Common use of Labor Law Acknowledgment Clause in Contracts

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting the RSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 10 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

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Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting this Stock Award, the RSUs, you Grantee acknowledges that they understand and agree that they consent to participation participate in the Plan and acknowledge that you they have received a copy of the Plan. The Grantee understands that the Company, in its sole discretion, has unilaterally and gratuitously decided to distribute incentives under the Plan documentto individuals who may be employees of the Company or its subsidiaries, affiliates or joint ventures throughout the world. You understand The decision is a limited decision that is entered into upon the express assumption and agree condition that any grant will not economically or otherwise bind the Company or any of its subsidiaries, affiliates or joint ventures over and above the specific terms of the Plan on an ongoing basis. Further, the Grantee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary Stock Award since the future value of the Stock Awards and shares of common stock is unknown and unpredictable. In addition, the Grantee understands that the Stock Award would not be made to them but for the assumptions and conditions referred to above; thus, the Grantee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Stock Award shall be null and void. The Grantee also understands and agrees that, as a condition of the grant of the RSUsStock Award, except as provided for in Section 2 the termination of the Agreement, your termination of Grantee’s employment for any reason (including for the reasons listed below) ), the Stock Award will automatically result in the forfeiture of any RSUs that have not vested cease vesting immediately effective on the date the Grantee is no longer providing services to the Grantee’s employer or the Company or any of your terminationits subsidiaries, affiliates or joint ventures (unless otherwise specifically provided in the Terms). In particular, you understand the Grantee understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Stock Award will be forfeited without entitlement to the underlying shares of Common Stock common stock or to any amount as indemnification in the event of a termination of your the Grantee’s employment as described in the Terms prior to vesting expiration of the restricted period by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Grantee’s employer and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Jabil Inc), Restricted Stock Unit Award Agreement (Jabil Inc), Restricted Stock Unit Award Agreement (Jabil Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 25 of the Agreement: By In accepting the RSUsRestricted Stock Units, you consent the Employee consents to participation in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand The Employee understands that the Company has unilaterally, gratuitously gratuitously, and discretionally decided to grant RSUs Restricted Stock Units under the Plan to individuals who may be employees of the Company or a subsidiaryits Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the this Agreement. Consequently, you understand the Employee understands that the RSUs Restricted Stock Units are granted on the assumption and condition that the RSUs Restricted Stock Units and any Shares acquired upon vesting of the shares of Common Restricted Stock underlying the RSUs shall Units are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiarySubsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, you understand the Employee understands that the RSUs this grant would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge the Employee acknowledges and freely accept that, that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs or right to the Restricted Stock Units shall be null and void.. XXXXXXXX X Sweden Polycom, Inc. 2004 Equity Incentive Plan Restricted Stock Unit Agreement for Non-U.S. Employees There are no country-specific terms and conditions. XXXXXXXX X Switzerland Polycom, Inc. 2004 Equity Incentive Plan Restricted Stock Unit Agreement for Non-U.S. Employees

Appears in 5 contracts

Samples: Restricted Stock Unit (Polycom Inc), Restricted Stock Unit (Polycom Inc), Restricted Stock Unit (Polycom Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting the RSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”)cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This The following provision supplements Sections 2(g) and 7 Paragraph 9 of the Agreement: By accepting the RSUsShare Option, you consent the Optionee acknowledges that the Optionee consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your A termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested Share Option; in particular, you understand the Optionee understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Option will be forfeited without entitlement to the underlying shares of Common Stock Ordinary Shares or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Optionee understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs Share Options under the Plan to individuals who may be employees of the Company or a subsidiaryand its Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand the Optionee understands that the RSUs are granted Share Option is offered on the assumption and condition that the RSUs Share Option and any Ordinary Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand the Optionee understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge the Optionee acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs or right to the Share Option shall be null and void.

Appears in 3 contracts

Samples: Global Non Qualified Share Option Agreement for Employees (BeiGene, Ltd.), Global Non Qualified Share Option Agreement for Employees (BeiGene, Ltd.), Global Non Qualified Share Option Agreement for Employees (BeiGene, Ltd.)

Labor Law Acknowledgment. This provision supplements Sections 2(g) ), 6 and 7 of the Agreement: By accepting the RSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any the Award of RSUs shall be null and void.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(gthe acknowledgements contained in Section 1 (Restricted Stock Units) and 7 of the Agreement: By In accepting the grant of RSUs, you consent the Participant consents to participation in the Plan and acknowledge acknowledges that you have the Participant has received a copy of the Plan. The Participant understands that the Company has unilaterally, gratuitously and in its own discretion decided to grant RSUs under the Plan document. You understand and agree that, as a condition to certain individuals who may be employees of the Company or an affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not bind the Company or an affiliate, other than as set forth in the Agreement. Consequently, the Participant understands that the RSUs are granted on the assumption and condition that the RSUs and any shares of Common Stock (“Shares”) acquired upon settlement of the RSUs are not a part of any employment contract (either with the Company or an affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Participant understands that the RSUs would not be granted to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken, or should any of the conditions not be met for any reason, any grant of or right to the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your terminationshall be null and void. In particular, you understand The Participant understands and agree agrees that, unless otherwise provided in the Agreement, the Participant will forfeit any unvested RSUs will be forfeited as of the date Participant’s service ends without entitlement to the underlying shares of Common Stock Shares or to any amount as of indemnification in the event of a termination of your Participant’s employment prior to vesting by for any reason of, including, but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, and/or Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Employer and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.Notifications

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp)

Labor Law Acknowledgment. This The following provision supplements Sections 2(gSection 3.1 (Nature of Grant) and 7 of the Agreement: By accepting the RSUs, you consent Participant acknowledges that Participant consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except Except as provided for in Section 2 the Agreement or in the Plan, Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested RSUs; in particular, you understand Participant understands and agree that, unless otherwise provided in the Agreement, the agrees that such RSUs will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination Termination of your employment Service prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of Employees throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand Participant understands that the RSUs are granted offered on the assumption and condition that the RSUs and any Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of or right to the RSUs shall be null and void.. Notifications

