Common use of Acquired Rights Clause in Contracts

Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary or bonus compensation and shall not be considered as part of such salary or bonus compensation in the event of severance, redundancy or resignation or for purposes of any employee benefit plans.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Covia Holdings Corp), Restricted Stock Unit Agreement (Covia Holdings Corp), Restricted Stock Unit Award Agreement (Covia Holdings Corp)

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Acquired Rights. The Participant acknowledges and agrees that: (a) the Company Corporation may terminate or amend the Plan at any time; (b) the award of the RSUs made under this Agreement is completely independent of any other award or grant and is made at in the sole discretion Discretion of the CompanyCorporation; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any none of the benefits granted under this Agreement are not part of the Participant’s 's ordinary salary or bonus compensation compensation, and shall not be considered as part of such salary or bonus compensation in the event of or for purposes of determining the amount of or entitlement to severance, redundancy or resignation or for purposes of benefits under any employee benefit plansplan.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (GENTHERM Inc), Restricted Stock Unit Award Agreement (GENTHERM Inc), Restricted Stock Unit Award Agreement (GENTHERM Inc)

Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award of RSUs PSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs PSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary or bonus compensation compensation, and shall not be considered as part of such salary or bonus compensation in the event of severance, redundancy or resignation or for purposes of any employee benefit plans.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (Covia Holdings Corp), Performance Stock Unit Agreement (Covia Holdings Corp)

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Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the award Award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary or bonus compensation and shall not be considered as part of such salary or bonus compensation in the event of severance, redundancy or resignation or for purposes of any employee benefit plans.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Covia Holdings Corp)

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