Exclusion of Claim. The Executive acknowledges and agrees that the Executive will have no entitlement to compensation or damages, insofar as such entitlement arises or may arise from the Executive’s ceasing to have rights under or to be entitled to exercise the Option as a result of such termination (whether the termination is in breach of contract or otherwise), or from the loss or diminution in value of the Option. Upon the grant of the Option, the Executive shall be deemed to have irrevocably waived any such entitlement.
Appears in 4 contracts
Samples: Stock Option Agreement (Grainger W W Inc), Stock Option Agreement (Grainger W W Inc), Stock Option Agreement (Grainger W W Inc)
Exclusion of Claim. The Executive acknowledges and agrees that the Executive will have no entitlement to compensation or damages, insofar as such entitlement arises or may arise from the Executive’s ceasing to have rights under or to be entitled to exercise vest in the Option RSUs as a result of such termination (whether the termination is in breach of contract or otherwise), or from the loss or diminution in value of the OptionRSUs. Upon the grant of the OptionRSUs, the Executive shall be deemed to have irrevocably waived any such entitlement.
Appears in 3 contracts
Samples: Restricted Stock Unit Agreement (Grainger W W Inc), Restricted Stock Unit Agreement (Grainger W W Inc), Restricted Stock Unit Agreement (Grainger W W Inc)
Exclusion of Claim. The Executive acknowledges and agrees that the Executive will have no entitlement to compensation or damages, insofar as such entitlement arises or may arise from the Executive’s ceasing to have rights under or to be entitled to exercise vest in the Option Performance Shares as a result of such termination (whether the termination is in breach of contract or otherwise), or from the loss or diminution in value of the OptionPerformance Shares. Upon the grant of the OptionPerformance Shares, the Executive shall be deemed to have irrevocably waived any such entitlement.
Appears in 2 contracts
Samples: Performance Share Agreement (Grainger W W Inc), Performance Share Agreement (Grainger W W Inc)
Exclusion of Claim. The Executive acknowledges and agrees that the Executive will have no entitlement to compensation or damages, insofar as such entitlement arises or may arise from the Executive’s ceasing to have rights under or to be entitled to exercise the Option as a result of such termination (whether the termination is in breach of contract or otherwise), or from the loss or diminution in value of the Option. Upon the grant of the Option, the Executive shall be deemed to have irrevocably waived any such entitlement.to
Appears in 1 contract
Exclusion of Claim. The Executive acknowledges and agrees that the Executive will have no entitlement to compensation or damages, insofar as such entitlement arises or may arise from the Executive’s ceasing to have rights under or to be entitled to exercise vest in the Option RSUs as a result of such termination (whether the termination is in breach of contract or otherwise), or from the loss or diminution in value of the Option. Upon the grant of the Option, the Executive shall be deemed to have irrevocably waived any such entitlement.from
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (W.W. Grainger, Inc.)