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Solventum Corp), Restricted Stock Unit Award Agreement (3m Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting the RSUsan Award, you consent Participant consents to participation participate in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan document. You understand Participant understands and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree agrees that, unless otherwise provided in the AgreementPlan or any other Award document, the RSUs Awards will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination of your Participant's employment or service prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a "despido improcedente"), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers' Statute, relocation under Article 40 of the Workers' Statute, Article 50 of the Workers' Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs Awards under the Plan to individuals who may be employees or other service providers of the Company or a subsidiarySubsidiary or Affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Subsidiary or Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs Awards are granted on the assumption and condition that the RSUs Awards and the shares of Common Stock Shares underlying the RSUs Awards shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiaryother Subsidiary or Affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand Participant understands that the RSUs Awards would not be granted to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.. Notifications

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Ralph Lauren Corp), Performance Share Unit Award Agreement (Ralph Lauren Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g2(h) and 7 of the Agreement: By accepting the RSUsMSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUsMSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs MSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs MSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”)cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs MSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs MSUs are granted on the assumption and condition that the RSUs MSUs and the shares of Common Stock underlying the RSUs MSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs MSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs MSUs shall be null and void.

Appears in 2 contracts

Samples: Market Share Units Agreement (Bristol Myers Squibb Co), Market Share Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) ), 6 and 7 of the Agreement: By accepting the RSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any the Award of RSUs shall be null and void.. Addendum A-18

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 10 (Nature of the Award) of the Award Agreement: By In accepting the RSUsStock Award, you consent the Awardee acknowledges that the Awardee consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand The Awardee understands that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs the Stock Award under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates or Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreementof its Affiliates or Subsidiaries. Consequently, you understand the Awardee understands that the RSUs are Stock Award is granted on the assumption and condition that the RSUs Stock Award and any Shares acquired upon vesting of the shares of Common Stock underlying the RSUs Award shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryof its related entities) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In additionAdditionally, you understand the Awardee understands that the RSUs vesting of the Stock Award is expressly conditioned on the Awardee’s continued and active rendering of Service to the Company or a Subsidiary or Affiliate such that if the Awardee’s Service is terminated for any reason (including for the reasons listed below but with the exception of the circumstances specified in Section 4(b)-(d) of the Award Agreement), the Award will cease vesting immediately effective as of the date the Awardee’s Service is terminated. This will be the case, for example, even if (a) the Awardee is considered to be unfairly dismissed without good cause (i.e., subject to a “despido improcedente”); (b) the Awardee is dismissed for disciplinary or objective reasons or due to a collective dismissal; (c) the Awardee’s Service is terminated due to a change of work location, duties or any other employment or contractual condition; (d) the Awardee’s Service is terminated due to unilateral breach of contract of the Company or any of its Subsidiaries or Affiliates; or (e) the Awardee’s Service is terminated for any other reason (with the exception of the circumstances specified in Section 4(b)-(d) of the Award Agreement). Consequently, upon termination of Service for any of the above reasons, the Awardee will automatically lose any rights to the Stock Award to the extent that it has not yet become vested as of the date the Awardee’s Service is terminated, as described in the Award Agreement. The Awardee acknowledges that he or she has read and specifically accepts the conditions referred to above and in Section 4 of the Award Agreement. Finally, the Awardee understands that this grant would not be granted made to you the Awardee but for the assumptions and conditions referred to above; thus, you acknowledge the Awardee acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Stock Award of RSUs shall be null and void.

Appears in 2 contracts

Samples: Agilent Technologies, Inc., Agilent Technologies Inc

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8 of the Agreement: By In accepting the RSUs, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUs, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs that have not vested on as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in the Agreement, agrees that the RSUs will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs are granted on the assumption and condition that the RSUs and the shares Shares issued upon vesting/settlement of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the grant of the RSUs would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This The following provision supplements Sections 2(g) and 7 Section 3.1 of the Restricted Stock Unit Award Agreement: By In accepting the RSUs, you consent Participant acknowledges that Participant consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except Except as provided for in Section 2 the Agreement or in the Plan, Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested RSUs; in particular, you understand Participant understands and agree that, unless otherwise provided in the Agreement, the agrees that such RSUs will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination Termination of your employment Service prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of Employees throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand Participant understands that the RSUs are granted offered on the assumption and condition that the RSUs and any Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of or right to the RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (3m Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) ), 6 and 7 of the Agreement: By accepting the RSUsMSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUsMSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs MSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs MSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs MSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs MSUs are granted on the assumption and condition that the RSUs MSUs and the shares of Common Stock underlying the RSUs MSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs MSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any the Award of RSUs MSUs shall be null and void.

Appears in 1 contract

Samples: Market Share Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) ), 6 and 7 of the Agreement: By accepting the RSUsPSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUsPSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs PSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs PSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Addendum A-16 Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs PSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs PSUs are granted on the assumption and condition that the RSUs PSUs and the shares of Common Stock underlying the RSUs PSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs PSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any the Award of RSUs PSUs shall be null and void.

Appears in 1 contract

Samples: Performance Share Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8 of the Agreement: By In accepting the RSUs, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUs, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs that have not vested on as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in the Agreement, agrees that the RSUs will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, 405441916-v5\NA_DMS relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs are granted on the assumption and condition that the RSUs and the shares Shares issued upon vesting/settlement of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the grant of the RSUs would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This provision section supplements Sections 2(g) and 7 Section 9 of the AgreementOption Terms: By In accepting the RSUsthis Option, you consent Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally decided to grant RSUs Options under the Plan to individuals who may be employees of Service Providers throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Parent or Subsidiary of the Company on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs are this Option is granted on the assumption and condition that this Option or the RSUs and the shares of Common Stock underlying the RSUs Shares acquired upon exercise shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryParent or Subsidiary of the Company) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this grant would not be granted made to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs this Option shall be null and void.. Further, the vesting of this Option is expressly conditioned on Participant’s continued and active rendering of service, such that if Participant’s status as a Service Provider terminates for any reason whatsoever, this Option ceases vesting immediately effective on the date of Participant’s termination of status as a Service Provider. This will be the case, for example, even if (1) Participant is considered to be unfairly dismissed without good cause; (2) Participant is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) Participant terminates service due to a change of work location, duties or any other employment or contractual condition; (4) Participant terminates service due to a unilateral breach of contract by the Company or any Parent or Subsidiary of the Company; or (5) Participant’s status as a Service Provider terminates for any other reason whatsoever. Notifications

