Labor Law Acknowledgment. This provision supplements Section 25 of the Agreement: In accepting the Restricted Stock Units, the Employee consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee understands that the Company has unilaterally, gratuitously, and discretionally decided to grant Restricted Stock Units under the Plan to individuals who may be employees of the Company or its Subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not bind the Company or any Subsidiary, other than to the extent set forth in this Agreement. Consequently, the Employee understands that the Restricted Stock Units are granted on the assumption and condition that the Restricted Stock Units and any Shares acquired upon vesting of the Restricted Stock Units are not a part of any employment contract (either with the Company or any Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee understands that this grant would not be made but for the assumptions and conditions referred to above; thus, the Employee acknowledges and freely accept that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units shall be null and void. There are no country-specific terms and conditions.
Appears in 5 contracts
Sources: Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc), Restricted Stock Unit Agreement (Polycom Inc)
Labor Law Acknowledgment. This provision supplements Section 25 Sections 2(g) and 7 of the Agreement: In By accepting the Restricted Stock UnitsRSUs, the Employee consents you consent to participation in the Plan and acknowledges acknowledge that he or she has you have received a copy of the PlanPlan document. The Employee understands You understand and agree that, as a condition of the grant of the RSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any RSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the RSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously, gratuitously and discretionally decided to grant Restricted Stock Units RSUs under the Plan to individuals who may be employees of the Company or its Subsidiaries throughout the worlda subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiarysubsidiary on an ongoing basis, other than to the extent as expressly set forth in this the Agreement. Consequently, the Employee understands you understand that the Restricted Stock Units RSUs are granted on the assumption and condition that the Restricted RSUs and the shares of Common Stock Units and any Shares acquired upon vesting of underlying the Restricted Stock Units are RSUs shall not become a part of any employment or service contract (either with the Company Company, the Employer or any Subsidiarysubsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, you understand that the Employee understands that this grant RSUs would not be made granted to you but for the assumptions and conditions referred to above; thus, the Employee acknowledges you acknowledge and freely accept that that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant Award of or right to the Restricted Stock Units RSUs shall be null and void. There are no country-specific terms and conditions.
Appears in 3 contracts
Sources: Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co), Restricted Stock Units Agreement (Bristol Myers Squibb Co)
Labor Law Acknowledgment. This provision supplements Section 25 Sections 2(h) and 7 of the Agreement: In By accepting the Restricted Stock UnitsMSUs, the Employee consents you consent to participation in the Plan and acknowledges acknowledge that he or she has you have received a copy of the PlanPlan document. The Employee understands You understand and agree that, as a condition of the grant of the MSUs, except as provided for in Section 2 of the Agreement, your termination of employment for any reason (including for the reasons listed below) will automatically result in the forfeiture of any MSUs that have not vested on the date of your termination. In particular, you understand and agree that, unless otherwise provided in the Agreement, the MSUs will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of your employment prior to vesting by reason of, including, but not limited to: resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, you understand that the Company has unilaterally, gratuitously, gratuitously and discretionally decided to grant Restricted Stock Units MSUs under the Plan to individuals who may be employees of the Company or its Subsidiaries throughout the worlda subsidiary. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiarysubsidiary on an ongoing basis, other than to the extent as expressly set forth in this the Agreement. Consequently, the Employee understands you understand that the Restricted Stock Units MSUs are granted on the assumption and condition that the Restricted MSUs and the shares of Common Stock Units and any Shares acquired upon vesting of underlying the Restricted Stock Units are MSUs shall not become a part of any employment or service contract (either with the Company Company, the Employer or any Subsidiarysubsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, you understand that the Employee understands that this grant MSUs would not be made granted to you but for the assumptions and conditions referred to above; thus, the Employee acknowledges you acknowledge and freely accept that that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant Award of or right to the Restricted Stock Units MSUs shall be null and void. There are no country-specific terms and conditions.
