Common use of Labor Law Clause in Contracts

Labor Law. By accepting this Restricted Stock Units award, the Employee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Restricted Stock Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these Restricted Stock Units.

Appears in 11 contracts

Samples: Restricted Stock Unit Agreement (Global Digital Solutions Inc), Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc)

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Labor Law. By accepting this award of Restricted Stock Units awardUnits, the Employee Participant acknowledges that: (a) the grant of these this award of Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of shares of Common Stock issuable pursuant to each award of Restricted Stock Units subject to each Restricted Stock Unit award and Units, the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value this award of these Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Restricted Stock Units are is not part of the EmployeeParticipant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this award of Restricted Stock Units will cease ceases upon termination of employment Service for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares shares of Common Stock is unknown and cannot be predicted with certainty; (h) these this award of Restricted Stock Units have has been granted to the Employee Participant in the EmployeeParticipant’s status as an Employee, a non-employee member of the Board or a consultant or independent advisor of the Company or its SubsidiariesParent or Subsidiary; (i) any claims resulting from these this award of Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there in consideration of the grant of this award, no claim or entitlement to compensation or damages shall arise from termination of the award or diminution in value of the award or any of the shares issuable under the award from termination of Participant’s Service by the Company or Employer, as applicable (and for any reason whatsoever and whether or not in breach of contract or local labor laws), and Participant irrevocably releases his or her Employer, the Company and its Subsidiaries, as applicable, from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by signing this Agreement, Participant shall be no additional obligations for any Subsidiary employing deemed to have irrevocably waived his or her entitlement to pursue such claim; and (k) in the Employee as a result event that Employer is not the Company, the grant of these the award will not be interpreted to form an employment contract or relationship with the Company and, furthermore, the grant of the Restricted Stock UnitsUnits will not be interpreted to form an employment contract with the Employer or any Subsidiary.

Appears in 10 contracts

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

Labor Law. By accepting this Restricted Stock Units award, the Employee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right of the Employee to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall will be granted, the number of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which that is outside the scope of the Employee’s employment contract, if any; (e) these Restricted Stock Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will shall cease upon termination Termination of employment Service for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the CompanyAffiliates; and (ji) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Restricted Stock Units.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De), Restricted Stock Unit Agreement (Applied Materials Inc /De), Restricted Stock Unit Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Restricted Stock Units award, the Employee acknowledges that: (a) the grant award of these this Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants awards of Restricted Stock UnitsStock, or benefits in lieu of Restricted Stock UnitsStock; (b) all determinations with respect to any future grantsawards, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of Restricted Stock Units Shares subject to each Restricted Stock Unit award award, the Purchase Price per Share, and the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these this Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these this Restricted Stock Units are is not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this Restricted Stock Units will cease ceases upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these this Restricted Stock Units have has been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these this Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these this Restricted Stock UnitsStock.

Appears in 4 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Tibco Software Inc), Restricted Stock Agreement (Tibco Software Inc)

Labor Law. By accepting this Restricted Stock Units award, the Employee acknowledges that: (a) the grant of these this Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock UnitsStock, or benefits in lieu of Restricted Stock UnitsStock; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of Restricted Stock Units Shares subject to each Restricted Stock Unit award award, the Purchase Price per Share, and the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these this Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these this Restricted Stock Units are is not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this Restricted Stock Units will cease ceases upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these this Restricted Stock Units have has been granted to the Employee in the Employee’s status as an employee of the Company or its SubsidiariesAffiliates; (i) any claims resulting from these this Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these this Restricted Stock UnitsStock.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Applied Materials Inc /De), Restricted Stock Agreement (Applied Materials Inc /De), Restricted Stock Agreement (Applied Materials Inc /De)

Labor Law. By accepting this award of Restricted Stock Units awardUnits, the Employee Participant acknowledges that: (a) the grant of these this award of Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of shares of Common Stock issuable pursuant to each award of Restricted Stock Units subject to each Restricted Stock Unit award and Units, the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value this award of these Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Restricted Stock Units are is not part of the EmployeeParticipant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this award of Restricted Stock Units will cease ceases upon termination of employment Service for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares shares of Common Stock is unknown and cannot be predicted with certainty; (h) these this award of Restricted Stock Units have has been granted to the Employee Participant in the EmployeeParticipant’s status as an Employee, a non-employee member of the Board or a consultant or independent advisor of the Company or its SubsidiariesParent or Subsidiary; (i) any claims resulting from these this award of Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee Participant’s Employer as a result of these this award of Restricted Stock Units.