Appears in 1 contract

Samples: Stock Option Agreement (Apptio Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By In accepting the RSUs, you consent the Recipient consents to participation participate in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand The Recipient understands that the Company has unilaterally, gratuitously and discretionally decided to grant stock RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryparent or subsidiary corporation throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company Company, the Employer, or any parent or subsidiary on an ongoing basis, other than as expressly set forth in the Agreementcorporation. Consequently, you understand the Recipient understands that the RSUs are granted on the assumption and condition that the RSUs and the shares any Shares acquired upon vesting of Common Stock underlying the RSUs shall are not become a part of any employment or service contract (either with the Company, the Employer Employer, or any subsidiaryparent or subsidiary corporation) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Recipient understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the RSUs and the underlying Shares is unknown and unpredictable. In addition, you understand the Recipient understands that the RSUs would not be granted to you the Recipient but for the assumptions and conditions referred to aboveherein; thus, you acknowledge the Recipient acknowledges and freely accept that, accepts that should any 6582501-v9\GESDMS or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award the grant of the RSUs shall be null and void. The RSUs are a conditional right to Shares and can be forfeited in the case of, or affected by, the Recipient’s termination of service or employment. This will be the case, for example, even if (1) the Recipient is considered to be unfairly dismissed without good cause; (2) the Recipient is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) the Recipient terminates employment or service due to a change of work location, duties or any other employment or contractual condition; (4) the Recipient terminates employment or service due to unilateral breach of contract of the Company, the Employer, or any parent or subsidiary corporation; or (5) the Recipient’s employment or service terminates for any other reason whatsoever, except for reasons specified in the Agreement. Consequently, upon termination of the Recipient’s employment or service for any of the reasons set forth above, the Recipient may automatically lose any rights to the unvested RSUs granted to him or her as of the date of the Recipient’s termination of employment, as described in the Plan and the Agreement.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Nike Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9 of the Restricted Stock Unit Agreement: By accepting the RSUsRestricted Stock Units, you consent Xxxxxxx acknowledges that he or she understands and agrees to participation in the Plan and acknowledge that you have he or she has received a copy of the Plan. Grantee understands that the Company has unilaterally, gratuitously and discretionally decided to grant Restricted Stock Units under the Plan documentto individuals who may be employees or other service providers of the Company or its Subsidiaries throughout the world. You understand The decision is a limited decision that is entered into upon the express assumption and agree condition that any grant will not economically or otherwise bind the Company or any of its Subsidiaries on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, Grantee understands that any grant is given on the assumption and condition that it shall not become a part of any employment or service contract (either with the Company, the Service Recipient or any other Parent or Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, Grantee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Restricted Stock Units and Shares is unknown and unpredictable. In addition, Xxxxxxx understands that this grant would not be made but for the assumptions and conditions referred to above; thus, Grantee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Restricted Stock Units shall be null and void. Xxxxxxx understands and agrees that, as a condition of the grant of the RSUsRestricted Stock Units, except as provided for in Section 2 of the Agreement, your termination of employment Xxxxxxx’s Continuous Status as an Employee, Director or Consultant for any reason except by reason of death (but including for the reasons listed below) will automatically result in the forfeiture loss of any RSUs that the Restricted Stock Units to the extent the Restricted Stock Units have not vested on as of the date of your terminationGrantee is no longer actively employed. In particular, you understand and agree that, unless otherwise provided set forth in the Agreement, Xxxxxxx understands and agrees that any unvested Restricted Stock Units as of the RSUs date Grantee is no longer actively employed will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as of indemnification in the event of a termination of your employment prior to vesting Xxxxxxx’s Continuous Status as an Employee, Director or Consultant by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal adjudged or recognized to be without cause, individual or collective dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand Xxxxxxx acknowledges that he or she has read and specifically accepts the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thusin Sections 2, you acknowledge 3 and freely accept that, should any or all 9 of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and voidRestricted Stock Unit Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Maxim Integrated Products Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9: “Nature of Grant” in the Agreement: By accepting the RSUsRestricted Stock Units, you consent to participation in the Plan Grantee acknowledges, understands and acknowledge agrees that you have the Grantee is voluntarily participating in, and has received a copy of, the Plan. The Grantee acknowledges having read and accepts Section 3: “Termination of Service Relationship” and Section 9: “Nature of Grant” of this Agreement. The Grantee understands that the Company, in its sole discretion, has unilaterally, gratuitously and in its sole discretion decided to grant Restricted Stock Units under the Plan to individuals who may be employees, Non-Employee Directors and Consultants of the Plan documentCompany and its Affiliates. You understand The decision is a limited decision that is entered into upon the express assumption and agree that, as a condition that any grant will not economically or otherwise bind the Company or any Service Recipient on an ongoing basis over and above the specific terms of the grant Plan. Consequently, the Grantee understands that the Restricted Stock Units are granted on the assumption and condition that neither the Restricted Stock Units nor the shares of Stock acquired at vesting of the RSUsRestricted Stock Units shall become a part of any employment or other service contract with any Service Recipient nor shall they be considered a mandatory benefit, except as provided salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Grantee understands and freely accepts that the future value of the Restricted Stock Units and shares of Stock is unknown and unpredictable. In addition, the Grantee understands that the grant would not be made to the Grantee but for the assumptions and conditions referred to above; thus, the Grantee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the Restricted Stock Units grant shall be null and void. The Grantee also understands and agrees that subject to any exceptions set forth in Section 2 3: “Termination of Service Relationship” of this Agreement and in the Plan, in the event of the Agreement, your termination of employment the Grantee’s Service Relationship for any reason (including for the reasons listed below) ), the Restricted Stock Units will automatically result in the forfeiture of any RSUs that have not vested on the date of your terminationcease vesting. In particular, you understand the Grantee understands and agree that, unless otherwise provided in the Agreement, the RSUs agrees that any unvested Restricted Stock Units will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment the Grantee’s Service Relationship as described in the Agreement prior to vesting of the Restricted Stock Units by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e.e.g., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, any Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 11: “Nature of Grant” in the Agreement: By accepting the RSUsPSUs, you consent to participation in the Plan Grantee acknowledges, understands and acknowledge agrees that you have the Grantee is voluntarily participating in, and has received a copy of, the Plan. The Grantee acknowledges having read and accepts Section 3: “Termination of Service Relationship” and Section 11: “Nature of Grant” of this Agreement. The Grantee understands that the Company, in its sole discretion, has unilaterally, gratuitously and in its sole discretion decided to grant PSUs under the Plan to individuals who may be employees, Non-Employee Directors and Consultants of the Plan documentCompany