Appears in 2 contracts
Sources: Market Share Units Agreement (Bristol Myers Squibb Co), Market Share Units Agreement (Bristol Myers Squibb Co)
Labor Law Acknowledgment. This provision section supplements Section 25 10 of the AgreementRestricted Stock Unit Terms: In accepting the these Restricted Stock Units, the Employee Participant acknowledges that he or she consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee Participant understands that the Company has unilaterally, gratuitously, and discretionally decided to grant Restricted Stock Units under the Plan to individuals who may be employees of the Company or its Subsidiaries Service Providers throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiary, other than to the extent set forth in this AgreementParent or Subsidiary on an ongoing basis. Consequently, the Employee Participant understands that the these Restricted Stock Units are granted on the assumption and condition that the these Restricted Stock Units and any or the Shares acquired upon vesting of the Restricted Stock Units are shall not become a part of any employment or service contract (either with the Company or any Parent or Subsidiary) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee Participant understands that this grant would not be made to Participant but for the assumptions and conditions referred to above; thus, the Employee Participant acknowledges and freely accept accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the these Restricted Stock Units shall be null and void. There are no country-specific terms Further, the vesting of these Restricted Stock Units is expressly conditioned on Participant’s continued and conditions.active rendering of service, such that if Participant’s status as a Service Provider terminates for any reason whatsoever, these Restricted Stock Units cease vesting immediately effective on the date of Participant’s termination of status as a Service Provider. This will be the case, for example, even if (1) Participant is considered to be unfairly dismissed without good cause; (2) Participant is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) Participant terminates service due to a change of work location, duties or any other employment
Appears in 1 contract
Sources: Performance Based Restricted Stock Unit Agreement (Apptio Inc)
Labor Law Acknowledgment. This provision supplements The following provisions supplement Section 25 10 of the Agreement: In By accepting the Restricted Stock Unitsthis Award, the Employee consents you agree to participation in the Plan and acknowledges acknowledge that he or she has you have received a copy of the Plan. The Employee understands You understand and agree that, except as otherwise provided in the Agreement, you will forfeit any RSUs in the event of termination of your employment by reason of, but not limited to, resignation, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente,” individual or collective dismissal on objective grounds, whether adjudged or recognized to be with or without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Service Recipient and under Article 10.3 of the Royal Decree 1382/1985. You understand that the Company has unilaterally, gratuitously, gratuitously and discretionally decided to grant Restricted Stock Units RSUs under the Plan to individuals who may be are employees of the Company or its Subsidiaries Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiary, other than to the extent Affiliates on an ongoing basis except as set forth in this under the terms of the Plan and the Agreement. Consequently, the Employee understands you understand that the Restricted Stock Units are granted any Award is given on the assumption and condition that the Restricted Stock Units and any Shares acquired upon vesting of the Restricted Stock Units are it shall not become a part of any employment contract (either with the Company or any SubsidiaryAffiliates) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since the Employee understands that he or she will not be entitled future value of the RSUs and Shares is unknown and unpredictable and you may forfeit the RSUs if you terminate employment prior to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceasesvesting. In addition, the Employee understands you understand that this grant Award would not be made but for the assumptions and conditions referred to above; thus, the Employee acknowledges you understand, acknowledge and freely accept that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units this Award shall be null and void. There are no country-specific terms and conditions.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (Tapestry, Inc.)
Labor Law Acknowledgment. This provision supplements Section 25 8 of the Agreement: In accepting the Restricted Stock UnitsRSUs, the Employee Participant acknowledges that he or she consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee Participant understands and agrees that, as a condition of the grant of the RSUs, the Participant’s Termination of Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs as of the date of such termination without any payment to the Participant. In particular, the Participant understands and agrees that the RSUs will be cancelled without entitlement to the Shares or to any amount as indemnification in the event of the Participant’s Termination of Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. 408098219-v3\NA_DMS Furthermore, the Participant understands that the Company has unilaterally, gratuitously, gratuitously and discretionally in its sole discretion decided to grant Restricted Stock Units RSUs under the Plan to individuals who may be employees of the Company or its Subsidiaries Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiary, other than to the extent set forth in this Agreementits Affiliate on an ongoing basis. Consequently, the Employee Participant understands that the Restricted Stock Units RSUs are granted on the assumption and condition that the Restricted Stock Units RSUs and any the Shares acquired issued upon vesting vesting/settlement of the Restricted Stock Units are RSUs shall not become a part of any employment contract (either with the Company or any SubsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee Participant understands that this the grant of the RSUs would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Employee Participant acknowledges and freely accept accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units RSUs shall be null and void. There are no country-specific terms and conditions.
