Common use of Labor Law Policy and Acknowledgment Clause in Contracts

Labor Law Policy and Acknowledgment. By participating in the Plan, the Optionee expressly recognizes that the Company, with its principal executive offices at 000 Xxxxxxx Xxxxx, Xxxxxxxxxxxxxx, Xxxxxxxxx 00000, U.S.A., is solely responsible for the administration of the Plan and that the Optionee’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Optionee and the Company since the Optionee is participating in the Plan on a wholly commercial basis. Based on the foregoing, the Optionee expressly recognizes that the Plan and the benefits that the Optionee may derive from participation in the Plan do not establish any rights between the Optionee and the Subsidiary employing the Optionee (the “Employer”), and do not form part of the employment conditions and/or benefits provided by the Employer, and that any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Optionee’s employment with the Employer. The Optionee further understands that the Optionee’s participation in the Plan is as a result of a unilateral and discretionary decision of the Company. Therefore, the Company reserves the absolute right to amend and/or discontinue the Optionee’s participation at any time without any liability to the Optionee. Finally, the Optionee hereby declares that the Optionee does not reserve to the Optionee any action or right to bring any claim against the Company for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Optionee therefore grants a full ​ and broad release to the Company, its Subsidiaries, branches, representation offices, its shareholders, officers, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Stock Option Award Agreement (Dollar General Corp)

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Labor Law Policy and Acknowledgment. By participating in the Stock Purchase Plan, the Optionee I expressly recognizes recognize that the CompanyXxxxxxx Navigation Limited, with its principal executive registered offices at 000 Xxxxxxx Xxxxx, XxxxxxxxxxxxxxSunnyvale, Xxxxxxxxx 00000California 94085, U.S.A., is solely responsible for the administration of the Stock Purchase Plan and that the Optionee’s my participation in the Stock Purchase Plan and acquisition purchase of Shares do shares of Common Stock does not constitute an employment relationship between the Optionee me and the Company since the Optionee is I am participating in the Stock Purchase Plan on a wholly commercial basisbasis and my sole employer is Xxxxxxx Mexico S. de X.X. (“Trimble-Mexico”). Based on the foregoing, the Optionee I expressly recognizes recognize that the Stock Purchase Plan and the benefits that the Optionee I may derive from participation in the Stock Purchase Plan do not establish any rights between the Optionee me and the Subsidiary employing the Optionee (the “Employer”)employer, Trimble-Mexico, and do not form part of the employment conditions -18- and/or benefits provided by the Employer, Trimble-Mexico and that any modification of the Stock Purchase Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Optionee’s employment with the Employermy employment. The Optionee I further understands understand that the Optionee’s my participation in the Stock Purchase Plan is as a result of a unilateral and discretionary decision of the Company. Therefore; therefore, the Company reserves the absolute right to amend and/or discontinue the Optionee’s my participation at any time without any liability to the Optioneeme. Finally, the Optionee I hereby declares declare that the Optionee does I do not reserve to the Optionee myself any action or right to bring any claim against the Company for any compensation or damages regarding any provision of the Stock Purchase Plan or the benefits derived under the Stock Purchase Plan, and the Optionee I therefore grants grant a full and broad release to the Company, its Subsidiaries, branches, representation offices, its shareholders, officers, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Employee Stock Purchase Agreement (Trimble Navigation LTD /Ca/)

Labor Law Policy and Acknowledgment. By participating in This provision supplements paragraph 12 of the PlanAward Agreement (“Nature of Award”): In accepting the Award of Restricted Stock Units, the Optionee Participant expressly recognizes that the Company, Prologis with its principal executive operating offices at 000 0000 Xxxxxxx XxxxxXxx, XxxxxxxxxxxxxxXxxxxx, Xxxxxxxxx Xxxxxxxx 00000, U.S.A., is solely responsible for the administration of the Plan and that the OptioneeParticipant’s participation in the Plan and acquisition of Shares Stock do not constitute an employment relationship between the Optionee Participant and the Company Prologis since the Optionee Participant is participating in the Plan on a wholly commercial basis. basis and his or her sole Employer is Servicios Corporativos GC, S.A. de C.V. Based on the foregoing, the Optionee Participant expressly recognizes that the Plan and the benefits that the Optionee he or she may derive from participation participating in the Plan do not establish any rights between the Optionee Participant and the Subsidiary employing the Optionee (the “Employer”), Employer and do not form part of the employment conditions and/or benefits provided by the Employer, Employer and that any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the OptioneeParticipant’s employment with the Employeremployment. The Optionee Participant further understands that the Optionee’s his or her participation in the Plan is as a result of a unilateral and discretionary decision of the Company. ThereforePrologis; therefore, the Company Prologis reserves the absolute right to amend and/or discontinue the OptioneeParticipant’s participation at any time without any liability to the OptioneeParticipant. Finally, the Optionee Participant hereby declares that the Optionee he or she does not reserve to the Optionee him- or herself any action or right to bring any claim against the Company Prologis for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Optionee Participant therefore grants a full and broad release to the CompanyPrologis, and its Subsidiariesaffiliates, branches, representation offices, its shareholders, trustees, directors, officers, agents employees, agents, or legal representatives with respect to any such claim that may arise.. Prologis, Inc. RSU Agreement (LTIP Unit Option) – Appendix 5 – February 2015 Reconocimiento del Documento del Plan

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Prologis, L.P.)

