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

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (i) Participant's participation in the Plan is voluntary; (ii) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's forfeiture of any unvested portion of the Award as a result of Participant's Termination of Service with the Company or any Related Company for any reason; and (iv) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award will not be interpreted to form an employment contract with the Participant's employer, the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's rights or privileges hereunder.

Appears in 4 contracts

Samples: Restricted Stock Grant Agreement (Midsouth Bancorp Inc), Restricted Stock Award Agreement (Washington Mutual Inc), Washington Mutual Inc

AutoNDA by SimpleDocs

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion of the Award Unvested Shares as a result of Participant's Termination ’s termination of Service employment with the Company or any Related Company Subsidiary for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Adept Technology Inc), Restricted Stock Award Agreement (Adept Technology Inc), Restricted Stock Award Agreement (Adept Technology Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award Option is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion part of the Award Option as a result of Participant's Termination ’s termination of Service employment with the Company or any Related Company Subsidiary for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award Option will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 4 contracts

Samples: Option Agreement (Adept Technology Inc), Adept Technology Inc, Adept Technology Inc

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, Participant acknowledges that: (i) Participant's participation in the Plan is voluntary; (ii) the value of the Award Option is an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's forfeiture or expiration of any unvested portion of the Award Option as a result of Participant's Termination of Service with the Company or any Related Company for any reason; and (iv) in the event that Participant is not a direct employee of Company, the grant of the Award Option will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award Option will not be interpreted to form an employment contract with the Participant's employer, the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's rights or privileges hereunder.

Appears in 3 contracts

Samples: Washington Mutual Inc, Washington Mutual Inc, Washington Mutual Inc

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award Option is an extraordinary item which is outside the scope of any employment or service contract with Participant; (iiic) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion part of the Award Option as a result of Participant's Termination ’s termination of Service employment or services with the Company or any Related Company Subsidiary for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award Option will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 3 contracts

Samples: Option Agreement (Adept Technology Inc), Option Agreement (Adept Technology Inc), Adept Technology Inc

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion of the Award as a result of Participant's Termination of Service with the Company or any Related Company for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 3 contracts

Samples: Corporation Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Corporation Restricted Stock Unit Award Agreement (Arkansas Best Corp /De/), Corporation Restricted Stock Unit Award Agreement (Arkansas Best Corp /De/)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (i) Participant's ’s participation in the Plan is voluntary; (ii) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture of any unvested portion of the Award as a result of Participant's ’s Termination of Service with the Company or any Related Company for any reason; and (iv) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Washington Mutual, Inc), Restricted Stock Award Agreement (Washington Mutual, Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion of the Award as a result of Participant's Termination of Service with the Company or any Related Company for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form US 3225260v.3 an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Corporation Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, Participant acknowledges that: (i) Participant's ’s participation in the Plan is voluntary; (ii) the value of the Award Option is an extraordinary item which is outside the scope of any employment contract with Participant; (iii) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture or expiration of any unvested portion of the Award Option as a result of Participant's ’s Termination of Service with the Company or any Related Company for any reason; and (iv) in the event that Participant is not a direct employee of Company, the grant of the Award Option will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award Option will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 2 contracts

Samples: Stock Option Agreement (Washington Mutual, Inc), Stock Option Agreement (Washington Mutual, Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion of the Award as a result of Participant's ’s Termination of Service with the Company or any Related Company Subsidiary for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 1 contract

Samples: Corporation Restricted Stock Award Agreement (Arkansas Best Corp /De/)