Appears in 1 contract
Sources: Global Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)
Labor Law Acknowledgment. This provision supplements Section 25 8 of the Agreement: In accepting the Restricted Stock UnitsRSUs, the Employee Participant acknowledges that he or she consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee Participant understands and agrees that, as a condition of the grant of the RSUs, the Participant’s Termination of Service for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested RSUs as of the date of such termination without any payment to the Participant. In particular, the Participant understands and agrees that the RSUs will be cancelled without entitlement to the Shares or to any amount as indemnification in the event of the Participant’s Termination of Service by reason of, including, but not limited to: resignation, death, disability, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, 405441916-v5\NA_DMS relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. Furthermore, the Participant understands that the Company has unilaterally, gratuitously, gratuitously and discretionally in its sole discretion decided to grant Restricted Stock Units RSUs under the Plan to individuals who may be employees of the Company or its Subsidiaries Affiliates throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company or any Subsidiary, other than to the extent set forth in this Agreementits Affiliate on an ongoing basis. Consequently, the Employee Participant understands that the Restricted Stock Units RSUs are granted on the assumption and condition that the Restricted Stock Units RSUs and any the Shares acquired issued upon vesting vesting/settlement of the Restricted Stock Units are RSUs shall not become a part of any employment contract (either with the Company or any SubsidiaryAffiliate) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee Participant understands that this the grant of the RSUs would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Employee Participant acknowledges and freely accept accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units RSUs shall be null and void. There are no country-specific terms and conditions.
Appears in 1 contract
Sources: Global Restricted Stock Unit Award Agreement (EPAM Systems, Inc.)
Labor Law Acknowledgment. This provision supplements Section 25 of the Agreement: In accepting the Restricted Stock UnitsRSUs, the Employee Recipient consents to participation participate in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee Recipient understands that the Company has unilaterally, gratuitously, gratuitously and discretionally decided to grant Restricted Stock Units stock RSUs under the Plan to individuals who may be employees of the Company or its Subsidiaries a parent or subsidiary corporation throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the Company Company, the Employer, or any Subsidiary, other than to the extent set forth in this Agreementparent or subsidiary corporation. Consequently, the Employee Recipient understands that the Restricted Stock Units RSUs are granted on the assumption and condition that the Restricted Stock Units RSUs and any Shares acquired upon vesting of the Restricted Stock Units RSUs are not a part of any employment contract (either with the Company Company, the Employer, or any Subsidiaryparent or subsidiary corporation) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), ) or any other right whatsoever. Further, the Employee Recipient understands and freely accepts that he or she will not be entitled to continue vesting in there is no guarantee that any Restricted Stock Units once benefit whatsoever shall arise from any gratuitous and discretionary grant since the Employee’s employment with future value of the Company or any Subsidiary ceasesRSUs and the underlying Shares is unknown and unpredictable. In addition, the Employee Recipient understands that this grant the RSUs would not be made granted to the Recipient but for the assumptions and conditions referred to aboveherein; thus, the Employee Recipient acknowledges and freely accept accepts that should any 6582501-v9\GESDMS or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any the grant of or right to the Restricted Stock Units RSUs shall be null and void. There The RSUs are no country-specific terms a conditional right to Shares and conditionscan be forfeited in the case of, or affected by, the Recipient’s termination of service or employment. This will be the case, for example, even if (1) the Recipient is considered to be unfairly dismissed without good cause; (2) the Recipient is dismissed for disciplinary or objective reasons or due to a collective dismissal; (3) the Recipient terminates employment or service due to a change of work location, duties or any other employment or contractual condition; (4) the Recipient terminates employment or service due to unilateral breach of contract of the Company, the Employer, or any parent or subsidiary corporation; or (5) the Recipient’s employment or service terminates for any other reason whatsoever, except for reasons specified in the Agreement. Consequently, upon termination of the Recipient’s employment or service for any of the reasons set forth above, the Recipient may automatically lose any rights to the unvested RSUs granted to him or her as of the date of the Recipient’s termination of employment, as described in the Plan and the Agreement.
