Common use of Commercial Relationship Clause in Contracts

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option does not constitute an employment relationship between you and the Company. You have been granted the Option as a consequence of the commercial relationship between the Company and the Affiliate in Mexico that employs you, and the Company’s Affiliate in Mexico is your sole employer. Based on the foregoing, you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate in Mexico that employs you.

Appears in 9 contracts

Samples: Stock Option Award Agreement, Stock Option Award Agreement, Stock Option Award Agreement (Walgreens Boots Alliance, Inc.)

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Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Award does not constitute an employment relationship between you and the Company. You have been granted the Option Award as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employerEmployer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 8 contracts

Samples: Performance Share Award Agreement (Ingredion Inc), Stock Option Agreement (Ingredion Inc), Global Restricted Stock Unit Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option does not constitute an employment relationship between you and the Company. You have been granted the Option as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do does not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 7 contracts

Samples: Stock Option Award Agreement (Ingredion Inc), Stock Option Award Agreement (Ingredion Inc), Stock Option Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option does Restricted Stock Units do not constitute an employment relationship between you and the Company. You have been granted the Option Restricted Stock Units as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 4 contracts

Samples: Restricted Stock Units Award Agreement (Ingredion Inc), Restricted Stock Units Award Agreement, Restricted Stock Units Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Performance Shares does not constitute an employment relationship between you and the Company. You have been granted the Option Performance Shares as a consequence of the commercial relationship between the Company and the Affiliate in Mexico that employs you, and the Company’s Affiliate in Mexico is your sole employer. Based on the foregoing, you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate in Mexico that employs you.

Appears in 3 contracts

Samples: Performance Share Award Agreement (Walgreens Boots Alliance, Inc.), Performance Share Award Agreement (Walgreens Boots Alliance, Inc.), Performance Share Award Agreement (Walgreens Boots Alliance, Inc.)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option does do not constitute an employment relationship between you and the Company. You have been granted the Option as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Ingredion Inc), Stock Option Award Agreement (Ingredion Inc), Stock Option Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Award does not constitute an employment relationship between you and the Company. You have been granted the Option Award as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Stock Option Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Award does not constitute an employment relationship between you and the Company. You have been granted the Option Award as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, you expressly recognize that (a) you expressly ​ recognize the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Ingredion Inc)

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Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s 's grant of the Option Units does not constitute an employment relationship between you and the Company. You have been granted the Option Units as a consequence of the commercial relationship between the Company and the Company's Affiliate in Mexico that employs you, and the Company’s 's Affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do does not establish any rights between you and the Company’s 's Affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s 's Affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s 's Affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Global Deferred Stock Unit Award Agreement (Boston Scientific Corp)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option does not constitute create an employment relationship between you and the Company. You have been The Company has granted you the Option as a consequence of the commercial relationship between the Company and the Affiliate Company’s Subsidiary in Mexico that employs youyou (i.e., the Employer), and the Company’s Affiliate Subsidiary in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do does not establish any rights between you and the Company’s Affiliate in Mexico that employs youEmployer, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate in Mexico that employs youEmployer, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate in Mexico that employs youEmployer.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Hillenbrand, Inc.)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Performance Shares does not constitute an employment relationship between you and the Company. You have been granted the Option Performance Shares as a consequence of the commercial relationship between the Company and the Affiliate in Mexico that employs you, and the Company’s Affiliate in Mexico is your sole employer. Based on the foregoing, you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Performance Share Award Agreement (Walgreens Boots Alliance, Inc.)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Award does not constitute an employment relationship between you and the Company. You have been granted the Option Award as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Performance Share Award Agreement (Ingredion Inc)

Commercial Relationship. You expressly recognize that your participation in the Plan and the Company’s grant of the Option Award does not constitute an employment relationship between you and the Company. You have been granted the Option Award as a consequence of the commercial relationship between the Company and the Affiliate Company’s affiliate in Mexico that employs you, and the Company’s Affiliate local affiliate in Mexico is your sole employer. Based on the foregoing, (a) you expressly recognize that (a) the Plan and the benefits you may derive from your participation in the Plan do not establish any rights between you and the Company’s Affiliate affiliate in Mexico that employs you, (b) the Plan and the benefits you may derive from your participation in the Plan are not part of the employment conditions and/or benefits provided by the Company’s Affiliate affiliate in Mexico that employs you, and (c) any modifications or amendments of the Plan by the Company, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of your employment with the Company’s Affiliate affiliate in Mexico that employs you.

Appears in 1 contract

Samples: Performance Share Award Agreement (Ingredion Inc)

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