AutoNDA by SimpleDocs

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant Optionee acknowledges that: (i) ParticipantOptionee's participation in the Plan is voluntary; (ii) the value of the Award is an extraordinary item which is outside the scope of any employment contract with ParticipantOptionee; (iii) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant Optionee will not be entitled to compensation or damages as a consequence of ParticipantOptionee's forfeiture of any unvested portion of the Award as a result of ParticipantOptionee's Termination of Service with the Company MidSouth or any Related Company for any reason; and (iv) in the event that Participant Optionee is not a direct employee of CompanyMidSouth, the grant of the Award will not be interpreted to form an employment relationship with the Company MidSouth or any Related Company and the grant of the Award will not be interpreted to form an employment contract with the ParticipantOptionee's employer, the Company MidSouth or any Related Company. The Company MidSouth shall be under no obligation whatsoever to advise the Participant Optionee of the existence, maturity or termination of any of ParticipantOptionee's rights hereunder and Participant Optionee shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of ParticipantOptionee's rights or privileges hereunder.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (Midsouth Bancorp Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardRestricted Shares, Participant Grantee acknowledges that: (ia) Participant's Grantee’s participation in the Plan is voluntary; (iib) the value of the Award Restricted Shares is an extraordinary item which is outside the scope of any employment or service contract with ParticipantGrantee; (iiic) the Award is Restricted Shares are not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant Grantee will not be entitled to compensation or damages as a consequence of Participant's Grantee’s forfeiture as provided for in the Plan or this Agreement of any unvested portion part of the Award Restricted Shares as a result of Participant's Termination Grantee’s termination of Service employment or services with the Company or any Related subsidiary of the Company for any reason; and (ivd) in the event that Participant Grantee is not a direct employee of the Company or any subsidiary of the Company, the grant of the Award Restricted Shares will not be interpreted to form an employment relationship with the Company or any Related subsidiary of the Company and the grant of the Award will not be interpreted to form an employment contract with the Participant's employer, the Company or any Related subsidiary of the Company. The Company shall be under no obligation whatsoever to advise the Participant Grantee of the existence, maturity or termination of any of Participant's Grantee’s rights hereunder and Participant Grantee shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's Grantee’s rights or privileges hereunder.

Appears in 1 contract

Samples: Restricted Stock Agreement (Falconstor Software Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, the Participant acknowledges that: (i) the Participant's ’s participation in the Plan is voluntary; (ii) the value of the Award Option is an extraordinary item which is outside the scope of any employment contract with the Participant; (iii) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and the Participant will not be entitled to compensation or damages as a consequence of the Participant's ’s forfeiture of any unvested portion of the Award Option as a result of the Participant's Termination ’s termination of Service service with the Company or any Related Company for any reason; and (iv) in the event that the Participant is not a direct employee of Company, the grant of the Award Option will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award Option will not be interpreted to form an employment contract with the Participant's employer, ’s employer or the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of the Participant's ’s rights hereunder and the Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of the Participant's ’s rights or privileges hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Korn Ferry International)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant acknowledges that: (ia) Participant's ’s participation in the Plan is voluntary; (iib) the value of the Award is an extraordinary item which is outside the scope of any employment contract with Participant; (iiic) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant will not be entitled to compensation or damages as a consequence of Participant's ’s forfeiture as provided for in the Plan or this Agreement of any unvested portion of the Award Shares as a result of Participant's Termination ’s termination of Service employment with the Company or any Related Company Subsidiary for any reason; and (ivd) in the event that Participant is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company Subsidiary and the grant of the Award will not be interpreted to form an employment contract with the Participant's ’s employer, the Company or any Related CompanySubsidiary. The Company shall be under no obligation whatsoever to advise the Participant of the existence, maturity or termination of any of Participant's ’s rights hereunder and Participant shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's ’s rights or privileges hereunder.

Appears in 1 contract

Samples: Performance Stock Award Agreement (Adept Technology Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, Participant Grantee acknowledges that: (i) Participant's Grantee’s participation in the Plan is voluntary; (ii) the value of the Award is an extraordinary item which is outside the scope of any employment contract with ParticipantGrantee; (iii) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Participant Grantee will not be entitled to compensation or damages as a consequence of Participant's Xxxxxxx’s forfeiture of any unvested portion of the Award as a result of Participant's Termination Grantee’s termination of Service service with the Company or any Related Company for any reason; and (iv) in the event that Participant Grantee is not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company or any Related Company and the grant of the Award will not be interpreted to form an employment contract with the Participant's employer, Grantee’s employer or the Company or any Related Company. The Company shall be under no obligation whatsoever to advise the Participant Grantee of the existence, maturity or termination of any of Participant's Xxxxxxx’s rights hereunder and Participant Xxxxxxx shall be responsible for familiarizing himself or herself with all matters contained herein and in the Plan which may affect any of Participant's Xxxxxxx’s rights or privileges hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Korn Ferry International)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!