Common use of No Entitlement for Claims or Compensation Clause in Contracts

No Entitlement for Claims or Compensation. By accepting the Option, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option and any right to the underlying shares shall be null and void.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (PERRIGO Co PLC), Nonqualified Stock Option Agreement (PERRIGO Co PLC), Nonqualified Stock Option Agreement (PERRIGO Co PLC)

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No Entitlement for Claims or Compensation. By accepting the Optionaward of RSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options RSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option RSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option RSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option RSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option RSUs and any right to the underlying shares shall be null and void.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. By accepting the Optionaward of RSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options RSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option RSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option RSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option RSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option RSUs and any right to the underlying shares shall be null and void.. Notifications

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. By accepting the Optionaward of PSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options PSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option PSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option PSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option PSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option PSUs and any right to the underlying shares shall be null and void.. (Employee Univ rTSR) Page 24 of 54

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. The following provision supplements Section and 4.1 of the Agreement: By accepting the Option, you consent to participation in the Plan, Plan and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of grant Options under the Plan to individuals who may be employees, consultants officers and directors employees of the Company and any subsidiary of the Company throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option Options will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliatesubsidiary, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given Options are granted on the assumption and condition that the Option Options shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliatesubsidiary, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the awardgrant of Options, which is gratuitous and discretionary, since the future value of the Option Options and the underlying shares of common stock is unknown and unpredictable. You also understand that this Award grant of Options would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option Options and any right to the underlying shares of common stock shall be null and void.

Appears in 2 contracts

Samples: Stock Option Agreement (Mentor Graphics Corp), Stock Option Agreement (Mentor Graphics Corp)

No Entitlement for Claims or Compensation. By accepting the Optionaward of PRSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options PRSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option PRSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option PRSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option PRSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option PRSUs and any right to the underlying shares shall be null and void.. Notifications

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. By accepting the Optionaward of PSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options PSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option PSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option PSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option PSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option PSUs and any right to the underlying shares shall be null and void.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. The following provision supplements Section 21 of the Agreement: By accepting the Optionaward, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options Restricted Stock Units under the Plan to individuals who may be employeesConsultants, consultants Directors, Employees and directors Non-Employee Directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option Restricted Stock Units will not economically or otherwise bind the Company or any Parent, Subsidiary Parent or AffiliateSubsidiary, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award award is given on the assumption and condition that the Option Restricted Stock Units shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliateaffiliate, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option Restricted Stock Units and the underlying shares is unknown and unpredictable. You also understand that this Award award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Awardaward, the Option Restricted Stock Units and any right to the underlying shares shall be null and void.. Notifications

Appears in 2 contracts

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

No Entitlement for Claims or Compensation. By accepting the Optionaward of PSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options PSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option PSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option PSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option PSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option PSUs and any right to the underlying shares shall be null and void.. Notifications (Employee Univ rTSR) Page 51 of 54

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC), Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. By accepting the Option, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option and any right to the underlying shares shall be null and void.. Notifications

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (PERRIGO Co PLC), Nonqualified Stock Option Agreement (PERRIGO Co PLC)

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No Entitlement for Claims or Compensation. The following provision supplements Section 10 of the Agreement: By accepting the OptionRestricted Stock Units, you consent Participant consents to participation in the Plan, Plan and acknowledge acknowledges that you have the he or she has received a copy of the Plan document. You understand Participant understands that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options grant Restricted Stock Units under the Plan to individuals who may be employees, consultants and directors Service Providers throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option Restricted Stock Units will not economically or otherwise bind the Company or any Parent, Subsidiary Parent or Affiliate, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand Participant understands that the Award is given Restricted Stock Units are granted on the assumption and condition that the Option Restricted Stock Units shall not become part of any employment or service contract (whether with the Company or any Parent, Subsidiary Parent or Affiliate, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand Participant understands and freely accept accepts that there is no guarantee that any benefit whatsoever shall arise from the awardgrant of Restricted Stock Units, which is are gratuitous and discretionary, since the future value of the Option Restricted Stock Units and the underlying shares Shares is unknown and unpredictable. You also understand In addition, Participant understands that this Award grant of Restricted Stock Units would not be made but for the assumptions and conditions set forth hereinabove; thus, you understandParticipant understands, acknowledge acknowledges and freely accept accepts that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option Restricted Stock Units and any right to the underlying shares Shares shall be null and void.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Align Technology Inc), Restricted Stock Unit Agreement (Align Technology Inc)

