Common use of Labor Law Policy and Acknowledgment Clause in Contracts

Labor Law Policy and Acknowledgment. By accepting the PSUs, the Participant expressly recognizes that the Company, with registered offices at Two American Lane, Greenwich, Connecticut 06831, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly commercial basis and his or her sole employer is an Affiliate of the Company in Mexico (“GXO Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her 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 Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself 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 Participant therefore grants a full and broad release to the Company, and its subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (GXO Logistics, Inc.), Performance Share Unit Award Agreement (GXO Logistics, Inc.)

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Labor Law Policy and Acknowledgment. By accepting the PSUsStock Option, the Participant expressly recognizes that the CompanyCorporation, with registered offices at Two American LaneExpedia Group, GreenwichInc., Connecticut 06831000 000xx Xxxxxx XX, Xxxxxxxx XX, 00000, U.S.A., is solely responsible for the administration of the Plan Plan, and that the Participant’s 's participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company Corporation since the Participant is participating in the Plan on a wholly commercial basis and the Employer in Mexico ("Expedia Mexico") is his or her sole employer is an Affiliate of the Company in Mexico (“GXO Mexico”)employer. Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Expedia Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Expedia Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s 's employment. The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the CompanyCorporation; therefore, the Company Corporation reserves the absolute right to amend and/or discontinue the Participant’s 's participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against the Company Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the CompanyCorporation, and its subsidiariesAffiliates, Subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Stock Option Agreement (Expedia Group, Inc.)

Labor Law Policy and Acknowledgment. By accepting the PSUsAward, the Participant expressly recognizes that the CompanyBread Financial Holdings, Inc, with registered offices at Two American Lane0000 Xxxxxxx Xxxxxx, GreenwichXxxxxxxx, Connecticut 06831XX 00000, U.S.A.XXX, is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of Shares shares of Stock do not constitute an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly commercial basis and his or her Participant’s sole employer Employer (“Bread Financial Mexico”) is an Affiliate of entity other than the Company in Mexico (“GXO Mexico”)Company. Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she the Participant may derive from participating his or her participation in the Plan do not establish any rights between the Participant and the employer, GXO Bread Financial Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Mexico, Bread Financial Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her 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 Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself 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 Participant therefore grants a full and broad release to the Company, and its subsidiariesAffiliates, branches, representative representation offices, its shareholders, directors, officers, employees, agents, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Bread Financial Holdings, Inc.)

Labor Law Policy and Acknowledgment. By accepting the PSUsAward, the Participant expressly recognizes that the CompanyAlliance Data Systems Corporation, with registered offices at Two American Lane0000 Xxxxxx Xxxxxxx, GreenwichXxxxx 000, Connecticut 06831Xxxxx, U.S.A.XX, 00000, XXX, is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of Shares shares of Stock do not constitute an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly commercial basis and his or her Participant’s sole employer Employer is an Affiliate of the Company in Mexico Brand Loyalty Worldwide GmbH (“GXO Brand Loyalty Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she the Participant may derive from participating his or her participation in the Plan do not establish any rights between the Participant and the employer, GXO Brand Loyalty Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Mexico, Brand Loyalty Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her 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 Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself 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 Participant therefore grants a full and broad release to the Company, and its subsidiariesAffiliates, branches, representative representation offices, its shareholders, directors, officers, employees, agents, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Alliance Data Systems Corp)

Labor Law Policy and Acknowledgment. By In accepting the PSUsAward, the Participant expressly recognizes that the CompanyAvaya Holdings Corp., with registered offices at Two American Lane000 Xx. Xxxxxx Xxxxxx, GreenwichMorristown, Connecticut 06831NJ 00000, U.S.A.Xxxxxx Xxxxxx of America, is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of Shares do does not constitute an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly commercial basis and his or her the Participant’s sole employer Employer is an Affiliate of the Company a Subsidiary in Mexico (“GXO Avaya-Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she the Participant may derive from participating his or her participation in the Plan do not establish any rights between the Participant and the employer, GXO Avaya-Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Mexico, Avaya-Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her 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 Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself 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 Participant therefore grants a full and broad release to the Company, Company and its subsidiariesSubsidiaries, branches, representative representation offices, shareholders, directors, officers, employees, agents, agents or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Avaya Holdings Corp.)

Labor Law Policy and Acknowledgment. By accepting the PSUsStock Option, the Participant expressly recognizes that the CompanyCorporation, with registered offices at Two American LaneExpedia, GreenwichInc., Connecticut 06831000 000xx Xxxxxx XX, Xxxxxxxx XX, 00000, U.S.A., is solely responsible for the administration of the Plan Plan, and that the Participant’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company Corporation since the Participant is participating in the Plan on a wholly commercial basis and his or her sole employer is an a Subsidiary or Affiliate of the Company in Mexico (“GXO Expedia Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Expedia Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Expedia Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the CompanyCorporation; therefore, the Company Corporation reserves the absolute right to amend and/or discontinue the Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against the Company Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the CompanyCorporation, and its subsidiariesAffiliates, Subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Stock Option Agreement (Expedia, Inc.)

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Labor Law Policy and Acknowledgment. By accepting the PSUsRestricted Stock Units, the Participant expressly recognizes that the CompanyCorporation, with registered offices at Two American LaneExpedia Group, GreenwichInc. 0000 Xxxxxxx Xxxxx Xxx X, Connecticut 06831Xxxxxxx, U.S.A.XX 00000, U.S.A, is solely responsible for the administration of the Plan Plan, and that the Participant’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company Corporation since the Participant is participating in the Plan on a wholly commercial basis and the Employer in Mexico (“Expedia Mexico”) is his or her sole employer is an Affiliate of the Company in Mexico (“GXO Mexico”)employer. Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Expedia Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Expedia Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the CompanyCorporation; therefore, the Company Corporation reserves the absolute right to amend and/or discontinue the Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against the Company Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the CompanyCorporation, and its subsidiariesAffiliates, Subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Expedia Group, Inc.)

Labor Law Policy and Acknowledgment. By accepting the PSUsRestricted Stock Units, the Participant expressly recognizes that the CompanyCorporation, with registered offices at Two American LaneExpedia, GreenwichInc., Connecticut 06831000 000xx Xxxxxx XX, Xxxxxxxx XX, 00000, U.S.A., is solely responsible for the administration of the Plan Plan, and that the Participant’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company Corporation since the Participant is participating in the Plan on a wholly commercial basis and his or her sole employer is an a Subsidiary or Affiliate of the Company in Mexico (“GXO Expedia Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Expedia Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Expedia Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of the CompanyCorporation; therefore, the Company Corporation reserves the absolute right to amend and/or discontinue the Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against the Company Corporation for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to the CompanyCorporation, and its subsidiariesAffiliates, Subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Expedia, Inc.)

Labor Law Policy and Acknowledgment. By accepting the PSUsRSUs, the Participant expressly recognizes that the Company, with registered offices at Two American Lane, Greenwich, Connecticut 06831, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and acquisition of Shares do not constitute an employment relationship between the Participant and the Company since the Participant is participating in the Plan on a wholly commercial basis and his or her sole employer is an Affiliate of the Company in Mexico (“GXO Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that he or she may derive from participating in the Plan do not establish any rights between the Participant and the employer, GXO Mexico, and do not form part of the employment conditions and/or benefits provided by GXO Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment. The Participant further understands that his or her 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 Participant’s participation at any time without any liability to the Participant. Finally, the Participant hereby declares that he or she does not reserve to him- or herself 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 Participant therefore grants a full and broad release to the Company, and its subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (GXO Logistics, Inc.)

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