Common use of Labor Law Policy and Acknowledgment Clause in Contracts

Labor Law Policy and Acknowledgment. By accepting the RSUs, Employee expressly recognizes that Newmont, with registered offices at 0000 X. Xxxxxx Ave., Suite 700, Denver, Colorado 80237, U.S.A., is solely responsible for the administration of the Plan and that Employee’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between Employee and Newmont since Employee is participating in the Plan on a wholly commercial basis and his or her sole employer is Newmont’s Subsidiary in Mexico (“Newmont Mexico”). Based on the foregoing, Employee 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 Employee and the employer, Newmont Mexico, and do not form part of the employment conditions and/or benefits provided by Newmont Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of Employee’s employment. Employee further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of Newmont; therefore, Newmont reserves the absolute right to amend and/or discontinue Employee’s participation at any time without any liability to Employee. Finally, Employee hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against Newmont for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and Employee therefore grants a full and broad release to Newmont, and its subsidiaries, branches, representative offices, shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (NEWMONT Corp /DE/), Restricted Stock Unit Agreement (NEWMONT Corp /DE/), Restricted Stock Unit Agreement (NEWMONT Corp /DE/)

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Labor Law Policy and Acknowledgment. By accepting the RSUs, Employee expressly recognizes that Newmont, with registered offices at 0000 X. Xxxxxx Ave.Xxxxx Xxxxxxx’s Green Circle, Suite 700800, DenverGreenwood Village, Colorado 8023780111, U.S.A., is solely responsible for the administration of the Plan and that Employee’s participation in the Plan and acquisition of shares of Common Stock do not constitute an employment relationship between Employee and Newmont since Employee is participating in the Plan on a wholly commercial basis and his or her sole employer is Newmont’s Subsidiary in Mexico (“Newmont Mexico”). Based on the foregoing, Employee 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 Employee and the employer, Newmont Mexico, and do not form part of the employment conditions and/or benefits provided by Newmont Mexico, and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of Employee’s employment. Employee further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of Newmont; therefore, Newmont reserves the absolute right to amend and/or discontinue Employee’s participation at any time without any liability to Employee. Finally, Employee hereby declares that he or she does not reserve to him- or herself any action or right to bring any claim against Newmont for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and Employee therefore grants a full and broad release to Newmont, 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: Restricted Stock Unit Agreement (NEWMONT Corp /DE/), Restricted Stock Unit Agreement (NEWMONT Corp /DE/)

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Labor Law Policy and Acknowledgment. By In accepting the RSUsgrant of the Option, Employee Participant expressly recognizes that NewmontVisa Inc., with registered offices at 0000 X. Xxxxxx Ave.in Foster City, Suite 700, Denver, Colorado 80237California, U.S.A., is solely responsible for the administration of the Plan and that EmployeeParticipant’s participation in the Plan and acquisition of shares of Common Stock Shares do not constitute an employment relationship between Employee Participant and Newmont Visa Inc., since Employee Participant is participating in the Plan on a wholly commercial basis and his or her sole employer is Newmont’s Subsidiary in Visa International de Mexico (“Newmont S. A. de C. V. located at Xxxxx Xxxxxx Xxx 0-000, Xxx Xxx Xxxxxxx Xxxxxxx, Mexico City, Mexico”). Based on the foregoing, Employee 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 Employee Participant and the Participant’s employer, Newmont Mexico, and do not form part of the employment conditions and/or benefits provided by Newmont MexicoVisa (including any affiliates), and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of EmployeeParticipant’s employment. Employee Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of NewmontVisa Inc.; therefore, Newmont Visa Inc. reserves the absolute right to amend and/or discontinue EmployeeParticipant’s participation at any time without any liability to EmployeeVisa. Finally, Employee Participant hereby declares that he or she does not reserve to him- himself or herself any action or right to bring any claim against Newmont Visa Inc. or any of its affiliates for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and Employee Participant therefore grants a full and broad release to Newmont, and Visa Inc. its subsidiariesaffiliates, branches, representative representation offices, its shareholders, directors, officers, employees, agents, or legal representatives with respect to any claim that may arise.

Appears in 1 contract

Samples: Performance Share Award Agreement (Visa Inc.)

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