and its Affiliates. You understand The decision is a limited decision that is entered into upon the express assumption and agree that, as a condition that any grant will not economically or otherwise bind the Company or any Service Recipient on an ongoing basis over and above the specific terms of the grant Plan. Consequently, the Grantee understands that the PSUs are granted on the assumption and condition that neither the PSUs nor the shares of Stock acquired at vesting of the RSUsPSUs shall become a part of any employment or other service contract with any Service Recipient nor shall they be considered a mandatory benefit, except as provided salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Grantee understands and freely accepts that the future value of the PSUs and shares of Stock is unknown and unpredictable. In addition, the Grantee understands that the grant would not be made to the Grantee but for the assumptions and conditions referred to above; thus, the Grantee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then the PSUs grant shall be null and void. The Grantee also understands and agrees that subject to any exceptions set forth in Section 2 3: “Termination of Service Relationship,” Section 4: “Sale Event” of this Agreement and in the Plan, in the event of the Agreement, your termination of employment the Grantee’s Service Relationship for any reason (including for the reasons listed below) ), the PSUs will automatically result in the forfeiture of any RSUs that have not vested on the date of your terminationcease vesting. In particular, you understand the Grantee understands and agree that, unless otherwise provided in the Agreement, the RSUs agrees that any unvested PSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment the Grantee’s Service Relationship as described in the Agreement prior to vesting of the PSUs by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e.e.g., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, any Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting the RSUsan Award, you consent Participant consents to participation participate in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan document. You understand Participant understands and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree agrees that, unless otherwise provided in the Plan, the Award Agreement, the RSUs Terms and Conditions for Non‑U.S. Participants or any other Award document, the Awards will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination of your Participant’s employment or service prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with causeCause, disciplinary dismissal adjudged or recognized to be without good cause Good Reason (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Statute and/or Article 50 of the Workers’ Statute, and unilateral withdrawal by the Employer, and Employer under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs Awards under the Plan to individuals who may be employees or other service providers of the Company or a subsidiaryan Affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Affiliate on an ongoing basis, other than as expressly set forth in the Award Agreement. Consequently, you understand Participant understands that the RSUs Awards are granted on the assumption and condition that the RSUs Awards and the shares of Common Stock Shares underlying the RSUs Awards shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiaryother Affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand Participant understands that the RSUs Awards would not be granted to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ralph Lauren Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8: “Nature of Grant” in the Agreement: By accepting this Stock Option, the RSUsOptionee acknowledges, you consent to participation in understands and agrees that the Plan Optionee is voluntarily participating in, and acknowledge that you have has received a copy of, the Plan. The Optionee acknowledges having read and accepts Section 3: “Termination of Service Relationship” and Section 8: “Nature of Grant” of this Agreement. The Optionee understands that the Company, in its sole discretion, has unilaterally, gratuitously and in its sole discretion decided to grant Stock Options under the Plan to individuals who may be employees, Non-Employee Directors and Consultants of the Plan documentCompany and its Affiliates. You understand The decision is a limited decision that is entered into upon the express assumption and agree that, as a condition that any grant will not economically or otherwise bind the Company or any Service Recipient on an ongoing basis over and above the specific terms of the grant Plan. Consequently, the Optionee understands that this Stock Option is granted on the assumption and condition that neither this Stock Option nor the shares of Stock acquired at exercise of this Stock Option shall become a part of any employment or other service contract with any Service Recipient, nor shall they be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Optionee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any Stock Option since the future value of the RSUsStock Options and Option Shares is unknown and unpredictable. In addition, except as provided the Optionee understands that the grant would not be made to the Optionee but for the assumptions and conditions referred to above; thus, the Optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then this Stock Option grant shall be null and void. The Optionee also understands and agrees that in the event of termination for Cause, any portion of this Stock Option outstanding, whether vested or unvested, on such date shall terminate immediately and be of no further force and effect. The Optionee further understands and agrees that subject to the above exception and any other exceptions set forth in Section 2 3: “Termination of Service Relationship” of this Agreement and in the Plan, in the event of the Agreement, your termination of employment the Optionee’s Service Relationship for any reason (including for the reasons listed below) ), this Stock Option will automatically result in the forfeiture of cease vesting and any RSUs that have not entitlement to exercise vested Stock Options will start to run immediately effective on the date of your terminationthe Optionee’s Service Relationship terminates. In particular, you understand the Optionee understands and agree thatagrees that any unvested Stock Option, unless otherwise provided or any vested Stock Option not exercised within the period set forth in the Section 3: “Termination of Service Relationship” in this Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock Option Shares or to any amount as indemnification in the event of a termination of your employment the Optionee’s Service Relationship as described in the Agreement prior to vesting or exercise of this Stock Option by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e.e.g., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, any Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8 of the Agreement: By In accepting the RSUs, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUs, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs that have not vested on as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in the Agreement, agrees that the RSUs will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs are granted on the assumption and condition that the RSUs and the shares Shares issued upon vesting/settlement of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the grant of the RSUs would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or 408098219-v3\NA_DMS should any of the conditions not be met for any reason, then any Award grant of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This The following provision supplements Sections 2(g) and 7 Paragraph 9 of the Agreement: By accepting the RSUsShare Option, you consent the Optionee acknowledges that the Optionee consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your A termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested Share Option; in particular, you understand the Optionee understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Option will be forfeited without entitlement to the underlying shares of Common Stock Ordinary Shares or to any amount as indemnification in the event of a 1 A shadow director is an individual who is not on the board of directors of a company but who has sufficient control so that the board of directors acts in accordance with the “directions or instructions” of the individual. Version: June 2020 termination of your employment prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Optionee understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs Share Options under the Plan to individuals who may be employees of the Company or a subsidiaryand its Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand the Optionee understands that the RSUs are granted Share Option is offered on the assumption and condition that the RSUs Share Option and any Ordinary Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand the Optionee understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge the Optionee acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs or right to the Share Option shall be null and void.

