Common use of Nature of Award Clause in Contracts

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any);

Appears in 5 contracts

Samples: Restricted Share Unit Award Agreement (Howmet Aerospace Inc.), Restricted Share Unit Award Agreement (Howmet Aerospace Inc.), Restricted Share Unit Award Agreement (Arconic Corp)

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Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknownunknown , indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any);

Appears in 3 contracts

Samples: Restricted Share Unit Award Agreement (Arconic Inc.), Restricted Share Unit Award Agreement (Arconic Inc.), Restricted Share Unit Award Agreement (Arconic Inc.)

Nature of Award. In accepting the Restricted Share Performance Units, the Participant acknowledges, understands and agrees that: a. (a) the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; b. (b) this Award award of Restricted Share Performance Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share grants of Performance Units, or benefits in lieu of Restricted Share Performance Units, even if Restricted Share Performance Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion (c) this award of the Company; d. this Award of Restricted Share Performance Units and the Participant’s participation in shares of Stock subject to the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the PlanPerformance Units, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. (d) all decisions with respect to future grants of Performance Units or other awards, if any, will be at the sole discretion of the Company; (e) Participant’s participation in the Plan is voluntary; (f) this award of Performance Units and any Stock acquired under the Plan, and the income and value of same, are not intended to replace any pension rights or compensation; (g) the future value of the Shares subject to Stock underlying the Restricted Share Performance Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. (h) no claim or entitlement to compensation or damages shall arise from forfeiture of any portion termination of this Award award of Restricted Share Performance Units or diminution in value of the Stock acquired upon settlement resulting from termination Participant’s separation from service (regardless of the Participant’s employment and/or service relationship (reason for any reason whatsoever the termination and regardless of whether or not the termination is later found to be invalid or in breach of applicable employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); (i) unless otherwise provided in the Plan or by the Company in its discretion, the Performance Units and the benefits evidenced by this Agreement do not create any entitlement to have the Performance Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the shares of Stock; and (j) the following provisions apply only if Participant is providing services outside the United States: (i) the Performance Units and the shares of Stock subject to the Performance Units, and the income and value of same, are not part of normal or expected compensation or salary for any purpose; and (ii) neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between his or her local currency and the United States Dollar that may affect the value of the Performance Units or of any amounts due to Participant pursuant to the settlement of the Performance Units or the subsequent sale of any shares of Stock acquired upon settlement.

Appears in 3 contracts

Samples: Performance Unit Agreement (Yum China Holdings, Inc.), Performance Unit Agreement (Yum China Holdings, Inc.), Performance Unit Agreement (Yum China Holdings, Inc.)

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-long- service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any);

Appears in 2 contracts

Samples: Restricted Share Unit Award Agreement, Restricted Share Unit Award Agreement

Nature of Award. In accepting the Restricted Share UnitsAward, the Participant Employee acknowledges, understands and agrees that: a. the (a) The Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; b. this (b) The Award of Restricted Share Units the restricted stock units hereunder is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share UnitsAwards of restricted stock units, or any benefits in lieu of Restricted Share Unitsrestricted stock units, even if Restricted Share Units restricted stock units have been granted awarded in the past; c. all (c) All decisions with respect to future Restricted Share Units restricted stock unit or other Awardsawards, if any, will be at the sole discretion of the Company; d. this (d) The Award of Restricted Share Units and the ParticipantEmployee’s participation in the Plan shall not create a right to, to employment or be interpreted as forming or amending an employment or service services contract with the Company Company, or any Related Companies and shall not interfere with the ability of the Employer Company, or any Related Company, as applicable, to terminate the ParticipantEmployee’s employment contract or service relationship (if any) at any time); e. the Participant’s participation in the Plan is voluntary; f. this (e) The Award of Restricted Share Units and the Shares acquired under shares of Jacobs Common Stock subject to the PlanAward, and the income from and value of same, are not intended to replace and any pension rights ultimate gain, loss, income or compensation; g. this expense associated with the Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of Employee’s normal or expected compensation or salary for any purposes, including, without limitation, purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no (f) No claim or entitlement to compensation or damages shall arise from forfeiture of the Award for any portion of this Award of Restricted Share Units reason, including forfeiture resulting from termination of Employee ceasing to provide employment or other services to the Participant’s employment and/or service relationship Company or any Related Company (for any reason whatsoever and regardless of whether or not later found to be invalid or in breach of applicable employment laws in the jurisdiction where the Participant Employee is employed or the terms of the ParticipantEmployee’s employment agreement, if any);, and in consideration of the Award to which Employee is otherwise not entitled, Employee irrevocably agrees never to institute or allow to be instituted on his or her behalf any claim against the Company or any of its Related Companies, waives his or her ability, if any, to bring any such claim, and releases the Company and any Related Companies from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim. Restricted Stock Unit Agreement – Performance Shares (TSR)

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/), Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/)

Nature of Award. In By accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-long- service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any)) and/or the application of any recoupment, recovery or clawback policy or procedure; k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 2 contracts

Samples: Restricted Share Unit Award Agreement, Restricted Share Unit Award Agreement

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any);

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Arconic Inc.)

