Common use of Voluntary Participation Clause in Contracts

Voluntary Participation. Participation in the Plan is voluntary. The value of the Award is an extraordinary item of compensation outside the scope of the Participant’s employment contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

Appears in 15 contracts

Samples: Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/), Restricted Stock Unit Award Agreement (Comerica Inc /New/), Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/)

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Voluntary Participation. Participation in the Plan is voluntary. The value of the Award is an extraordinary item of compensation outside the scope of the ParticipantAward Recipient’s employment contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

Appears in 12 contracts

Samples: Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/), Restricted Stock Unit Award Agreement, Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/)

Voluntary Participation. Participation Your participation in the Plan is voluntary. The value of the this Award is an extraordinary item of compensation compensation, is outside the scope of the Participant’s your employment contract, if any. As such, the Award and is not part of your normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension pension, or retirement benefits or similar payments.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (State Street Corp), Restricted Stock Unit Award Agreement (State Street Corp)

Voluntary Participation. Participation in the Plan is voluntary. The value of the Award is an extraordinary item of compensation outside the scope of the ParticipantAward Recipient’s employment consulting contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

Appears in 1 contract

Samples: Executive Employment Agreement (PetVivo Holdings, Inc.)

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Voluntary Participation. Participation Your participation in the Plan is voluntary. The value of the Award Shares is an extraordinary item of compensation outside the scope of the Participant’s your employment contract, if any. As such, the Award is Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension pensions or retirement benefits or similar paymentspayments unless specifically and otherwise provided. Rather, the awarding of the Award Shares under the Plan represents a mere investment opportunity.

Appears in 1 contract

Samples: Restricted Shares Award Agreement (Li Xiang)

Voluntary Participation. Participation in the Plan is voluntary. The value of the Award is an extraordinary item of compensation outside the scope of the Participant’s employment or service contract, if any. As such, the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Comerica Inc /New/)

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