Appears in 1 contract

Samples: For Employees (BeiGene, Ltd.)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8 of the Agreement: By In accepting the RSUs, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUs, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs that have not vested on as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in the Agreement, agrees that the RSUs will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. 408098219-v3\NA_DMS Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs are granted on the assumption and condition that the RSUs and the shares Shares issued upon vesting/settlement of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the grant of the RSUs would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)

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Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting the RSUsan Award, you consent Participant consents to participation participate in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan document. You understand Participant understands and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree agrees that, unless otherwise provided in the AgreementPlan or any other Award document, the RSUs Awards will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination of your Participant’s employment or service prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a "despido improcedente"), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs Awards under the Plan to individuals who may be employees or other service providers of the Company or a subsidiarySubsidiary or Affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Subsidiary or Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs Awards are granted on the assumption and condition that the RSUs Awards and the shares of Common Stock Shares underlying the RSUs Awards shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiaryother Subsidiary or Affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand Participant understands that the RSUs Awards would not be granted to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.. Notifications

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (Ralph Lauren Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9 of the Agreement: By In accepting the RSUsOption, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUsOption, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on unvested Option as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Option will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs Option under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs Options are granted on the assumption and condition that the RSUs Option and the shares Shares issued upon exercise of Common Stock underlying the RSUs Option shall not 408098220-v3\NA_DMS become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the RSUs grant of the Option would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs Option shall be null and void.. Notifications

Appears in 1 contract

Samples: Qualified Stock Option Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This provision supplements Sections 2(gthe acknowledgements contained in Section 1 (Restricted Stock Units) and 7 of the Agreement: By In accepting the RSUsgrant of Performance Shares, you consent the Participant consents to participation in the Plan and acknowledge acknowledges that you have the Participant has received a copy of the Plan. The Participant understands that the Company has unilaterally, gratuitously and in its own discretion decided to grant Performance Shares under the Plan document. You understand and agree that, as a condition to certain individuals who may be employees of the Company or an affiliate. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not bind the Company or an affiliate, other than as set forth in the Agreement. Consequently, the Participant understands that the Performance Shares are granted on the assumption and condition that the Performance Shares and any shares of Common Stock (“Shares”) acquired upon settlement of the Performance Shares are not a part of any employment contract (either with the Company or an affiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Participant understands that the Performance Shares would not be granted to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken, or should any of the conditions not be met for any reason, any grant of or right to the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your terminationPerformance Shares shall be null and void. In particular, you understand The Participant understands and agree agrees that, unless otherwise provided in the Agreement, the RSUs Participant will be forfeited forfeit any unvested Performance Shares as of the date Participant’s service ends without entitlement to the underlying shares of Common Stock Shares or to any amount as of indemnification in the event of a termination of your Participant’s employment prior to vesting by for any reason of, including, but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, and/or Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Employer and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Flowserve Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By In accepting the RSUs, you consent the Recipient consents to participation participate in the Plan and acknowledge acknowledges that you have he or she has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand The Recipient understands that the Company has unilaterally, gratuitously and discretionally decided to grant stock RSUs under the Plan to individuals who may be employees of the Company or a subsidiaryparent or subsidiary corporation throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company Company, the Employer, or any parent or subsidiary on an ongoing basis, other than as expressly set forth in the Agreementcorporation. Consequently, you understand the Recipient understands that the RSUs are granted on the assumption and condition that the RSUs and the shares any Shares acquired upon vesting of Common Stock underlying the RSUs shall are not become a part of any employment or service contract (either with the Company, the Employer Employer, or any subsidiaryparent or subsidiary corporation) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Recipient understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the RSUs and the underlying Shares is unknown and unpredictable. In addition, you understand the Recipient understands that the RSUs would not be granted to you the Recipient but for the assumptions and conditions referred to aboveherein; thus, you acknowledge the Recipient acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award the grant of the RSUs shall be null and void. The RSUs are a conditional right to Shares and can be forfeited in the case of, or affected by, the Recipient’s termination of service or employment. This will be the case, for example, even if (1) the Recipient is considered to be unfairly dismissed without good cause; (2) the Recipient is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) the Recipient terminates employment or service due to a change of work location, duties or any other employment or contractual condition; (4) the Recipient terminates employment or service due to unilateral breach of contract of the Company, the Employer, or any parent or subsidiary corporation; or (5) the Recipient’s employment or service terminates for any other reason whatsoever, except for reasons specified in the Agreement. Consequently, upon termination of the Recipient’s employment or service for any of the reasons set forth above, the Recipient may automatically lose any rights to the unvested RSUs granted to him or her as of the date of the Recipient’s termination of employment, as described in the Plan and the Agreement.

Appears in 1 contract

Samples: Global Restricted Stock Unit Agreement (Nike Inc)

Labor Law Acknowledgment. This The following provision supplements Sections 2(g) and 7 Paragraph 9 of the RSU Agreement: By accepting the RSUsRestricted Share Units, you consent the Grantee acknowledges that the Grantee consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your A termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested Restricted Share Units; in particular, you understand the Grantee understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Restricted Share Units will be forfeited without entitlement to the underlying shares of Common Stock Ordinary Shares or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Grantee understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs Restricted Share Units under the Plan to individuals who may be employees of the Company or a subsidiaryand its Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand the Grantee understands that the RSUs Restricted Share Units are granted offered on the assumption and condition that the RSUs Restricted Share Units and any Ordinary Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand the Grantee understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge the Grantee acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs or right to the Restricted Share Units shall be null and void.