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknownunknown , indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

Nature of Award. In accepting the Restricted Share UnitsAward, the Participant Employee acknowledges, understands and agrees that: a. the The Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; b. this The Award of the Restricted Share Stock Units hereunder is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Awards of Restricted Share Stock Units, or any benefits in lieu of Restricted Share Stock Units, even if Restricted Share Stock Units have been granted awarded in the past; c. all All decisions with respect to future Restricted Share Units Stock Unit or other Awardsawards, if any, will be at the sole discretion of the Company; d. this The Award of Restricted Share Units and the Participant’s Employee's participation in the Plan shall not create a right to, to employment or be interpreted as forming or amending an employment or service services contract with the Company Company, or any Related Companies and shall not interfere with the ability of the Employer Company, or any Related Company, as applicable, to terminate the Participant’s Employee's employment contract or service relationship (if any) at any time); e. the Participant’s participation in the Plan is voluntary; f. this The Award of Restricted Share Units and the Shares acquired under shares of Jacobs Common Stock subject to the PlanAward, and the income from and value of same, are not intended to replace and any pension rights ultimate gain, loss, income or compensation; g. this expense associated with the Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of Employee's normal or expected compensation or salary for any purposes, including, without limitation, purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no f. No claim or entitlement to compensation or damages shall arise from forfeiture of the Award for any portion of this Award of Restricted Share Units reason, including forfeiture resulting from termination of Employee ceasing to provide employment or other services to the Participant’s employment and/or service relationship Company or any Related Company (for any reason whatsoever and regardless of whether or not later found to be invalid or in breach of applicable employment laws in the jurisdiction where the Participant Employee is employed or the terms of the Participant’s Employee's employment agreement, if any);, and in consideration of the Award to which Employee is otherwise not entitled, Employee irrevocably agrees never to institute or allow to be instituted on his or her behalf any claim against the Company or any of its Related Companies, waives his or her ability, if any, to bring any such claim, and releases the Company and any Related Companies from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/)

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Arconic Corp)

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Nature of Award. In accepting the Restricted Share UnitsAward, the Participant Employee acknowledges, understands and agrees that: a. the (a) The Plan is established voluntarily by the Company, that the Plan is discretionary in nature and it may be modified, amended, suspended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; b. this (b) The Award of the Restricted Share Units Stock Unit is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Awards of Restricted Share Units, Stock Units or any benefits in lieu of Restricted Share Stock Units, even if Restricted Share Stock Units have been granted awarded in the past; c. all (c) All decisions with respect to future Restricted Share Units Stock Unit or other Awardsawards, if any, will be at the sole discretion of the Company; d. this (d) The Award of Restricted Share Units and the ParticipantEmployee’s participation in the Plan shall not create a right to, to employment or be interpreted as forming or amending an employment or service services contract with the Company, or any Related Company and shall not interfere with the ability of the Employer Company, or any Related Company, as applicable, to terminate the ParticipantEmployee’s employment contract or service relationship (if any) at any time); e. (e) The Award Unit and any ultimate gain, loss, income or expense associated with the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of Employee’s normal or expected compensation or salary for any purposes, including, without limitation, purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no (f) No claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Stock Unit for any portion of this Award of Restricted Share Units reason, including forfeiture resulting from termination of Employee ceasing to provide employment or other services to the Participant’s employment and/or service relationship Company or any Related Company (for any reason whatsoever and regardless of whether or not later found to be invalid or in breach of applicable employment laws in the jurisdiction where the Participant Employee is employed or the terms of the ParticipantEmployee’s employment agreement, if any);, and in consideration of the Award of the Restricted Stock Unit to which Employee is otherwise not entitled, Employee irrevocably agrees never to institute or allow to be instituted on his or her behalf any claim against the Company or any of its Related Companies, waives his or her ability, if any, to bring any such claim, and releases the Company and any Related Companies from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/)

