Common use of No Future Entitlement Clause in Contracts

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 13 contracts

Samples: Restricted Stock Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Agreement (CareMax, Inc.), Restricted Stock Agreement (Whole Earth Brands, Inc.)

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No Future Entitlement. By your signing this Agreementthe Notice, you acknowledge and agree that: (i) the grant of these Award Shares a performance-based restricted stock unit award is a one-time benefit which does not create any contractual or other right to receive future grants of stockperformance-based restricted stock units, or compensation in lieu of performance-based restricted stock grantsunits, even if performance-based restricted stock grants units have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, terms thereof will be at the sole discretion of the AdministratorCompensation Committee; (iii) the value of this the performance-based restricted stock grant units is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this the performance-based restricted stock grant units is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares the performance-based restricted stock units ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Sharesthe performance-based restricted stock units; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares the performance-based restricted stock units decrease or do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 5 contracts

Samples: Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)

No Future Entitlement. By your signing this Agreementthe Notice, you acknowledge and agree that: (i) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the AdministratorCommittee; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Award Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Halozyme Therapeutics, Inc.), Restricted Stock Award Agreement (Halozyme Therapeutics Inc), Restricted Stock Award Agreement (Halozyme Therapeutics Inc)

No Future Entitlement. By your signing this Agreementexecution of the Certificate, you acknowledge the Grantee acknowledges and agree agrees that: (i) the grant of these Award Shares the Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the AdministratorBoard; (iii) the value of this stock grant the Option is an extraordinary item of compensation which is outside the scope of your the Grantee’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares the Option ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Company Stock does not increase in value, the Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you the Grantee irrevocably release releases the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Incentive Stock Option Grant (GAIN Capital Holdings, Inc.), Nonqualified Stock Option Grant (GAIN Capital Holdings, Inc.)

No Future Entitlement. By your signing this Agreement, you acknowledge The Employee acknowledges and agree agrees that: (i) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your the Employee’s employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you the Employee irrevocably release releases the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Restricted Stock Grant Agreement (Telecommunication Systems Inc /Fa/), Restricted Stock Grant Agreement (Telecommunication Systems Inc /Fa/)

No Future Entitlement. By your signing this Agreement, you acknowledge The Optionee acknowledges and agree agrees that: (i) the grant of these Award Shares Options is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the Administrator; (iii) the value of this stock grant these Options is an extraordinary item of compensation which is outside the scope of your the Optionee’s employment contract, if any; (iv) the value of this stock grant these Options is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Options ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Common Stock does not increase in value, these Options will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Options do not increase in value and you the Optionee irrevocably release releases the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Grant Agreement (Telecommunication Systems Inc /Fa/), Stock Option Grant Agreement (Telecommunication Systems Inc /Fa/)

No Future Entitlement. By your signing this Agreementexecution of the Certificate, you acknowledge the Grantee acknowledges and agree agrees that: (i) the grant of these Award Shares the Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of stockRestricted Stock Units, or compensation in lieu of stock grantsRestricted Stock Units, even if stock grants Restricted Stock Units have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Restricted Stock Units shall be grantedgranted or shall become vested, the maximum number of shares subject to each stock grantgrant of Restricted Stock Units, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, if any, will be at the sole discretion of the AdministratorBoard; (iii) the value of this stock grant the Restricted Stock Units is an extraordinary item of compensation which is outside the scope of your the Grantee’s employment contract, if any; (iv) the value of this stock grant the Restricted Stock Units is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares the Restricted Stock Units ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; and (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase the Restricted Stock Units decrease in value and you the Grantee irrevocably release releases the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (GAIN Capital Holdings, Inc.), Restricted Stock Unit Agreement (GAIN Capital Holdings, Inc.)

No Future Entitlement. By your signing this Agreementexecution of the Notice, you acknowledge and agree that: (i) the grant of these Award Shares Options is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the Administrator; (iii) the value of this stock grant these Options is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant these Options is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Options ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Common Stock does not increase in value, these Options will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Options do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (CareMax, Inc.), Incentive Stock Option Agreement (CareMax, Inc.)

No Future Entitlement. By your signing this Agreement, you acknowledge The Employee acknowledges and agree agrees that: (i) the grant of these Award Shares Options is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the Administrator; (iii) the value of this stock grant these Options is an extraordinary item of compensation which is outside the scope of your the Employee’s employment contract, if any; (iv) the value of this stock grant these Options is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Options ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Common Stock does not increase in value, these Options will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Options do not increase in value and you the Employee irrevocably release releases the Company from any such claim that does arise.

