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

No Entitlement for Claims or Compensation. The Company has unilaterally, gratuitously and discretionally decided to grant the PSUs under the Plan. Consequently, the PSUs are granted on the assumption and condition that PSUs and the Shares issued pursuant to vesting of the PSUs are not part of the Participant’s ordinary or expected remuneration and shall not be considered for the purposes of determining any severance payment, compensation or credits otherwise due.

No Entitlement for Claims or Compensation. The Company has unilaterally, gratuitously and discretionally decided to grant the PSUs under the Plan. Consequently, the PSUs are granted on the assumption and condition that PSUs and the Shares issued pursuant to vesting of the PSUs are not part of the Participant’s ordinary or expected remuneration and shall not be considered for the purposes of determining any severance payment, payment or compensation or credits otherwise due.