award Agreement (Teleflex Inc)