Common use of Labor Law Clause in Contracts

Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these Performance Shares.

Appears in 21 contracts

Samples: Officer Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc)

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Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the when, if at all, any future Performance Shares shall be granted, the number of Performance Shares which may be subject to each Performance Share award and the time or times when the such Performance Shares shall may vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these Performance Shares.

Appears in 6 contracts

Samples: Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc), Performance Share Agreement (Polycom Inc)

Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right of the Employee to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall will be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which that is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Performance Shares will shall cease upon termination Termination of employment Service for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the CompanyAffiliates; and (ji) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance Shares.

Appears in 4 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall will be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will shall cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its SubsidiariesAffiliates; (i) any claims resulting from these Performance Shares shall will be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance Shares.

Appears in 3 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares award, the Employee Grantee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall will be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall will vest, will be at the sole discretion of the Company; (c) the EmployeeGrantee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of any subsequent employment contract with the Employee’s employment contractGrantee, if any; (e) these Performance Shares are not part of the EmployeeGrantee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment service as a Director for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee Grantee in the EmployeeGrantee’s status as an employee a Nonemployee Director of the Company or its SubsidiariesCompany; (i) any claims resulting from these Performance Shares shall will be enforceable, if at all, against the Company; and (j) there shall will be no additional obligations for any Subsidiary Affiliate employing the Employee Grantee as a result of these Performance Shares.

Appears in 2 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Shares Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its SubsidiariesAffiliates; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance Shares.

Appears in 2 contracts

Samples: Performance Shares Agreement (Applied Materials Inc /De), Performance Share Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares awardAward, the Employee Participant acknowledges that: (a) the grant of these Performance Shares this Award is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award Award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Performance Shares are is not part of the EmployeeParticipant’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Award Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee Participant in the EmployeeParticipant’s status as an employee a Service Provider of the Company or its Parent or one of its Subsidiaries; (i) any claims resulting from these this Award of Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary employing the Employee Participant as a result of these Performance Shares.

Appears in 1 contract

Samples: 2009 Equity Incentive Plan (Taleo Corp)

Labor Law. By accepting this Performance Shares Units award, the Employee acknowledges that: (a) the grant of these Performance Shares Units is a one-time benefit which does not create any contractual or other right of the Employee to receive future grants of Performance SharesUnits, or benefits in lieu of Performance SharesUnits; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall Units will be granted, the number of Performance Shares Units subject to each Performance Share award and the time or times when the Performance Shares shall Units will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares Units is an extraordinary item of compensation which that is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares Units are not part of the Employee’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Performance Shares will Units shall cease upon termination Termination of employment Service for any reason reason, except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares Units have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the CompanyAffiliates; and (jh) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance SharesUnits.

Appears in 1 contract

Samples: Performance Units Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares Units award, the Employee acknowledges that: (a) the grant of these Performance Shares Units is a one-time benefit which does not create any contractual or other right to receive future grants of Performance SharesUnits, or benefits in lieu of Performance SharesUnits; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall Units will be granted, the number of Performance Shares Units subject to each Performance Share Unit award and the time or times when the Performance Shares shall Units will vest, will shall be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares Units is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares Units are not part of the Employee’s 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; (f) the vesting of these Performance Shares will Units shall cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares Units have been granted to the Employee in the Employee’s status as an employee of the Company or its SubsidiariesAffiliates; (i) any claims resulting from these Performance Shares shall Units will be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance SharesUnits.

Appears in 1 contract

Samples: Performance Units Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares Share award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its Subsidiaries; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee as a result of these Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Polycom Inc)

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Labor Law. By accepting this award of Performance Shares awardUnits, the Employee Participant acknowledges that: (a) the grant of these this award of Performance Shares Units is a one-time benefit which does not create any contractual or other right to receive future grants of Performance SharesUnits, or benefits in lieu of Performance SharesUnits; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares Units shall be granted, the number of Performance Shares subject shares of Common Stock issuable pursuant to each award of Performance Share award and Units, the time or times when the Performance Shares Units shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value this award of these Performance Shares Units is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Performance Shares are Units is not part of the EmployeeParticipant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these this award of Performance Shares will cease Units ceases upon termination of employment Service for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares shares of Common Stock is unknown and cannot be predicted with certainty; (h) these this award of Performance Shares have Units has been granted to the Employee Participant in the EmployeeParticipant’s status as an Employee, a non-employee member of the Board or a consultant or independent advisor of the Company or its SubsidiariesParent or Subsidiary; (i) any claims resulting from these this award of Performance Shares Units shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Subsidiary employing the Employee Participant’s Employer as a result of these this award of Performance SharesUnits.

