Common use of Labor Law Acknowledgement Clause in Contracts

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 of the Agreement: The Employee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 12 of the Agreement: The Employee Optionee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the EmployeeOptionee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 12 of the Agreement: The Employee Optionee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the EmployeeOptionee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amount which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 12 of the Agreement: The Employee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amount which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section 9 of the Agreement: The Employee Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the EmployeeParticipant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section 15 of the Grant Agreement: The Employee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they The Plan and related benefits will not be included and/or and / or considered for purposes of calculating any and all labor benefits, such as legal/legal / fringe benefits, vacationsvacation, indemnities, payroll taxes, social insurance contributions and/or and / or any other labor-labor related amounts, subject to the limitations provided in Law 1393/2010amount which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section XI of the Agreement: The Employee acknowledges You acknowledge that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they are considered to be of an extraordinary nature and will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions indemnities and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amounts which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 of the Agreement: The Employee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amount which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section IX of the Agreement: The Employee acknowledges You acknowledge that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), the Plan Plan, the Program and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they are considered to be of an extraordinary nature and will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section XII of the Agreement: The Employee acknowledges You acknowledge that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), the Plan and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they are considered to be of an extraordinary nature and will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions indemnities and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amounts which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section IX of the Agreement: The Employee acknowledges You acknowledge that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), the Plan Plan, the Program and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they are considered to be of an extraordinary nature and will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions indemnities and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010amounts which may be payable.

Labor Law Acknowledgement. The following provision supplements the acknowledgments contained in paragraph 13 Section IX of the Agreement: The Employee acknowledges You acknowledge that pursuant to Article 15 of Law 50/1990 (Article 128 of the Colombian Labor Code), the Plan Plan, the Program and related benefits do not constitute a component of the Employee’s “salary” for any legal purpose. Therefore, they are considered to be of an extraordinary nature and will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions indemnities and/or any other labor-related amounts, subject to the limitations provided in Law 1393/2010.amounts which may be payable. Appendix A-9