Common use of Labor Law Clause in Contracts

Labor Law. By accepting this Restricted Stock Award, the Grantee acknowledges that: (a) the grant of this Award is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock, or benefits in lieu of Restricted Stock; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock shall be granted, the number of Shares of Restricted Stock subject to each Award and the time or times when the Restricted Stock shall vest, will be at the sole discretion of the Company; (c) the Grantee’s participation in the Plan is voluntary; (d) the value of these Shares of Restricted Stock is an extraordinary item of compensation which is outside the scope of the Grantee’s employment contract, if any; (e) this award of Restricted Stock is not part of the Grantee’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 Shares of Restricted Stock 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 Shares of Restricted Stock have been granted to the Grantee in the Grantee’s status as a Service Provider of the Company or its Parent or one of its Subsidiary; (i) any claims resulting from this Restricted Stock Award shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary employing the Grantee as a result of these Restricted Stock Awards.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Taleo Corp), Restricted Stock Agreement (Taleo Corp)

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Labor Law. By accepting this Restricted Stock Awardaward, the Grantee Employee acknowledges that: (a) the grant award of this Award Restricted Stock is a one-time benefit which does not create any contractual or other right to receive future grants awards of Restricted Stock, or benefits in lieu of Restricted Stock; (b) all determinations with respect to any future grantsawards, including, but not limited to, the times when the Restricted Stock shall be granted, the number of Shares of Restricted Stock subject to each Award Restricted Stock award, the Purchase Price per Share, and the time or times when the Restricted Stock shall vest, will be at the sole discretion of the Company; (c) the GranteeEmployee’s participation in the Plan is voluntary; (d) the value of these Shares of this Restricted Stock is an extraordinary item of compensation which is outside the scope of the GranteeEmployee’s employment contract, if any; (e) this award of Restricted Stock is not part of the GranteeEmployee’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 Shares of this Restricted Stock will cease ceases 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 Shares of this Restricted Stock have has been granted to the Grantee Employee in the GranteeEmployee’s status as a Service Provider an employee of the Company or its Parent or one of its SubsidiarySubsidiaries; (i) any claims resulting from this Restricted Stock Award shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary affiliate employing the Grantee Employee as a result of these this Restricted Stock AwardsStock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Tibco Software Inc)

Labor Law. By accepting this Restricted Stock AwardPerformance Share Units award, the Grantee Employee acknowledges that: (a) the grant of this Award these Performance Share Units is a one-time benefit which does not create any contractual or other right of the Employee to receive future grants of Restricted StockPerformance Share Units, or benefits in lieu of Restricted StockPerformance Share Units; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock shall Performance Share Units will be granted, the number of Shares of Restricted Stock Performance Share Units subject to each Award award and the time or times when the Restricted Stock shall Performance Share Units will vest, will shall be at the sole discretion of the Company; (c) the GranteeEmployee’s participation in the Plan is voluntary; (d) the value of these Shares of Restricted Stock Performance Share Units is an extraordinary item of compensation which that is outside the scope of the GranteeEmployee’s employment contract, if any; (e) this award of Restricted Stock is these Performance Share Units are not part of the GranteeEmployee’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 Shares of Restricted Stock will Performance Share 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 Shares of Restricted Stock Performance Share Units have been granted to the Grantee Employee in the GranteeEmployee’s status as a Service Provider an employee of the Company or its Parent or one of its Subsidiary; (i) any claims resulting from this Restricted Stock Award shall be enforceable, if at all, against the CompanyAffiliates; and (ji) there shall be no additional obligations for any Parent or Subsidiary Affiliate employing the Grantee Employee as a result of these Restricted Stock AwardsPerformance Share Units.

Appears in 1 contract

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

Labor Law. By accepting this Restricted Stock Awardaward, the Grantee Employee acknowledges that: (a) the grant of this Award Restricted Stock is a one-time benefit which does not create any contractual or other right to receive future grants of Restricted Stock, or benefits in lieu of Restricted Stock; (b) all determinations with respect to any future grants, including, but not limited to, the times when the Restricted Stock shall be granted, the number of Shares of Restricted Stock subject to each Award Restricted Stock award, the purchase price per Share, and the time or times when the Restricted Stock shall vest, will be at the sole discretion of the Company; (c) the GranteeEmployee’s participation in the Plan is voluntary; (d) the value of these Shares of this Restricted Stock is an extraordinary item of compensation which is outside the scope of the GranteeEmployee’s employment contract, if any; (e) this award of Restricted Stock is not part of the GranteeEmployee’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 Shares of this Restricted Stock will cease ceases 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 Shares of this Restricted Stock have has been granted to the Grantee Employee in the GranteeEmployee’s status as a Service Provider an employee of the Company or its Parent or one of its SubsidiarySubsidiaries; (i) any claims resulting from this Restricted Stock Award shall be enforceable, if at all, against the Company; and (j) there shall be no additional obligations for any Parent or Subsidiary employing the Grantee Employee as a result of these this Restricted Stock AwardsStock.

Appears in 1 contract

Samples: Restricted Stock Agreement (Carrier Access Corp)

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Labor Law. By accepting this Restricted Stock Awardaward, the Grantee Employee acknowledges that: (a) the grant award of this Award Restricted Stock is a one-time benefit which does not create any contractual or other right to receive future grants awards of Restricted Stock, or benefits in lieu of Restricted Stock; (b) all determinations with respect to any future grantsawards, including, but not limited to, the times when the Restricted Stock shall be granted, the number of Shares of Restricted Stock subject to each Award Restricted Stock award, the Purchase Price per Share, and the time or times when the Restricted Stock shall vest, will be at the sole discretion of the CompanyTIBCO; (c) the GranteeEmployee’s participation in the Plan is voluntary; (d) the value of these Shares of this Restricted Stock is an extraordinary item of compensation which is outside the scope of the GranteeEmployee’s employment contract, if any; (e) this award of Restricted Stock is not part of the GranteeEmployee’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 Shares of this Restricted Stock will cease ceases 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 Shares of this Restricted Stock have has been granted to the Grantee Employee in the GranteeEmployee’s status as a Service Provider an employee of the Company TIBCO or its Parent or one of its SubsidiarySubsidiaries; (i) any claims resulting from this Restricted Stock Award shall be enforceable, if at all, against the CompanyTIBCO; and (j) there shall be no additional obligations for any Parent or Subsidiary Employer employing the Grantee Employee as a result of these this Restricted Stock AwardsStock.

Appears in 1 contract

Samples: 2001 Stock Option and Incentive Plan (Tibco Software Inc)

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

Appears in 1 contract

Samples: Restricted Stock Agreement (Applied Materials Inc /De)

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