Common use of Acknowledgements of the Employee Clause in Contracts

Acknowledgements of the Employee. The Employee acknowledges and agrees that any entitlements granted and payments made in addition to the Base Salary, including, but not limited to any bonuses, participations, or gratuities of the Company or any Group Company (the Additional Payments) are not part of the salary legally or contractually owed by the Company and are made at full discretion of the Company or the Group Company granting such bonus, participation or gratuity. Any Additional Payments shall not create any obligation of the Company or any Group Company to make such Additional Payments in the future and shall not create any right or claim of the Employee to such Additional Payments in the future even if paid over consecutive years and without express reservation.

Appears in 2 contracts

Samples: Employment Agreement (Vaccitech PLC), Employment Agreement (uniQure N.V.)

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Acknowledgements of the Employee. The Employee acknowledges and agrees that any entitlements granted and payments made in addition to the Base Salary, including, but not limited to any bonuses, participations, or gratuities of the Company Employer or any another Group Company (the Additional Payments) are not part of the salary legally or contractually owed by the Company Employer and are made at full discretion of the Company Employer or the Group Company company granting such bonus, participation or gratuity, respectively. Any Additional Payments shall not create any obligation of the Company Employer or any other Group Company to make such Additional Payments in the future and shall not create any right or claim entitlement of the Employee to such Additional Payments in the future even if paid over consecutive years and without express reservation.

Appears in 1 contract

Samples: Employment Agreement (Vanda Pharmaceuticals Inc.)

Acknowledgements of the Employee. The Employee acknowledges and agrees that any entitlements granted granted, and payments made in addition to the Base Salary, including, but not limited to any bonuses, participations, or gratuities of the Company or any Group Company (the Additional Payments) are not part of the salary legally or contractually owed by the Company and are made at full discretion of the Company or the Group Company granting such bonus, participation or gratuity. Any Additional Payments shall not create any obligation of the Company or any Group Company to make such Additional Payments in the future and shall not create any right or claim of the Employee to such Additional Payments in the future even if paid over consecutive years and without express reservation.

Appears in 1 contract

Samples: Employment Agreement (uniQure N.V.)

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Acknowledgements of the Employee. The Employee acknowledges and agrees that any entitlements granted granted, and payments made in addition to the Base Salary, including, but not limited to any bonuses, participations, or gratuities of the Company or any Group Company (the Additional Payments) are not part of the salary legally or contractually owed by the Company and are made at full discretion of the Company or the Group Company granting such bonus, participation participation, or gratuity. Any Additional Payments shall not create any obligation of the Company or any Group Company to make such Additional Payments in the future and shall not create any right or claim of the Employee to such Additional Payments in the future even if paid over consecutive years and without express reservation.

Appears in 1 contract

Samples: First Amended Employment Agreement (uniQure N.V.)

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