Appears in 1 contract

Samples: For Employees (BeiGene, Ltd.)

Labor Law Acknowledgment. This provision supplements Sections 2(g2(h) and 7 of the Agreement: By accepting the RSUsMSUs, you consent to participation in the Plan and acknowledge that you have received a copy of the Plan document. You understand and agree that, as a condition of the grant of the RSUsMSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs MSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs MSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs MSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs MSUs are granted on the assumption and condition that the RSUs MSUs and the shares of Common Stock underlying the RSUs MSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs MSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs MSUs shall be null and void.

Appears in 1 contract

Samples: Market Share Units Agreement (Bristol Myers Squibb Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8: “Nature of Grant” in the Agreement: By accepting this Stock Option, the RSUsOptionee acknowledges, you consent to participation in understands and agrees that the Plan Optionee is voluntarily participating in, and acknowledge that you have has received a copy of, the Plan. The Optionee acknowledges having read and accepts Section 3: “Termination of Service Relationship” and Section 8: “Nature of Grant” of this Agreement. The Optionee understands that the Company, in its sole discretion, has unilaterally, gratuitously and in its sole discretion decided to grant Stock Options under the Plan to individuals who may be employees, Non-Employee Directors and Consultants of the Plan documentCompany and its Affiliates. You understand The decision is a limited decision that is entered into upon the express assumption and agree that, as a condition that any grant will not economically or otherwise bind the Company or any Service Recipient on an ongoing basis over and above the specific terms of the grant Plan. Consequently, the Optionee understands that this Stock Option is granted on the assumption and condition that neither this Stock Option nor the shares of Stock acquired at exercise of this Stock Option shall become a part of any employment or other service contract with any Service Recipient, nor shall they be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Optionee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any Stock Option since the future value of the RSUsStock Options and Option Shares is unknown and unpredictable. In addition, except as provided the Optionee understands that the grant would not be made to the Optionee but for the assumptions and conditions referred to above; thus, the Optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then this Stock Option grant shall be null and void. The Optionee also understands and agrees that in the event of termination for cause, any portion of this Stock Option outstanding, whether vested or unvested, on such date shall terminate immediately and be of no further force and effect. The Optionee further understands and agrees that subject to the above exception and any other exceptions set forth in Section 2 3: “Termination of Service Relationship” of this Agreement and in the Plan, in the event of the Agreement, your termination of employment the Optionee’s Service Relationship for any reason (including for the reasons listed below) ), this Stock Option will automatically result in the forfeiture of cease vesting and any RSUs that have not entitlement to exercise vested Stock Options will start to run immediately effective on the date of your terminationthe Optionee’s Service Relationship terminates. In particular, you understand the Optionee understands and agree thatagrees that any unvested Stock Option, unless otherwise provided or any vested Stock Option not exercised within the period set forth in the Section 3: “Termination of Service Relationship” in this Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock Option Shares or to any amount as indemnification in the event of a termination of your employment the Optionee’s Service Relationship as described in the Agreement prior to vesting or exercise of this Stock Option by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e.e.g., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, any Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.50

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Labor Law Acknowledgment. This provision section supplements Sections 2(g) and 7 Section 10 of the AgreementRestricted Stock Unit Terms: By In accepting the RSUsthese Restricted Stock Units, you consent Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally decided to grant RSUs Restricted Stock Units under the Plan to individuals who may be employees of Service Providers throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Parent or Subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs these Restricted Stock Units are granted on the assumption and condition that these Restricted Stock Units or the RSUs and the shares of Common Stock underlying the RSUs Shares acquired upon vesting shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryParent or Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this grant would not be granted made to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs these Restricted Stock Units shall be null and void.. Further, the vesting of these Restricted Stock Units is expressly conditioned on Participant’s continued and active rendering of service, such that if Participant’s status as a Service Provider terminates for any reason whatsoever, these Restricted Stock Units cease vesting immediately effective on the date of Participant’s termination of status as a Service Provider. This will be the case, for example, even if (1) Participant is considered to be unfairly dismissed without good cause; (2) Participant is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) Participant terminates service due to a change of work location, duties or any other employment

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Apptio Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 The following provisions supplement Section 10 of the Agreement: By accepting the RSUsthis Award, you consent agree to participation in the Plan and acknowledge that you have received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the you will forfeit any RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), ,” individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you You understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be are employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Affiliates on an ongoing basis, other than basis except as expressly set forth in under the terms of the Plan and the Agreement. Consequently, you understand that the RSUs are granted any Award is given on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs it shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the RSUs and Shares is unknown and unpredictable and you may forfeit the RSUs if you terminate employment prior to vesting. In addition, you understand that the RSUs this Award would not be granted to you made but for the assumptions and conditions referred to above; thus, you understand, acknowledge and freely accept that, that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any this Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Grant Notice and Agreement (Tapestry, Inc.)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 of the Agreement: By accepting this Stock Award, the RSUs, you Grantee acknowledges that they understand and agree that they consent to participation participate in the Plan and acknowledge that you they have received a copy of the Plan. The Grantee understands that the Company, in its sole discretion, has unilaterally and gratuitously decided to distribute incentives under the Plan documentto individuals who may be employees of the Company or its subsidiaries, affiliates or joint ventures throughout the world. You understand The decision is a limited decision that is entered into upon the express assumption and agree condition that any grant will not economically or otherwise bind the Company or any of its subsidiaries, affiliates or joint ventures over and above the specific terms of the Plan on an ongoing basis. Further, the Grantee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary Stock Award since the future value of the Stock Awards and shares of common stock is unknown and unpredictable. In addition, the Grantee understands that the Stock Award would not be made to them but for the assumptions and conditions referred to above; thus, the Grantee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Stock Award shall be null and void. The Grantee also understands and agrees that, as a condition of the grant of the RSUsStock Award, except as provided for in Section 2 the termination of the Agreement, your termination of Grantee’s employment for any reason (including for the reasons listed below) ), the Stock Award will automatically result in the forfeiture of any RSUs that have not vested cease vesting immediately effective on the date the Grantee is no longer providing services to the Grantee’s employer or the Company or any of your terminationits subsidiaries, affiliates or joint ventures (unless otherwise specifically provided in the Terms). In particular, you understand the Grantee understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Stock Award will be forfeited without entitlement to the underlying shares of Common Stock common stock or to any amount as indemnification in the event of a termination of your the Xxxxxxx’s employment as described in the Terms prior to vesting expiration of the restricted period by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Grantee’s employer and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Jabil Inc)