Appears in 3 contracts

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

Labor Law. By accepting this award of Restricted Stock Units awardUnits, the Employee acknowledges that: (a) the grant award of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants awards of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grantsawards, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of Shares subject to each award of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these this Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Restricted Stock Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this Restricted Stock Units will cease ceases upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiariesthe Employer; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary subsidiary or affiliate employing the Employee as a result of these Restricted Stock Units.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Unit Agreement (Tibco Software Inc), Performance Based Restricted Stock Units Agreement (Tibco Software Inc)

Labor Law. By accepting this Restricted Stock Units awardAward, the Employee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Unitsrestricted stock units, or benefits in lieu of Restricted Stock Unitsrestricted stock units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units restricted stock units shall be granted, the number of Restricted Stock Units restricted stock units subject to each Restricted Stock Unit restricted stock units award and the time or times when the Restricted Stock Units restricted stock units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Restricted Stock Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these Restricted Stock Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc)

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Labor Law. By accepting this Restricted Stock Units award, the Employee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right of the Employee to receive future grants of Restricted [Form of agreement for members of Executive Staff] Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall will be granted, the number of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which that is outside the scope of the Employee’s employment contract, if any; (e) these Restricted Stock Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will shall cease upon termination Termination of employment Service for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the CompanyAffiliates; and (ji) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Restricted Stock Units award, the Employee Grantee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right of the Grantee to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall will be granted, the number of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall will vest, will be at the sole discretion of the Company; (c) the EmployeeGrantee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which that is outside the scope of any subsequent employment contract with the Employee’s employment contractGrantee, if any; (e) these Restricted Stock Units are not part of the EmployeeGrantee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will cease upon termination of employment service as a Director for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee Grantee in the EmployeeGrantee’s status as an employee a Nonemployee Director of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the Company; and (ji) there shall will be no additional obligations for any Subsidiary Affiliate employing the Employee Grantee as a result of these Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De)

Labor Law. By accepting this award of Restricted Stock Units awardUnits, the Employee Participant acknowledges that: (a) the grant of these this award of Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of shares of Stock issuable pursuant to each award of Restricted Stock Units subject to each Restricted Stock Unit award and Units, the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value this award of these Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Restricted Stock Units are is not part of the EmployeeParticipant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this award of Restricted Stock Units will cease ceases upon termination of employment Service for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares shares of Stock is unknown and cannot be predicted with certainty; (h) these this award of Restricted Stock Units have has been granted to the Employee Participant in the EmployeeParticipant’s status as an Employee, a non-employee member of the Board or a consultant or independent advisor of the Company or its SubsidiariesParent or Subsidiary; (i) any claims resulting from these this award of Restricted Stock Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee Participant’s Employer as a result of these this award of Restricted Stock Units.

Appears in 1 contract

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

Labor Law. By accepting this these Restricted Stock Units awardUnits, the Employee Grantee acknowledges that: (a) the grant of these Restricted Stock Units is a one-time benefit which does not create any contractual or other right of the Grantee to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall will be granted, the number of Restricted Stock Units subject to each Restricted Stock Unit award and the time or times when the Restricted Stock Units shall will vest, will be at the sole discretion of the Company; (c) the EmployeeGrantee’s participation in the Plan is voluntary; (d) the value of these Restricted Stock Units is an extraordinary item of compensation which that is outside the scope of any subsequent employment contract with the Employee’s employment contractGrantee, if any; (e) these Restricted Stock Units are not part of the EmployeeGrantee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Restricted Stock Units will cease upon termination of employment service as a Director for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Restricted Stock Units have been granted to the Employee Grantee in the EmployeeGrantee’s status as an employee a Nonemployee Director of the Company or its Subsidiaries; (i) any claims resulting from these Restricted Stock Units shall be enforceable, if at all, against the Company; and (ji) there shall will be no additional obligations for any Subsidiary Affiliate employing the Employee Grantee as a result of these Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Restricted Stock Units Unit award, the Employee acknowledges that: (a) the grant of these this Restricted Stock Units Unit award is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock Units, or benefits in lieu of Restricted Stock Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock Units shall be granted, the number of Restricted Stock Units Shares subject to each Restricted Stock Unit award award, the purchase price per Share, and the time or times when the Restricted Stock Units shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these this Restricted Stock Units Unit award is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these this Restricted Stock Units are Unit award is not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this Restricted Stock Units will cease Unit award ceases upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these this Restricted Stock Units have Unit award has been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these this Restricted Stock Units Unit award shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these this Restricted Stock UnitsUnit award.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Carrier Access Corp)

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