Common use of No Right to Employment, etc Clause in Contracts

No Right to Employment, etc. (a) The execution and delivery of this Agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement and the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 3 contracts

Samples: Performance Contingent Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc)

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No Right to Employment, etc. (a) The execution and delivery of this Agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this AgreementAgreement and under the Plan, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement and under the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc)

No Right to Employment, etc. (a) The execution and delivery of this Agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement and under the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Avon Products Inc), Restricted Stock Unit Award Agreement (Avon Products Inc)

No Right to Employment, etc. (a) The execution and delivery of this Agreement and the granting of the RSUs PRSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs PRSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this AgreementAgreement and under the Plan, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement and under the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 1 contract

Samples: Performance Contingent Restricted Stock Unit Award Agreement (Avon Products Inc)

No Right to Employment, etc. (a) The execution and delivery of this Agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement and the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 1 contract

Samples: Performance Contingent Restricted Stock Unit Award Agreement (Avon Products Inc)

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No Right to Employment, etc. (a) The execution and delivery of this Agreement agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreementagreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement agreement and the Plan are not part of the Grantee’s ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s participation therein, at any time, at the Company’s sole discretion and without notice.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Avon Products Inc)

No Right to Employment, etc. (a) The execution and delivery of this Agreement agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreementagreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement agreement and the Plan are not part of the Grantee’s 's ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s 's participation therein, at any time, at the Company’s 's sole discretion and without notice.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Avon Products Inc)

No Right to Employment, etc. (a) The execution and delivery of this Agreement agreement and the granting of the RSUs hereunder shall not constitute or be evidence of any agreement or understanding, express or implied, on the part of the Company to employ the Grantee for any specific period. . (b) The award of the RSUs hereunder does not entitle the Grantee to any benefit other than that specifically granted under this Agreementagreement, nor to any future grants or other benefits under the Plan or any similar plan. Any benefits granted under this Agreement agreement and the Plan are not part of the Grantee’s 's ordinary compensation, and shall not be considered as part of such compensation in the event of severance, redundancy or resignation. The Grantee understands and accepts that the benefits granted under this Agreement agreement and the Plan are entirely at the grace and discretion of the Company and that the Company retains the right to amend or terminate the Plan, and/or the Grantee’s 's participation therein, at any time, at the Company’s 's sole discretion and without notice.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Avon Products Inc)

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