Common use of Labor Law Policy and Acknowledgement Clause in Contracts

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 9 of the Agreement: The Participant acknowledges and agrees that the grant is made by the Company (not the Employer) in its sole discretion and that the value of the 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 Participant acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 9 12 of the Agreement: The Participant 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 LTI Grant 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 Participant Optionee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 9 13 of the Agreement: The Participant Employee 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 LTI Grant 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 Participant Employee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Labor Law Policy and Acknowledgement. The following provision supplements paragraph 9 12 of the Agreement: The Participant 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 LTI Grant 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 Participant Optionee acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.