Common use of Addendums Clause in Contracts

Addendums. The Company may adopt addendums to this Agreement, which shall constitute part of this Agreement. Notwithstanding any provisions in this Agreement, the Restricted Stock Units will be subject to any country-specific terms set forth in an Addendum for the Recipient’s country of residence or employment. Moreover, if the Recipient relocates to one of the countries included in the Addendum, the terms for such country will apply to the Recipient, to the extent the Company determines that the application of such terms is necessary or advisable.

Appears in 5 contracts

Samples: Stock Compensation Plan (SPX Corp), 2002 Stock Compensation Plan (SPX Corp), 2002 Stock Compensation Plan (SPX Corp)

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Addendums. The Company may adopt addendums to this Agreement, which shall constitute part of this Agreement. Notwithstanding any provisions in this Agreement, the Restricted Stock Units will shall be subject to any country-specific terms set forth in an Addendum for the Recipient’s country of residence or employment. Moreover, if the Recipient relocates to one of the countries included in the Addendum, the terms for such country will shall apply to the Recipient, to the extent the Company determines that the application of such terms is necessary or advisable.

Appears in 2 contracts

Samples: SPX 2019 Stock Compensation Plan (SPX Technologies, Inc.), SPX 2019 Stock Compensation Plan (SPX Technologies, Inc.)

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