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.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Lsi Corp), Nonqualified Stock Option Agreement (Lsi Corp), Nonqualified Stock Option Agreement (Lsi Corp)
