Common use of Labor Law Acknowledgement Clause in Contracts

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’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 amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’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 amount which may be payableamounts, subject to the limitations provided in Law 1393/2010.

Labor Law Acknowledgement. The Participant following provision supplements Section 14 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 ParticipantEmployee’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 amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Colombia Labor Code, the Plan and related benefits do not constitute a component of the Participant’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 amount which may be payablepurposes.

Labor Law Acknowledgement. This provision supplements Section 1 of Appendix A: The Participant Team Member acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the ParticipantTeam Member’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 amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Colombia Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. 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 (except as required by Article 30 of Law 1393/2010) and / or any other labor-labor related amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they the Options and related benefits 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 amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’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 amount which may be payable.

Labor Law Acknowledgement. The Participant acknowledges You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they the Performance Units and related benefits 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 amount which may be payable.

Labor Law Acknowledgement. The following provision supplements Section 9 of this Agreement: The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’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 indemnities and/or any other labor-related amount which may be payable.