Labor Law Acknowledgment. This provision section supplements Sections 2(g) and 7 Section 10 of the AgreementTerms and Conditions of Global Restricted Stock Unit Grant: By In accepting the RSUsRestricted Stock Units, you consent Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally decided to grant RSUs Restricted Stock Units under the Plan to individuals who may be employees of Service Providers throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Parent or Subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs Restricted Stock Units are granted on the assumption and condition that the RSUs and Restricted Stock Units or the shares of Common Stock underlying the RSUs Shares acquired upon vesting shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryParent or Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this grant would not be granted made to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs Restricted Stock Units shall be null and void.. Further, the vesting of the Restricted Stock Units is expressly conditioned on Participant’s continued and active rendering of service, such that if Participant’s status as a Service Provider terminates for any reason whatsoever, the Restricted Stock Units cease vesting immediately effective on the date of Participant’s termination of status as a Service Provider. This will be the case, for example, even if (1) Participant is considered to be unfairly dismissed without good cause; (2) Participant is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) Participant terminates service due to a change of work location, duties or any other employment or contractual condition; (4) Participant terminates service due to a unilateral breach of contract by the Company or any Parent or Subsidiary; or (5) Participant’s status as a Service Provider terminates for any other reason whatsoever. NOTIFICATIONS

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc)

Labor Law Acknowledgment. This The following provision supplements Sections 2(gSection 3.1 (Nature of Grant) and 7 of the Agreement: By accepting the RSUsPerformance Shares, you consent Participant acknowledges that Participant consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except Except as provided for in Section 2 the Award Agreement or in the Plan, Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In unvested Performance Shares; in particular, you understand Participant understands and agree that, unless otherwise provided in the Agreement, the RSUs agrees that such Performance Shares will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination Termination of your employment Service prior to vesting by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with or without cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Worker’s Statute, relocation under Article 40 of the Workers’ Worker’s Statute, Article 50 of the Workers’ Worker’s Statute, Article 10.3 of Royal Decree 1382/1985 and unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally in its sole discretion decided to grant RSUs Performance Shares under the Plan to individuals who may be employees of Employees throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basisSubsidiary, other than as expressly to the extent set forth in the Agreement. Consequently, you understand Participant understands that the RSUs Performance Shares are granted offered on the assumption and condition that the RSUs Performance Shares and any Shares acquired under the shares of Common Stock underlying the RSUs shall Plan are not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiary) Subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this offer would not be granted to you made but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs or right to the Performance Shares shall be null and void.. Notifications

Appears in 1 contract

Samples: Performance Share Award Agreement (3m Co)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 8: “Nature of Grant” in the Agreement: By accepting this Stock Option, the RSUsOptionee acknowledges, you consent to participation in understands and agrees that the Plan Optionee is voluntarily participating in, and acknowledge that you have has received a copy of, the Plan. The Optionee acknowledges having read and accepts Section 3: “Termination of Service Relationship” and Section 8: “Nature of Grant” of this Agreement. The Optionee understands that the Company, in its sole discretion, has unilaterally, gratuitously and in its sole discretion decided to grant Stock Options under the Plan to individuals who may be employees, Non-Employee Directors and Consultants of the Plan documentCompany and its Affiliates. You understand The decision is a limited decision that is entered into upon the express assumption and agree that, as a condition that any grant will not economically or otherwise bind the Company or any Service Recipient on an ongoing basis over and above the specific terms of the grant Plan. Consequently, the Optionee understands that this Stock Option is granted on the assumption and condition that neither this Stock Option nor the shares of Stock acquired at exercise of this Stock Option shall become a part of any employment or other service contract with any Service Recipient, nor shall they be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, the Optionee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any Stock Option since the future value of the RSUsStock Options and Option Shares is unknown and unpredictable. In addition, except as provided the Optionee understands that the grant would not be made to the Optionee but for the assumptions and conditions referred to above; thus, the Optionee acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then this Stock Option grant shall be null and void. The Optionee also understands and agrees that in the event of termination for cause, any portion of this Stock Option outstanding, whether vested or unvested, on such date shall terminate immediately and be of no further force and effect. The Optionee further understands and agrees that subject to the above exception and any other exceptions set forth in Section 2 3: “Termination of Service Relationship” of this Agreement and in the Plan, in the event of the Agreement, your termination of employment the Optionee’s Service Relationship for any reason (including for the reasons listed below) ), this Stock Option will automatically result in the forfeiture of cease vesting and any RSUs that have not entitlement to exercise vested Stock Options will start to run immediately effective on the date of your terminationthe Optionee’s Service Relationship terminates. In particular, you understand the Optionee understands and agree thatagrees that any unvested Stock Option, unless otherwise provided or any vested Stock Option not exercised within the period set forth in the Section 3: “Termination of Service Relationship” in this Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock Option Shares or to any amount as indemnification in the event of a termination of your employment the Optionee’s Service Relationship as described in the Agreement prior to vesting or exercise of this Stock Option by reason of, including, including but not limited to: , resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e.e.g., subject to a “despido improcedente”), individual or collective layoff dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, any Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thus, you acknowledge and freely accept that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and void.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Blueprint Medicines Corp)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9 of the Agreement: By In accepting the RSUsOption, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUsOption, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on unvested Option as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Option will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs Option under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs Options are granted on the assumption and condition that the RSUs Option and the shares Shares issued upon exercise of Common Stock underlying the RSUs Option shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the RSUs grant of the Option would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs Option shall be null and void.. Notifications

