Common use of Labor Law Acknowledgement Clause in Contracts

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS

Appears in 4 contracts

Samples: Incentive Grant Agreement (Mondelez International, Inc.), Incentive Grant Agreement (Mondelez International, Inc.), Term Incentive Grant Agreement (Mondelez International, Inc.)

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Labor Law Acknowledgement. The Participant following provision supplements the acknowledgments contained in paragraph 12 of the Agreement: The Optionee acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the ParticipantOptionee’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS

Appears in 4 contracts

Samples: Non Qualified Global Stock Option Agreement (Mondelez International, Inc.), Non Qualified Global Stock Option Agreement (Mondelez International, Inc.), Non Qualified Global Stock Option Agreement (Mondelez International, Inc.)

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payableamounts, subject to the limitations provided in Law 1393/2010. NOTIFICATIONS

Appears in 3 contracts

Samples: Term Incentive Grant Agreement (Mondelez International, Inc.), Incentive Grant Agreement (Mondelez International, Inc.), Term Incentive Grant Agreement (Mondelez International, Inc.)

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Colombia Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONSpurposes.

Appears in 2 contracts

Samples: Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc), Global Restricted Stock Unit Award Agreement (Palo Alto Networks Inc)

Labor Law Acknowledgement. The Participant acknowledges You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they the RSUs and related benefits will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS.

Appears in 2 contracts

Samples: 2016 Equity Incentive Plan (Bunge LTD), 2016 Equity Incentive Plan (Bunge LTD)

Labor Law Acknowledgement. This provision supplements Section 1 of Appendix A: The Participant Team Member acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the ParticipantTeam Member’s “salary” for any legal purpose. Therefore, they The Plan and related benefits will not be included and/or and / or considered for purposes of calculating any and all labor benefits, such as legal/legal / fringe benefits, vacationsvacation, indemnities, payroll taxes, social insurance contributions and/or and / or any other labor-labor related amount which may be payable. NOTIFICATIONSNotifications

Appears in 2 contracts

Samples: Grant Agreement (Hewlett Packard Enterprise Co), Grant Agreement (Hewlett Packard Enterprise Co)

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS22

Appears in 1 contract

Samples: Incentive Grant Agreement (Mondelez International, Inc.)

Labor Law Acknowledgement. The Participant acknowledges You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they the Options and related benefits will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS.

Appears in 1 contract

Samples: Global Stock Option Agreement (Bunge LTD)

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Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Colombia Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they The Plan and related benefits will not be included and/or and / or considered for purposes of calculating any and all labor benefits, such as legal/legal / fringe benefits, vacationsvacation, indemnities, payroll taxes, social insurance contributions and/or (except as required by Article 30 of Law 1393/2010) and / or any other labor-labor related amount which may be payable. NOTIFICATIONS.

Appears in 1 contract

Samples: Alphabet Performance Stock Unit Agreement (Alphabet Inc.)

Labor Law Acknowledgement. The By accepting the Award, the Participant acknowledges that pursuant to Article 128 of the Colombian Colombia Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. ThereforeTo this extent, the Participant understands they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which that may be payable. NOTIFICATIONS.

Appears in 1 contract

Samples: Restricted Stock Unit Award (PPG Industries Inc)

Labor Law Acknowledgement. The Participant acknowledges You acknowledge that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purposepurposes. Therefore, they the Performance Units and related benefits will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS.

Appears in 1 contract

Samples: Global Performance Unit Agreement (Bunge LTD)

Labor Law Acknowledgement. The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable. NOTIFICATIONS.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Covetrus, Inc.)

Labor Law Acknowledgement. The following provision supplements Section 9 of this Agreement: The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any legal purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions indemnities and/or any other labor-related amount which may be payable. NOTIFICATIONS

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Tupperware Brands Corp)

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