Common use of Extraordinary Item of Compensation Clause in Contracts

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 8 contracts

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

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Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option this Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option This Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 8 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the CompanyTyson, as well as your free and voluntary decision to participate in the Plan in accordance accord with the terms and conditions of the Plan, the Award Agreement Agreement, and this Addendum. As such, you acknowledge and agree that the Company Tyson may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the your Employer.

Appears in 6 contracts

Samples: Restricted Stock Units Award Agreement (Tyson Foods, Inc.), Restricted Stock Units Award Agreement (Tyson Foods, Inc.), Restricted Stock Units Award Agreement (Tyson Foods, Inc.)

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.. ​

Appears in 5 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, Plan and the Award Agreement and including this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-long- service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 3 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, Plan and the Award Agreement and including this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 3 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, Plan and the Award Agreement and including this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.. ​

Appears in 3 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this AddendumAppendix. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 2 contracts

Samples: Stock Option Agreement (Idex Corp /De/), Restricted Stock Unit Award Agreement (Idex Corp /De/)

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Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 2 contracts

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

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. Schedule B. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Idex Corp /De/), Performance Share Unit Award Agreement (Idex Corp /De/)

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option Award is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option Award is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.. PERU

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement

Extraordinary Item of Compensation. You expressly recognize and acknowledge that your participation in the Plan is a result of the discretionary and unilateral decision of the Company, as well as your free and voluntary decision to participate in the Plan in accordance with the terms and conditions of the Plan, the Award Agreement and this Addendum. As such, you acknowledge and agree that the Company may, in its sole discretion, amend and/or discontinue your participation in the Plan at any time and without any liability. The value of the Option is an extraordinary item of compensation outside the scope of your employment contract, if any. The Option is not part of your regular or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits, or any similar payments, which are the exclusive obligations of the Employer.. ACTIVE 253423301

Appears in 1 contract

Samples: Stock Option Award Agreement (Ingredion Inc)

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