Effect Upon Employment and Performance of Services. This provision supplements Section 11 of the Performance Unit Agreement: The Recipient shall have no entitlement to compensation or damages in consequence of the termination of his or her employment with the Company or any employing subsidiary for any reason whatsoever and whether or not in breach of contract, in so far as such entitlement arises or may arise from his or her ceasing to have rights under the PU as a result of such termination or from the loss or diminution in value of the same and, upon grant, the Recipient shall be deemed irrevocably to have waived such entitlement.
Appears in 4 contracts
Samples: Performance Unit Agreement (Iron Mountain Inc), Performance Unit Agreement (Iron Mountain Inc), Performance Unit Agreement (Iron Mountain Inc)