Common use of No Entitlement or Claims for Compensation Clause in Contracts

No Entitlement or Claims for Compensation. The grant of awards under the Plan is made at the discretion of the Administrator, and the Plan may be suspended or terminated by the Company at any time. The grant of an award in one year or at one time or repeatedly in the past does not in any way entitle the Grantee to the grant of an award (or benefits in lieu of awards) in the future. The Plan is wholly discretionary in nature and is not to be considered part of the Grantee’s normal or expected compensation subject to severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar compensation. The value of the Award and any Shares issued thereunder is an extraordinary item of compensation which is outside the scope of the Grantee’s employment contract (if any). The Grantee will have no rights to compensation or damages as a result of the his or her termination of employment for any reason whatsoever, whether or not in breach of contract, insofar as those rights arise or may arise from the Grantee ceasing to have rights under this Award as a result of such cessation or from the loss or diminution in value of such rights. If the Grantee did acquire any such rights, the Grantee is deemed to have waived them irrevocably by accepting the Award.

No Entitlement or Claims for Compensation. The grant of awards under the Plan is made at the discretion of the Administrator, and the Plan may be suspended or terminated by the Company at any time. The grant of an award in one year or at one time or repeatedly in the past does not in any way entitle the Grantee to the grant of an award (or benefits in lieu of awards) in the future. The Plan is wholly discretionary in nature and is not to be considered part of the Grantee’s normal or expected compensation subject to severance, resignation, termination, payment in lieu of notice, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar compensation. The value of the Award and any Awarded Shares issued thereunder is an extraordinary item of compensation which is outside the scope of the Grantee’s employment contract (if any). The Grantee will have no rights to compensation or damages as a result of the his or her termination of employment for any reason whatsoever, whether or not in breach of contract, insofar as those rights arise or may arise from the Grantee ceasing to have rights under this Award award as a result of such cessation or from the loss or diminution in value of such rights. If the Grantee did acquire any such rights, the Grantee is deemed to have waived them irrevocably by accepting the AwardAwarded Shares.