Nature of Award. In By accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares or other amounts acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares or other amounts acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares or other amounts acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any)) and/or the application of any recoupment, recovery or clawback policy or procedure; k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

Nature of Award. In accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any)) and/or the application of any recoupment, recovery or clawback policy; k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement

Nature of Award. In accepting the Restricted Share UnitsAward, the Participant Employee acknowledges, understands and agrees that: a. the The Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; b. this The Award of the Restricted Share Stock Units hereunder is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Awards of Restricted Share Stock Units, or any benefits in lieu of Restricted Share Stock Units, even if Restricted Share Stock Units have been granted awarded in the past; c. all All decisions with respect to future Restricted Share Units Stock Unit or other Awardsawards, if any, will be at the sole discretion of the Company; d. this The Award of Restricted Share Units and the ParticipantEmployee’s participation in the Plan shall not create a right to, to employment or be interpreted as forming or amending an employment or service services contract with the Company Company, or any Related Companies and shall not interfere with the ability of the Employer Company, or any Related Company, as applicable, to terminate the ParticipantEmployee’s employment contract or service relationship (if any) at any time); e. the Participant’s participation in the Plan is voluntary; f. this The Award of Restricted Share Units and the Shares acquired under shares of Jacobs Common Stock subject to the PlanAward, and the income from and value of same, are not intended to replace and any pension rights ultimate gain, loss, income or compensation; g. this expense associated with the Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of Employee’s normal or expected compensation or salary for any purposes, including, without limitation, purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no f. No claim or entitlement to compensation or damages shall arise from forfeiture of the Award for any portion of this Award of Restricted Share Units reason, including forfeiture resulting from termination of Employee ceasing to provide employment or other services to the Participant’s employment and/or service relationship Company or any Related Company (for any reason whatsoever and regardless of whether or not later found to be invalid or in breach of applicable employment laws in the jurisdiction where the Participant Employee is employed or the terms of the ParticipantEmployee’s employment agreement, if any);, and in consideration of the Award to which Employee is otherwise not entitled, Employee irrevocably agrees never to institute or allow to be instituted on his or her behalf any claim against the Company or any of its Related Companies, waives his or her ability, if any, to bring any such claim, and releases the Company and any Related Companies from any such claim; if, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, Employee shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claim.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Jacobs Engineering Group Inc /De/)

Nature of Award. In By accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any)) and/or the application of any recoupment, recovery or clawback policy, including, without limitation, in accordance with Section 15 of the Award Agreement; k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Howmet Aerospace Inc.)

Nature of Award. In By accepting the Restricted Share Units, the Participant acknowledges, understands and agrees that: a. the Plan is established voluntarily by the Company, is discretionary in nature and may be modified, amended, suspended, or terminated by the Company at any time, to the extent permitted by the Plan; b. this Award of Restricted Share Units is exceptional, voluntary and occasional and does not create any contractual or other right to receive future Restricted Share Units, or benefits in lieu of Restricted Share Units, even if Restricted Share Units have been granted in the past; c. all decisions with respect to future Restricted Share Units or other Awards, if any, will be at the sole discretion of the Company; d. this Award of Restricted Share Units and the Participant’s participation in the Plan shall not create a right to, or be interpreted as forming or amending an employment or service contract with the Company and shall not interfere with the ability of the Employer to terminate the Participant’s employment contract (if any) at any time; e. the Participant’s participation in the Plan is voluntary; f. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation; g. this Award of Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not part of normal or expected compensation or salary for any purposes, including, without limitation, calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; h. the future value of the Shares subject to the Restricted Share Units is unknown, indeterminable and cannot be predicted with certainty; i. unless otherwise agreed with the Company, Restricted Share Units and the Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service the Participant may provide as a director of any Subsidiary; j. no claim or entitlement to compensation or damages shall arise from forfeiture of any portion of this Award of Restricted Share Units resulting from termination of the Participant’s employment and/or service relationship (for any reason whatsoever and regardless of whether later found to be invalid or in breach of applicable laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any)) and/or the application of any recoupment, recovery or clawback policy or procedure; k. unless otherwise provided in the Plan or by the Company in its discretion, this Award of Restricted Share Units and the benefits under the Plan evidenced by this Award Agreement do not create any entitlement to have this Award of Restricted Share Units or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and l. neither the Company, the Employer nor any other Subsidiary shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Share Units or of any amounts due to the Participant pursuant to the Restricted Share Units or the subsequent sale of any Shares acquired under the Plan.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Arconic Corp)

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