Appears in 1 contract

Samples: Performance Unit Agreement (NetApp, Inc.)

Labor Law. By accepting this Performance Shares awardAward, the Employee Participant acknowledges that: (a) the grant of these Performance Shares this Award is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award Award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the EmployeeParticipant’s employment contract, if any; (e) these this award of Performance Shares are is not part of the EmployeeParticipant’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Award Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee Participant in the EmployeeParticipant’s status as an employee a Service Provider of the Company or its SubsidiariesParent or one of its Subsidiary; (i) any claims resulting from these this Award of Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary employing the Employee Participant as a result of these Performance Shares.

Appears in 1 contract

Samples: 2004 Stock Plan (Taleo Corp)

Labor Law. By accepting this Performance Shares award, the Employee Grantee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall vest, will be at the sole discretion of the Company; (c) the EmployeeGrantee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the EmployeeGrantee’s employment contract, if any; (e) these Performance Shares are not part of the EmployeeGrantee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee Grantee in the EmployeeGrantee’s status as an employee a Service Provider of the Company or its SubsidiariesParent or one of its Subsidiary; (i) any claims resulting from these Performance Shares shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary employing the Employee Grantee as a result of these Performance Shares.

Appears in 1 contract

Samples: 2004 Stock Plan Performance Share Agreement (Taleo Corp)

Labor Law. By accepting this Performance Shares award, the Employee acknowledges that: (a) the grant of these Performance Shares is a one-time benefit which does not create any contractual or other right to receive future grants of Performance Shares, or benefits in lieu of Performance Shares; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall will be granted, the number of Performance Shares subject to each Performance Share award and the time or times when the Performance Shares shall will vest, will be at the sole discretion of the Company; (c) the Employee’s participation in the Plan is voluntary; (d) the value of these Performance Shares is an extraordinary item of compensation which is outside the scope of the Employee’s employment contract, if any; (e) these Performance Shares are not part of the Employee’s 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; (f) the vesting of these Performance Shares will cease upon termination of employment for any reason except as may otherwise be explicitly provided in the Plan or this Agreement; (g) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (h) these Performance Shares have been granted to the Employee in the Employee’s status as an employee of the Company or its SubsidiariesAffiliates; (i) any claims resulting from these Performance Shares shall will be enforceable, if at all, against the Company; and (j) there shall will be no additional obligations for any Subsidiary Affiliate employing the Employee as a result of these Performance Shares.

Appears in 1 contract

Samples: Performance Share Agreement (Applied Materials Inc /De)

Labor Law. By accepting this Performance Shares awardaward of RSUs, the Employee Participant acknowledges that: (a) the grant of these Performance Shares the award is a one-time benefit which does not create any contractual or other right to receive future grants of Performance SharesRSUs, or benefits in lieu of Performance SharesRSUs; (b) subject to the terms of the Plan, all determinations with respect to any future grants, including, but not limited to, the times when the Performance Shares shall RSUs will be granted, the number of Performance Shares subject shares of Common Stock issuable pursuant to each Performance Share award of RSUs and the time or times when the Performance Shares shall RSUs will vest, will be at the sole discretion of the Company; (c) the EmployeeParticipant’s participation in the Plan is voluntary; (d) the value of these Performance Shares this award is an extraordinary item of compensation which is outside the scope of any subsequent employment or service contract with the Employee’s employment contract, if anyCompany; (e) these Performance Shares are this award is not part of the EmployeeParticipant’s normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (f) the vesting of these Performance Shares this award will cease upon termination the Participant’s cessation of employment service as a Board member for any reason except as may otherwise be explicitly provided in the Plan or this Agreementreason; (g) the future value of the underlying Shares shares of Common Stock is unknown and cannot be predicted with certainty; (h) these Performance Shares have this award has been granted to the Employee Participant in the EmployeeParticipant’s status as an a non-employee of the Company or its SubsidiariesBoard member; (i) any claims resulting from these Performance Shares shall this award will be enforceable, if at all, against the Company; and (j) there shall will be no additional obligations for any Parent or Subsidiary employing the Employee Participant as a result of these Performance Sharesthis award.

Appears in 1 contract

Samples: Option Plan Restricted Stock Units Agreement (NetApp, Inc.)

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