Appears in 2 contracts

Samples: Incentive Stock Option Grant Agreement (Telecommunication Systems Inc /Fa/), Incentive Stock Option Grant Agreement (Telecommunication Systems Inc /Fa/)

No Future Entitlement. By your signing execution of this Agreement, you acknowledge the Employee acknowledges and agree agrees that: (i) the grant of these Award Shares an Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockOptions, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the pastOptions; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Options shall be granted, the maximum number of shares Shares subject to each stock grant, Option and the times or conditions under which restrictions on such stock grants shall lapseExercise Price, will be at the sole discretion of the AdministratorCompany; (iii) the value of this stock grant is an extraordinary item of compensation which the Option is outside the scope of your the Employee’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, purposes of calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefitsbenefits or similar payments; (v) the vesting of these Award Shares the Option ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying stock does not increase in value, this Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you the Employee irrevocably release releases the Company from any such claim that does arise. Neither this Agreement nor any provision thereunder shall be construed so as to grant the Employee any right to remain in the Service of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Net 1 Ueps Technologies Inc)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these the RSUs and the Performance Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares Shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares RSUs ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award SharesRSUs; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares RSUs do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Agreement (Perma-Pipe International Holdings, Inc.)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares Units is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares Shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Units ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award SharesUnits; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.Employee Restricted Stock Unit Grant - US

Appears in 1 contract

Samples: Ppih Employee Restricted Stock Unit Grant Restricted Stock Unit Agreement (Perma-Pipe International Holdings, Inc.)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if anycompensation; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Companyyour service, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Restricted Stock Agreement (Unilife Corp)

No Future Entitlement. By your signing execution of this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares Options is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares Shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the Administrator; (iii) the value of this stock grant these Options is an extraordinary item of compensation which is outside the scope of your employment or services contract, if any; (iv) the value of this stock grant these Options is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Options ceases upon termination of employment your Services with the Company or transfer of employment your Services from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Shares does not increase in value, these Options will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Options do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: PureTech Health PLC

No Future Entitlement. By your signing this Agreementthe Notice, you acknowledge and agree that: (i) the grant of these Award Shares a cash settled performance stock unit award is a one-time benefit which does not create any contractual or other right to receive future grants of stockcash settled performance stock units, or compensation in lieu of cash settled performance EXHIBIT 10.16 stock grantsunits, even if cash settled performance stock grants units have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, terms thereof will be at the sole discretion of the AdministratorCompensation Committee; (iii) the value of this the cash settled performance stock grant units is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this the cash settled performance stock grant units is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares the cash settled performance units ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Sharesthe cash settled performance units; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares the cash settled performance units decrease or do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Performance Unit Agreement (Skyward Specialty Insurance Group, Inc.)

No Future Entitlement. By your signing execution of this Agreement, you acknowledge Employee acknowledges and agree agrees that: (i) the grant of these Award Shares an Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockOptions, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the pastOptions; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Options shall be granted, the maximum number of shares Shares subject to each stock grant, Option and the times or conditions under which restrictions on such stock grants shall lapseExercise Price, will be at the sole discretion of the AdministratorCompany; (iii) the value of this stock grant is an extraordinary item of compensation which the Option is outside the scope of your Employee’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, purposes of calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefitsbenefits or similar payments; (v) the vesting of these Award Shares the Option ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying stock does not increase in value, this Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you Employee irrevocably release releases the Company from any such claim that does arise. Neither this Agreement nor any provision thereunder shall be construed so as to grant the Employee any right to remain in the Service of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Net 1 Ueps Technologies Inc)

No Future Entitlement. By your signing this Agreementthe Notice, you acknowledge and agree that: (i) the grant of these Award Shares a restricted stock unit award is a one-time benefit which does not create any contractual or other right to receive future grants of stockrestricted stock units, or compensation in lieu of restricted stock grantsunits, even if restricted stock grants units have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, terms thereof will be at the sole discretion of the Administrator; (iii) the value of this the restricted stock grant units is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this the restricted stock grant units is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares the restricted stock units ceases upon termination of your employment or service with the Company or any of its subsidiaries or transfer of employment from the CompanyCompany or any of its subsidiaries, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Sharesthe restricted stock units; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares the restricted stock units decrease or do not increase in value and you irrevocably release the Company and its subsidiaries from any such claim that does arise.

Appears in 1 contract

Samples: NUSCALE POWER Corp

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No Future Entitlement. By your signing execution of this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares Options is a one-time benefit which does not create any contractual or other right to receive future grants of stockstock options, or compensation in lieu of stock grantsoptions, even if stock grants options have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants options shall be grantedgranted or shall become exercisable, the maximum number of shares Shares subject to each stock grantoption, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, will be at the sole discretion of the Administrator; (iii) the value of this stock grant these Options is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant these Options is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Options ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying Shares does not increase in value, these Options will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Options do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: PureTech Health PLC

No Future Entitlement. By your signing execution of this Agreement, you acknowledge the Employee acknowledges and agree agrees that: (i) the grant of these Award Shares an Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockOptions, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the pastOptions; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Options shall be granted, the maximum number of shares Shares subject to each stock grant, Option and the times or conditions under which restrictions on such stock grants shall lapseExercise Price, will be at the sole discretion of the AdministratorCompany; (iii) the value of this stock grant is an extraordinary item of compensation which the Option is outside the scope of your the Employee’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, purposes of calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefitsbenefits or similar payments; (v) the vesting of these Award Shares the Option ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying stock does not increase in value, this Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you the Employee irrevocably release releases the Company from any such claim that does arise. Neither this Agreement nor any provision thereunder shall be construed so as to grant the Employee any right to remain in the Service of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Net 1 Ueps Technologies Inc)