Appears in 1 contract

Samples: Qualified Stock Option Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9 of the Agreement: By In accepting the RSUsOption, you consent the Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand The Participant understands and agree agrees that, as a condition of the grant of the RSUsOption, except as provided for in Section 2 the Participant’s Termination of the Agreement, your termination of employment Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on unvested Option as of the date of your terminationsuch termination without any payment to the Participant. In particular, you understand the Participant understands and agree that, unless otherwise provided in agrees that the Agreement, the RSUs Option will be forfeited cancelled without entitlement to the underlying shares of Common Stock Shares or to any amount as indemnification in the event of a termination the Participant’s Termination of your employment prior to vesting Service by reason of, including, but not limited to: resignation, death, disability, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand the Participant understands that the Company has unilaterally, gratuitously and discretionally in its sole discretion decided to grant RSUs Option under the Plan to individuals who may be employees of the Company or a subsidiaryits Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary its Affiliate on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand the Participant understands that the RSUs Options are granted on the assumption and condition that the RSUs Option and the shares Shares issued upon exercise of Common Stock underlying the RSUs Option shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand the Participant understands that the RSUs grant of the Option would not be granted made to you the Participant but for the assumptions and conditions referred to above; thus, you acknowledge the Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs Option shall be null and void.. Notifications

Appears in 1 contract

Samples: Qualified Stock Option Agreement (EPAM Systems, Inc.)

Labor Law Acknowledgment. This provision section supplements Sections 2(g) and 7 Section 10 of the AgreementRestricted Stock Unit Terms: By In accepting the RSUsthese Restricted Stock Units, you consent Participant acknowledges that he or she consents to participation in the Plan and acknowledge that you have has received a copy of the Plan documentPlan. You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand Participant understands that the Company has unilaterally, gratuitously gratuitously, and discretionally decided to grant RSUs Restricted Stock Units under the Plan to individuals who may be employees of Service Providers throughout the Company or a subsidiaryworld. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary Parent or Subsidiary of the Company on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the RSUs these Restricted Stock Units are granted on the assumption and condition that these Restricted Stock Units or the RSUs and the shares of Common Stock underlying the RSUs Shares acquired upon vesting shall not become a part of any employment or service contract (either with the Company, the Employer Company or any subsidiaryParent or Subsidiary of the Company) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) ), or any other right whatsoever. In addition, you understand Participant understands that the RSUs this grant would not be granted made to you Participant but for the assumptions and conditions referred to above; thus, you acknowledge Participant acknowledges and freely accept that, accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant of RSUs these Restricted Stock Units shall be null and void.. Further, the vesting of these Restricted Stock Units is expressly conditioned on Participant’s continued and active rendering of service, such that if Participant’s status as a Service Provider terminates for any reason whatsoever, these Restricted Stock Units cease vesting immediately effective on the date of Participant’s termination of status as a Service Provider. This will be the case, for example, even if (1) Participant is considered to be unfairly dismissed without good cause; (2) Participant is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) Participant terminates service due to a change of work location, duties or any other employment or contractual condition; (4) Participant terminates service due to a unilateral breach of contract by the Company or any Parent or Subsidiary of the Company; or (5) Participant’s status as a Service Provider terminates for any other reason whatsoever. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Apptio Inc)

Labor Law Acknowledgment. This provision supplements Sections 2(g) and 7 Section 9 of the Restricted Stock Unit Agreement: By accepting the RSUsRestricted Stock Units, you consent Grantee acknowledges that he or she understands and agrees to participation in the Plan and acknowledge that you have he or she has received a copy of the Plan. Grantee understands that the Company has unilaterally, gratuitously and discretionally decided to grant Restricted Stock Units under the Plan documentto individuals who may be employees or other service providers of the Company or its Subsidiaries throughout the world. You understand The decision is a limited decision that is entered into upon the express assumption and agree condition that any grant will not economically or otherwise bind the Company or any of its Subsidiaries on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, Grantee understands that any grant is given on the assumption and condition that it shall not become a part of any employment or service contract (either with the Company, the Employer or any other Parent or Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. Further, Grantee understands and freely accepts that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the future value of the Restricted Stock Units and Shares is unknown and unpredictable. In addition, Grantee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, Grantee understands, acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of Restricted Stock Units shall be null and void. Grantee understands and agrees that, as a condition of the grant of the RSUsRestricted Stock Units, except as provided for in Section 2 of the Agreement, your termination of employment Grantee’s Continuous Status as an Employee, Director or Consultant for any reason except by reason of Retirement (but including for the reasons listed below) will automatically result in the forfeiture loss of any RSUs that the Restricted Stock Units to the extent the Restricted Stock Units have not vested on as of the date of your terminationGrantee is no longer actively employed. In particular, you understand and agree that, unless otherwise provided set forth in the Agreement, Grantee understands and agrees that any unvested Restricted Stock Units as of the RSUs date Grantee is no longer actively employed will be forfeited without entitlement to the underlying shares of Common Stock Shares or to any amount as of indemnification in the event of a termination of your employment prior to vesting Grantee’s Continuous Status as an Employee, Director or Consultant by reason of, including, but not limited to: , resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff dismissal adjudged or recognized to be without cause, individual or collective dismissal on objective grounds, whether adjudged to be with cause or adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, Employer and under Article 10.3 of the Royal Decree 1382/1985. Furthermore, you understand Grantee acknowledges that he or she has read and specifically accepts the Company has unilaterally, gratuitously and discretionally decided to grant RSUs under the Plan to individuals who may be employees of the Company or a subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any subsidiary on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the RSUs are granted on the assumption and condition that the RSUs and the shares of Common Stock underlying the RSUs shall not become a part of any employment or service contract (either with the Company, the Employer or any subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, you understand that the RSUs would not be granted to you but for the assumptions and conditions referred to above; thusin Sections 2, you acknowledge 3 4 and freely accept that, should any or all 9 of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award of RSUs shall be null and voidRestricted Stock Unit Agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Maxim Integrated Products Inc)

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