No Entitlement for Claims or Compensation. The following provision supplements section 3 of the Agreement: By accepting the OptionRSUs, you consent to participation in the Plan, Plan and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options grant RSUs under the Plan to individuals who may be employees, consultants officers and directors employees of the Company and any subsidiary of the Company throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option RSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliatesubsidiary, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given RSUs are granted on the assumption and condition that the Option RSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliatesubsidiary, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the awardgrant of RSUs, which is gratuitous and discretionary, since the future value of the Option RSUs and the underlying shares of common stock is unknown and unpredictable. You also understand that this Award grant of RSUs would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option RSUs and any right to the underlying shares of common stock shall be null and void.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Mentor Graphics Corp)

No Entitlement for Claims or Compensation. The following provision supplements Section 19 of the Agreement: By accepting the Optionaward, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options Restricted Stock Units under the Plan to individuals who may be employeesConsultants, consultants Directors, Employees and directors Non-Employee Directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option Restricted Stock Units will not economically or otherwise bind the Company or any Parent, Subsidiary Parent or AffiliateSubsidiary, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award award is given on the assumption and condition that the Option Restricted Stock Units shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliateaffiliate, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option Restricted Stock Units and the underlying shares is unknown and unpredictable. You also understand that this Award award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Awardaward, the Option Restricted Stock Units and any right to the underlying shares shall be null and void.

Appears in 1 contract

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

No Entitlement for Claims or Compensation. By accepting the Optionaward of PSUs, you consent to participation in the Plan, and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options PSUs under the Plan to individuals who may be employees, consultants and directors throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option PSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given on the assumption and condition that the Option PSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the award, which is gratuitous and discretionary, since the future value of the Option PSUs and the underlying shares is unknown and unpredictable. You also understand that this Award would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option PSUs and any right to the underlying shares shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)

No Entitlement for Claims or Compensation. The following provision supplements Section 7 of the Terms and Conditions: By accepting the OptionRSUs, you consent to participation in the Plan, Plan and acknowledge that you have received a copy of the Plan document. You understand that the Company has unilaterally, gratuitously and in its sole discretion decided to make awards of Options grant RSUs under the Plan to individuals who may be employeesConsultants, consultants Directors and directors Employees throughout the world. The decision is limited and entered into based upon the express assumption and condition that any Option RSUs will not economically or otherwise bind the Company or any Parent, Subsidiary or Affiliate, including your employerthe Employer, on an ongoing basis, other than as expressly set forth in the Agreement. Consequently, you understand that the Award is given RSUs are granted on the assumption and condition that the Option RSUs shall not become part of any employment contract (whether with the Company or any Parent, Subsidiary or Affiliate, including your employerthe Employer) and shall not be considered a mandatory benefit, salary for any purpose (including severance compensation) or any other right whatsoever. Furthermore, you understand and freely accept that there is no guarantee that any benefit whatsoever shall arise from the awardgrant of RSUs, which is gratuitous and discretionary, since the future value of the Option RSUs and the underlying shares Shares is unknown and unpredictable. You also understand that this Award grant of RSUs would not be made but for the assumptions and conditions set forth hereinabove; thus, you understand, acknowledge and freely accept that, should any or all of the assumptions be mistaken or any of the conditions not be met for any reason, the Award, the Option RSUs and any right to the underlying shares Shares shall be null and void.. Notifications

Appears in 1 contract

Samples: Restricted Stock Unit Award (Advanced Micro Devices Inc)

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