Common use of Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation Clause in Contracts

Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Awards evidenced hereby, you acknowledge: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) that the Award does not create any contractual or other right to receive future grants of Awards; (c) that participation in the Plan is voluntary; (d) that the value of the Awards is not part of 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; and (e) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

Appears in 14 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Emcore Corp), Performance Based Restricted Stock Unit Award Agreement (Emcore Corp), Performance Based Restricted Stock Unit Award Agreement (Emcore Corp)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Awards Options evidenced hereby, you acknowledgethe Participant acknowledges: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) that the Award does not create any contractual or other right to receive future grants of Awards; (c) that participation in the Plan is voluntary; (d) that the value of the Awards Options is not part of 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; and (e) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

Appears in 11 contracts

Samples: Stock Option Agreement (Gogo Inc.), Performance Stock Option Agreement (Gogo Inc.), Stock Option Agreement (Gogo Inc.)

Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Awards Options evidenced hereby, you acknowledgethe Participant acknowledges: (ai) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (bii) that the Award does not create any contractual or other right to receive future grants of Awards; (ciii) that participation in the Plan is voluntary; (div) that the value of the Awards Options is not part of 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; and (ev) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

Appears in 6 contracts

Samples: Employee Stock Option Agreement (Hertz Corp), Employee Stock Option Agreement (Hertz Corp), Employee Stock Option Agreement (Hertz Corp)

Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Awards Options evidenced hereby, you acknowledgeParticipant acknowledges: (ai) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (bii) that the Award does not create any contractual or other right to receive future grants of Awards; (ciii) that participation in the Plan is voluntary; (div) that the value of the Awards Options is not part of 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; and (ev) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Employment Agreement (Hertz Corp)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the Awards evidenced hereby, you acknowledge: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company Corporation at any time; (b) that the Award does not create any contractual or other right to receive future grants of Awards; (c) that participation in the Plan is voluntary; (d) that the value of the Awards is not part of 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; and (e) that the future value of the Common Stock is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Emcore Corp)

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