Common use of Effects of an Employment Contract; Waiver Clause in Contracts

Effects of an Employment Contract; Waiver. The Units are awarded by virtue of the Participant’s employment with, and services performed for, the appropriate entities within the Company Group. The existence of a contract of employment between the Participant and any entity within the Company Group will not confer upon the Participant any right or entitlement to participate in the Plan or to receive awards thereunder, or any expectation that the Participant might participate in the Plan or receive additional Plan awards in the future. Whether or not the Participant has a contract of employment with any entity within the Company Group, the Participant’s rights and obligations under the terms of the Participant’s office or employment shall not be affected by the Participant’s participation in the Plan. Subject to the terms of any applicable employment agreement, the Company Group reserves the right, in its sole discretion, to change the terms and conditions of the Participant’s employment including the division, subsidiary or department in which the Participant is employed. By accepting the Units, the Participant waives any and all rights to compensation or damages in consequence of the termination of the Participant’s office or employment for any reason whatsoever insofar as those rights arise or may arise from the Participant’s ceasing to have rights under, or be entitled to receive payment in respect of, the Units as a result of such termination, or from the loss or diminution in value of such rights or entitlements. This waiver applies whether or not such termination amounts to wrongful discharge or unfair dismissal.

Effects of an Employment Contract; Waiver. The Units are awarded by virtue of the Participant’s employment with, and services performed for, the appropriate entities within the Company Group. The existence of a contract of employment between the Participant and any entity within the Company Group will not confer upon the Participant any right or entitlement to participate in the Plan or to receive awards thereunder, or any expectation that the Participant might participate in the Plan or receive additional Plan awards in the future. Whether or not the Participant has a contract of employment with any entity within the Company Group, the Participant’s rights and obligations under the terms of the Participant’s office or employment shall not be affected by the Participant’s participation in the Plan. Subject to the terms of any applicable employment agreement, the Company Group reserves the right, in its sole discretion, to change the terms and conditions of the Participant’s employment including the division, subsidiary Subsidiary or department in which the Participant is employed. By accepting the Units, the Participant waives any and all rights to compensation or damages in consequence of the termination of the Participant’s office or employment for any reason whatsoever insofar as those rights arise or may arise from the Participant’s ceasing to have rights under, or be entitled to receive payment in respect of, the Units as a result of such termination, or from the loss or diminution in value of such rights or entitlements. This waiver applies whether or not such termination amounts to wrongful discharge or unfair dismissal.

Effects of an Employment Contract; Waiver. The Units are awarded by virtue of the Participant’s 's employment with, and services performed for, the appropriate entities within the Company Group. The existence of a contract of employment between the Participant and any entity within the Company Group will not confer upon the Participant any right or entitlement to participate in the Plan or to receive awards thereunder, or any expectation that the Participant might participate in the Plan or receive additional Plan awards in the future. Whether or not the Participant has a contract of employment with any entity within the Company Group, the Participant’s 's rights and obligations under the terms of the Participant’s 's office or employment shall not be affected by the Participant’s 's participation in the Plan. Subject to the terms of any applicable employment agreement, the Company Group reserves the right, in its sole discretion, to change the terms and conditions of the Participant’s 's employment including the division, subsidiary or department in which the Participant is employed. By accepting the Units, the Participant waives any and all rights to compensation or damages in consequence of the termination of the Participant’s 's office or employment for any reason whatsoever insofar as those rights arise or may arise from the Participant’s 's ceasing to have rights under, or be entitled to receive payment in respect of, the Units as a result of such termination, or from the loss or diminution in value of such rights or entitlements. This waiver applies whether or not such termination amounts to wrongful discharge or unfair dismissal.