No Entitlement for Claims Sample Clauses
The "No Entitlement for Claims" clause establishes that a party is not permitted to make certain claims or seek compensation under specified circumstances. In practice, this clause typically applies to situations where delays, disruptions, or other events occur, but the contract explicitly states that these do not give rise to additional payment or time extensions. By including this provision, the contract aims to limit the liability of one party and prevent disputes over compensation for events that have been contractually excluded, thereby providing certainty and managing risk for both parties.
No Entitlement for Claims. The Company has unilaterally, gratuitously and discretionally decided to grant the PSUs under the Plan. In accepting this Agreement, Participant expressly acknowledges and accepts that the PSUs and the Shares issued pursuant to vesting are granted directly by the Company; therefore, such are not part of the salary, payments, bonuses, premiums, commissions, employment benefits in money or in kind, or any other benefits paid out by the Mexican Subsidiary to the Participant because of his/her services. Consequently, the PSUs are granted on the assumption and condition that PSUs and the Shares issued pursuant to vesting of the PSUs are not part of the Participant’s remuneration by the Mexican Subsidiary of the Company and shall not be considered for any purposes in connection with such Mexican Subsidiary, including without limitation, for determining any severance payment or compensation otherwise due, or any payments resulting from any employment relationship that may be in place.
No Entitlement for Claims. The PSUs and the Shares issued pursuant to vesting are not part of Employee’s work and pay conditions within the meaning of the Polish Labour Code and therefore, shall not be considered for the purposes of determining any severance pay, compensation, or any payment due to cessation of employment, any bonuses/awards, compensation related to non-competition arrangements, or any payments resulting from employment relationship, including payments towards employee capital plans (PPK).
No Entitlement for Claims. The RSUs and the Shares issued pursuant to vesting are not part of Employee’s work and pay conditions within the meaning of the Polish Labour Code and therefore, shall not be considered for the purposes of determining any severance pay, compensation, or any payment due to cessation of employment, any bonuses/awards, compensation related to non-competition arrangements, or any payments resulting from employment relationship, including payments towards employee capital plans (PPK). |EU-DOCS\32493229.1|| | 878498-0000||
No Entitlement for Claims. The RSUs and the Shares issued pursuant to vesting are neither part of the Participant’s compensation for holding a function of the Director nor the Participant’s employee work and pay conditions within the meaning of the Polish Labour Code and therefore, shall not be considered for the purposes of determining any severance pay, compensation, or any payment due to cessation of employment or term of office, any bonuses/awards, compensation related to non-competition arrangements, or any payments resulting from employment or corporate relationship, including payments towards employee capital plans (PPK).