Common use of Labor Law Policy and Acknowledgement Clause in Contracts

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 12 of the Agreement: The Optionee acknowledges and agrees that the Grant is made by the Company (not the Employer) in its sole discretion and that the value of the Option or any shares of Common Stock acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits, such as vacation pay, thirteenth salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered for any purpose under Argentine labor law, the Optionee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Appears in 7 contracts

Samples: Non Qualified Global Stock Option Agreement (Mondelez International, Inc.), Non Qualified Global Stock Option Agreement (Mondelez International, Inc.), Non Qualified Global Stock Option Agreement (Mondelez International, Inc.)

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Labor Law Policy and Acknowledgement. The following provision supplements paragraph 12 13 of the Agreement: The Optionee Employee acknowledges and agrees that the Grant is made by the Company (not the Employer) in its sole discretion and that the value of the Option Deferred Stock Units or any shares of Common Stock acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits, such as vacation pay, thirteenth salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered for any purpose under Argentine labor law, the Optionee Employee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Appears in 6 contracts

Samples: Global Deferred Stock Unit Agreement (Mondelez International, Inc.), Global Deferred Stock Unit Agreement (Mondelez International, Inc.), Global Deferred Stock Unit Agreement (Mondelez International, Inc.)

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 12 9 of the Agreement: The Optionee Participant acknowledges and agrees that the Grant grant is made by the Company (not the Employer) in its sole discretion and that the value of the Option LTI Grant or any shares of Common Stock acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits, such as vacation pay, thirteenth salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered for any purpose under Argentine labor law, the Optionee Participant acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Appears in 6 contracts

Samples: Global Long Term Incentive Grant Agreement (Mondelez International, Inc.), Global Long Term Incentive Grant Agreement (Mondelez International, Inc.), Global Long Term Incentive Grant Agreement (Mondelez International, Inc.)

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 12 9 of the Agreement: The Optionee Participant acknowledges and agrees that the Grant grant is made by the Company (not the Employer) in its sole discretion and that the value of the Option LTI Grant or any shares of Common Stock acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits, such as vacation pay, thirteenth salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered for any purpose under Argentine labor law, the Optionee Participant acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.. May 22, 2024

Appears in 2 contracts

Samples: Global Long Term Incentive Grant Agreement (Mondelez International, Inc.), Global Long Term Incentive Grant Agreement (Mondelez International, Inc.)

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Labor Law Policy and Acknowledgement. The following provision supplements paragraph 12 of the Agreement: The Optionee acknowledges and agrees that the Grant grant is made by the Company (not the Employer) in its sole discretion and that the value of the Option or any shares of Common Stock acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits, such as vacation pay, thirteenth salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered for any purpose under Argentine labor law, the Optionee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Appears in 1 contract

Samples: Non Qualified Global Stock Option Agreement (Mondelez International, Inc.)

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