No Future Entitlement. By your signing this Agreementexecution of the Certificate, you acknowledge the Grantee acknowledges and agree agrees that: (i) the grant of these Award the Restricted Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stockRestricted Shares, or compensation in lieu of stock grantsRestricted Shares, even if stock grants Restricted Shares have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Restricted Shares shall be grantedgranted or shall become vested, the maximum number of shares subject to each stock grantgrant of Restricted Shares, and the times or conditions under which restrictions on such stock grants shall lapsepurchase price, if any, will be at the sole discretion of the AdministratorBoard; (iii) the value of this stock grant the Restricted Shares is an extraordinary item of compensation which is outside the scope of your the Grantee’s employment contract, if any; (iv) the value of this stock grant the Restricted Shares is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award the Restricted Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; and (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award the Restricted Shares do not increase decrease in value and you the Grantee irrevocably release releases the Company from any such claim that does arise.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (GAIN Capital Holdings, Inc.)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the AdministratorCommittee; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Agreement (Atlas Lithium Corp)

No Future Entitlement. By your signing execution of this Agreement, you acknowledge the Employee acknowledges and agree agrees that: (i) the grant of these Award Shares an Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockOptions, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the pastOptions; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Options shall be granted, the maximum number of shares Shares subject to each stock grant, Option and the times or conditions under which restrictions on such stock grants shall lapseExercise Price, will be at the sole discretion of the AdministratorCompany; (iii) the value of this stock grant is an extraordinary item of compensation which the Option is outside the scope of your the Employee’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected compensation or salary for any purpose, including, but not limited to, purposes of calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits, or similar payments; (v) the vesting of these Award Shares the Option ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying stock does not increase in value, this Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you the Employee irrevocably release releases the Company from any such claim that does arise. Neither this Agreement nor any provision thereunder shall be construed so as to grant the Employee any right to remain in the Service of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Net 1 Ueps Technologies Inc)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these the Restricted Shares and the Performance Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares Shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Restricted Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Restricted Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Restricted Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Perma-Pipe International Holdings, Inc.

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (ia) the grant of these Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (iib) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iiic) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (ivd) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vie) the Company does not guarantee any future value of these Award Shares; and (viif) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Consulting Agreement (Unilife Corp)

No Future Entitlement. By your Executive’s signing this Agreement, you acknowledge he acknowledges and agree agrees that: (i) the grant of these this Award Shares is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your Executive’s employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award Shares; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do not increase in value and you Executive irrevocably release releases the Company from any such claim that does arise.

Appears in 1 contract

Samples: Equity Incentive Award Agreement (Organovo Holdings, Inc.)

No Future Entitlement. By your signing execution of this Agreement, you acknowledge Employee acknowledges and agree agrees that: (i) the grant of these Award Shares an Option is a one-time benefit which does not create any contractual or other right to receive future grants of stockOptions, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the pastOptions; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants Options shall be granted, the maximum number of shares Shares subject to each stock grant, Option and the times or conditions under which restrictions on such stock grants shall lapseExercise Price, will be at the sole discretion of the AdministratorCompany; (iii) the value of this stock grant is an extraordinary item of compensation which the Option is outside the scope of your Employ’s employment contract, if any; (iv) the value of this stock grant the Option is not part of normal or expected expectede compensation or salary for any purpose, including, but not limited to, purposes of calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefitsbenefits or similar payments; (v) the vesting of these Award Shares the Option ceases upon termination of employment Service with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) if the underlying stock does not increase in value, this Option will have no value, nor does the Company does not guarantee any future value of these Award Sharesvalue; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares do the Option does not increase in value and you Employee irrevocably release releases the Company from any such claim that does arise. Neither this Agreement nor any provision thereunder shall be construed so as to grant the Employee any right to remain in the Service of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Net 1 Ueps Technologies Inc)

No Future Entitlement. By your signing this Agreement, you acknowledge and agree that: (i) the grant of these Award Shares Units is a one-time benefit which does not create any contractual or other right to receive future grants of stock, or compensation in lieu of stock grants, even if stock grants have been granted repeatedly in the past; (ii) all determinations with respect to any such future grants, including, but not limited to, the times when stock grants shall be granted, the maximum number of shares Shares subject to each stock grant, and the times or conditions under which restrictions on such stock grants shall lapse, will be at the sole discretion of the Administrator; (iii) the value of this stock grant is an extraordinary item of compensation which is outside the scope of your employment contract, if any; (iv) the value of this stock grant is not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculating any termination, severance, resignation, redundancy, end of service payments or similar payments, or bonuses, long-service awards, pension or retirement benefits; (v) the vesting of these Award Shares Units ceases upon termination of employment with the Company or transfer of employment from the Company, or other cessation of eligibility for any reason, except as may otherwise be explicitly provided in this Agreement; (vi) the Company does not guarantee any future value of these Award SharesUnits; and (vii) no claim or entitlement to compensation or damages arises if these Award Shares Units do not increase in value and you irrevocably release the Company from any such claim that does arise.

Appears in 1 contract

Samples: Employee Restricted Stock Unit Grant (Perma-Pipe International Holdings, Inc.)

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