Common use of No Additional Rights Clause in Contracts

No Additional Rights. Benefits under this Plan are not guaranteed. The grant of Awards is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s Awards is an extraordinary item outside the scope of Employee’s employment contract, if any. Employee’s Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiaries), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.

Appears in 18 contracts

Samples: Senior Executive Supplemental Non Qualified Stock Option Agreement (Marriott International Inc /Md/), Senior Executive Supplemental Stock Appreciation Right Agreement (Marriott International Inc /Md/), Employee Non Qualified Stock Option Agreement (Marriott International Inc /Md/)

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No Additional Rights. Benefits under this Plan are not guaranteed. The grant of Awards is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s Awards is an extraordinary item outside the scope of Employee’s employment contract, if any. Employee’s Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiariesCompany), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.

Appears in 14 contracts

Samples: Retention Executive Restricted Stock Unit Agreement (Marriott International Inc /Md/), Executive Restricted Stock Unit Agreement (Marriott International Inc /Md/), Business Integration Performance Share Unit Award Agreement (Marriott International Inc /Md/)

No Additional Rights. Benefits under this the Plan are not guaranteed. The grant of Awards this Award is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s Awards is an extraordinary item outside the scope of Employee’s employment contract, if any. Employee’s Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiaries), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.

Appears in 6 contracts

Samples: Performance Based Restricted Stock Unit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Performance Based Restricted Stock Unit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Performance Based Restricted Stock Unit Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

No Additional Rights. Benefits under this the Plan are not guaranteed. The grant of Awards this Award is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s Awards is an extraordinary item outside the scope of Employee’s employment contract, if any. Employee’s Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-of- service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiaries), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.

Appears in 2 contracts

Samples: Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

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No Additional Rights. Benefits under this Plan are not guaranteed. The grant of Awards is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s 's Awards is an extraordinary item outside the scope of Employee’s 's employment contract, if any. Employee’s 's Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiaries), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (Marriott International Inc /Md/)

No Additional Rights. Benefits under this the Plan are not guaranteed. The grant of Awards this Award is a one-time benefit and does not create any contractual or other right or claim to any future grants of Awards under the Plan, nor does a grant of Awards guarantee future participation in the Plan. The value of Employee’s Awards is an extraordinary item outside the scope of Employee’s employment contract, if any. Employee’s Awards are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-of- service payments, bonuses, long-term service awards, pension or retirement benefits (except as otherwise provided by the terms of any U.S.-qualified retirement or pension plan maintained by the Company or any of its subsidiaries), or similar payments. By accepting the terms of this Agreement, Employee further agrees to these same terms and conditions with respect to any other Awards Employee received in any prior year under the Plan.. 4825-6071-1869.2

Appears in 1 contract

Samples: Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

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