Common use of MARKET FLUCTUATIONS Clause in Contracts

MARKET FLUCTUATIONS. The Company is not responsible for any foreign exchange fluctuations between the Participant’s local currency, if the Participant is not located in the U.S., and the U.S. dollar nor is the Company responsible or liable for any decrease in the value of the Company’s Common Stock at any time, all of which shall be solely the risk and responsibility of the Participant.

Appears in 10 contracts

Samples: Restricted Stock Unit Award Agreement (Legg Mason, Inc.), Restricted Stock Unit Award Agreement (Legg Mason, Inc.), Restricted Stock Unit Award Agreement (Legg Mason, Inc.)

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MARKET FLUCTUATIONS. The Company is not responsible for any foreign exchange fluctuations between the Participant’s local currency, if the Participant is not located in the U.S., and the U.S. dollar nor is the Company responsible or liable for any decrease in the value of the Company’s Common Stock at any time, all of which shall be solely the risk and responsibility of the Participant.

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (Legg Mason, Inc.), Performance Share Unit Award Agreement (Legg Mason, Inc.), Performance Share Unit Award Agreement (Legg Mason, Inc.)

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MARKET FLUCTUATIONS. The Company is not responsible for any foreign exchange fluctuations between the Participant’s 's local currency, if the Participant is not located in the U.S., and the U.S. dollar nor is the Company responsible or liable for any decrease in the value of the Company’s 's Common Stock at any time, all of which shall be solely the risk and responsibility of the Participant.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Legg Mason, Inc.)

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