Labor Law Policy and Acknowledgment. By participating in This provision supplements paragraph 12 of the PlanAward Agreement (“Nature of Award”): In accepting the Award of Restricted Stock Units, the Optionee Participant expressly recognizes that the Company, Prologis with its principal executive operating offices at 000 Xxxxxxx Xxxxx0000 Xxxxx Xxxxxx, XxxxxxxxxxxxxxXxxxx 000, Xxxxxxxxx Xxxxxx, XX 00000, U.S.A., is solely responsible for the administration of the Plan and that the OptioneeParticipant’s participation in the Plan and acquisition of Shares Stock do not constitute an employment relationship between the Optionee Participant and the Company Prologis since the Optionee Participant is participating in the Plan on a wholly commercial basis. basis and his or her sole Employer is Servicios Corporativos GC, S.A. de C.V. Based on the foregoing, the Optionee Participant expressly recognizes that the Plan and the benefits that the Optionee he or she may derive from participation participating in the Plan do not establish any rights between the Optionee Participant and the Subsidiary employing the Optionee (the “Employer”), Employer and do not form part of the employment conditions and/or benefits provided by the Employer, Employer and that any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the OptioneeParticipant’s employment with the Employeremployment. The Optionee Participant further understands that the Optionee’s his or her participation in the Plan is as a result of a unilateral and discretionary decision of the Company. ThereforePrologis; therefore, the Company Prologis reserves the absolute right to amend and/or discontinue the OptioneeParticipant’s participation at any time without any liability to the OptioneeParticipant. Finally, the Optionee Participant hereby declares that the Optionee he or she does not reserve to the Optionee him- or herself any action or right to bring any claim against the Company Prologis for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Optionee Participant therefore grants a full and broad release to the CompanyPrologis, and its Subsidiariesaffiliates, branches, representation offices, its shareholders, trustees, directors, officers, agents employees, agents, or legal representatives with respect to any such claim that may arise.. Reconocimiento del Documento del Plan Al aceptar las Unidades de Acciones Restringidas, el Participante reconoce que ha recibido una copia del Plan, la Notificación del Otorgamiento y el Convenio, incluyendo este Apéndice por país, los mismos que el Participante ha revisado. El Participante reconoce, además, que acepta todas las disposiciones del Plan, la Notificación del Otorgamiento y el Convenio, incluyendo este Apéndice por país. El Participante también reconoce que ha leído y que específicamente aprueba de forma expresa los términos y condiciones establecidos en la Sección 12 del Convenio (“Naturaleza del Otorgamiento”), que claramente dispone lo siguiente:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Prologis, L.P.)

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Labor Law Policy and Acknowledgment. By participating in the Stock Purchase Plan, the Optionee I expressly recognizes recognize that the CompanyXxxxxxx Navigation Limited, with its principal executive registered offices at 000 Xxxxxxx Xxxxx, XxxxxxxxxxxxxxSunnyvale, Xxxxxxxxx 00000California 94085, U.S.A., is solely responsible for the administration of the Stock Purchase Plan and that the Optionee’s my participation in the Stock Purchase Plan and acquisition purchase of Shares do shares of Common Stock does not constitute an employment relationship between the Optionee me and the Company since the Optionee is I am participating in the Stock Purchase Plan on a wholly commercial basisbasis and my sole employer is Xxx xx XXXX S. de X.X. de C.V. (“Trimble-Mexico”). Based on the foregoing, the Optionee I expressly recognizes recognize that the Stock Purchase Plan and the benefits that the Optionee I may derive from participation in the Stock Purchase Plan do not establish any rights between the Optionee me and the Subsidiary employing the Optionee (the “Employer”)employer, Trimble-Mexico, and do not form part of the employment conditions and/or benefits provided by the Employer, Trimble-Mexico and that any modification of the Stock Purchase Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Optionee’s employment with the Employermy employment. The Optionee I further understands understand that the Optionee’s my participation in the Stock Purchase Plan is as a result of a unilateral and discretionary decision of the Company. Therefore; therefore, the Company reserves the absolute right to amend and/or discontinue the Optionee’s my participation at any time without any liability to the Optioneeme. Finally, the Optionee I hereby declares declare that the Optionee does I do not reserve to the Optionee myself any action or right to bring any claim against the Company for any compensation or damages regarding any provision of the Stock Purchase Plan or the benefits derived under the Stock Purchase Plan, and the Optionee I therefore grants grant a full and broad release to the Company, its Subsidiariesaffiliates, branches, representation offices, its shareholders, officers, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Employee Stock Purchase Plan Subscription Agreement (Trimble Navigation LTD /Ca/)

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