Common use of Commercial Relationship Clause in Contracts

Commercial Relationship. The Participant expressly recognizes that Participant’s participation in the Plan and the Company’s grant of the Deferred Units does not constitute an employment relationship between Participant and the Company. The Participant has been granted the Deferred Units as a consequence of the commercial relationship between the Company and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes the Plan and the benefits the Participant may derive from participation in the Plan does not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, 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 Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes that the Participant’s participation in the Plan and the Company’s grant of the Deferred Units Performance Shares does not constitute an employment relationship between the Participant and the Company. The Participant has been granted the Deferred Units Performance Shares as a consequence of the commercial relationship between the Company and the Employer, and the Company’s Employer is the Participant’s sole employerEmployer. Based on the foregoing, (a) the Participant expressly recognizes that the Plan and the benefits the Participant may derive from the Participant’s participation in the Plan does not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from the Participant’s participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, 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 the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes that the Participant’s participation in the Plan and the Company’s grant of the Deferred Units Restricted Shares does not constitute an employment relationship between the Participant and the Company. The Participant has been granted the Deferred Units Restricted Shares as a consequence of the commercial relationship between the Company and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, : (a) the Participant expressly recognizes the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, ; (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the any employment conditions and/or benefits provided by the Employer, and ; and (c) any modifications or amendments of the Plan by the CompanyCompany or the Committee, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes that the Participant’s participation in the Plan and the Company’s grant of the Deferred Units SARs does not constitute an employment relationship between the Participant and the Company. The Participant has been granted the Deferred Units SARs as a consequence of the commercial relationship between the Company and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that the Plan and the benefits the Participant may derive from the Participant’s participation in the Plan does not establish any rights between the Participant and the EmployerEmployer that employs the Participant, (b) the Plan and the benefits the Participant may derive from the Participant’s participation in the Plan are not part of the employment conditions and/or benefits provided by the EmployerEmployer that employs the Participant, 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 the Participant’s employment with the EmployerEmployer that employs the Participant.

Commercial Relationship. The Participant expressly recognizes that Participant’s participation in the 2022 Plan and the Company’s grant of the Deferred Units RSUs does not constitute an employment relationship between the Participant and the Company. The Participant has been granted the Deferred Units RSUs as a consequence of the commercial relationship between the Company and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that the 2022 Plan and the benefits the Participant may derive derived from participation in the 2022 Plan does do not establish any rights between the Participant and the Company or the Employer, (b) the 2022 Plan and the benefits the Participant may derive derived from participation in the 2022 Plan are not part of the employment conditions and/or benefits provided by the Company or the Employer, and (c) any modifications or amendments of to the 2022 Plan by the Company, or a termination of the 2022 Plan by the Company, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes that the Participant’s participation in the Plan and the Company’s grant of the Deferred Units Stock Options does not constitute an employment relationship between the Participant and the Company. The Participant has been granted the Deferred Units Stock Options as a consequence of the commercial relationship between the Company and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, : (a) the Participant expressly recognizes the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, ; (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the any employment conditions and/or benefits provided by the Employer, and ; and (c) any modifications or amendments of the Plan by the CompanyCompany or the Committee, or a termination of the Plan by the Company, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes acknowledges and agrees that the Participant’s participation in the Plan and the CompanyAxxxxxx’s grant of the Deferred Units RSEs does not constitute an employment relationship between the Participant and the CompanyAshland. The Participant has been granted the Deferred Units RSEs as a consequence of the commercial relationship between the Company Ashland and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that (a) the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, and (c) any modifications or amendments of the Plan by the CompanyAshland, or a termination of the Plan by the CompanyAshland, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes acknowledges and agrees that the Participant’s participation in the Plan and the CompanyAxxxxxx’s grant of the Deferred Performance Units does not constitute an employment relationship between the Participant and the CompanyAshland. The Participant has been granted the Deferred Performance Units as a consequence of the commercial relationship between the Company Ashland and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that (a) the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, and (c) any modifications or amendments of the Plan by the CompanyAshland, or a termination of the Plan by the CompanyAshland, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes acknowledges and agrees that the Participant’s participation in the Plan and the CompanyXxxxxxx’s grant of the Deferred Units PSUs does not constitute an employment relationship between the Participant and the CompanyAshland. The Participant has been granted the Deferred Units PSUs as a consequence of the commercial relationship between the Company Ashland and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that (a) the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, and (c) any modifications or amendments of the Plan by the CompanyAshland, or a termination of the Plan by the CompanyAshland, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.

Commercial Relationship. The Participant expressly recognizes acknowledges and agrees that the Participant’s participation in the Plan and the CompanyXxxxxxx’s grant of the Deferred Units RSEs does not constitute an employment relationship between the Participant and the CompanyAshland. The Participant has been granted the Deferred Units RSEs as a consequence of the commercial relationship between the Company Ashland and the Employer, and the Employer is the Participant’s sole employer. Based on the foregoing, (a) the Participant expressly recognizes that (a) the Plan and the benefits the Participant may derive from participation in the Plan does do not establish any rights between the Participant and the Employer, (b) the Plan and the benefits the Participant may derive from participation in the Plan are not part of the employment conditions and/or benefits provided by the Employer, and (c) any modifications or amendments of the Plan by the CompanyAshland, or a termination of the Plan by the CompanyAshland, shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Employer.