Appears in 1 contract
Labor Law Acknowledgment. This The following provision supplements Section 25 10 of the Agreement: In By accepting the Restricted Stock UnitsOption, the Employee Optionee acknowledges that the Optionee consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee Unless otherwise provided in the Agreement, a termination of the Optionee's service relationship for any reason (including for the reasons listed below) will automatically result in the forfeiture of any Options; in particular, the Optionee understands and agrees that the Option will be forfeited without entitlement to the underlying Shares or to any amount as indemnification in the event of a termination of service prior to vesting by reason of, including, but not limited to, resignation, disciplinary dismissal with or without cause, or individual or collective layoff with or without cause. Furthermore, the Optionee understands that the Company has unilaterally, gratuitously, and discretionally in its sole discretion decided to grant Restricted Stock Units Options under the Plan to individuals who may be employees of service providers to the Company or any of its Subsidiaries subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not bind the Company or any Subsidiarysubsidiary, other than to the extent set forth in this the Agreement. Consequently, the Employee Optionee understands that the Restricted Stock Units are granted Option is offered on the assumption and condition that the Restricted Stock Units Option and any Shares acquired upon vesting of under the Restricted Stock Units Plan are not a part of any employment service contract (either with the Company or any Subsidiary) subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee Optionee understands that this grant offer would not be made but for the assumptions and conditions referred to above; thus, the Employee Optionee acknowledges and freely accept that accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units Option shall be null and void. There are no country-specific terms and conditions.
Appears in 1 contract
Sources: Global Non Statutory Stock Option Agreement (Novavax Inc)
Labor Law Acknowledgment. This The following provision supplements Section 25 11 of the Agreement: In By accepting the Restricted Stock Units, the Employee Grantee acknowledges that the Grantee consents to participation in the Plan and acknowledges that he or she has received a copy of the Plan. The Employee A termination of the Grantee's service relationship for any reason (including for the reasons listed below) will automatically result in the forfeiture of any unvested Restricted Stock Units; in particular, the Grantee understands and agrees that the Restricted Stock Units will be forfeited without entitlement to the underlying shares of Common Stock or to any amount as indemnification in the event of a termination of service prior to vesting by reason of, including, but not limited to, resignation, disciplinary dismissal with or without cause, or individual or collective layoff with or without cause. Furthermore, the Grantee understands that the Company has unilaterally, gratuitously, and discretionally in its sole discretion decided to grant Restricted Stock Units under the Plan to individuals who may be employees of service providers to the Company or any of its Subsidiaries subsidiaries throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not bind the Company or any Subsidiarysubsidiary, other than to the extent set forth in this the Agreement. Consequently, the Employee Grantee understands that the Restricted Stock Units are granted is offered on the assumption and condition that the Restricted Stock Units and any Shares shares of Common Stock acquired upon vesting of under the Restricted Stock Units Plan are not a part of any employment service contract (either with the Company or any Subsidiary) subsidiary), and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation), or any other right whatsoever. Further, the Employee understands that he or she will not be entitled to continue vesting in any Restricted Stock Units once the Employee’s employment with the Company or any Subsidiary ceases. In addition, the Employee Grantee understands that this grant offer would not be made but for the assumptions and conditions referred to above; thus, the Employee Grantee acknowledges and freely accept that accepts that, should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any grant of or right to the Restricted Stock Units shall be null and void. There are no country-specific terms and conditions.
Appears in 1 contract
Sources: Global Restricted Stock Unit Award Agreement (Novavax Inc)