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

No Entitlement or Claims for Compensation. (a) Holder’s rights, if any, in respect of or in connection with Restricted Stock awards or any other award is derived solely from the discretionary decision of the Company to permit Holder to participate in the Plan and to benefit from a discretionary award. By accepting this Restricted Stock award, Xxxxxx expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional awards to Holder. This Restricted Stock award is not intended to be compensation of a continuing or recurring nature, or part of Holder’s normal or expected compensation, and in no way represents any portion of a Holder’s salary, compensation, or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose.

Appears in 2 contracts

Samples: Award Agreement (Actavis, Inc.), Shares of Restricted Stock (Actavis, Inc.)

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No Entitlement or Claims for Compensation. (a) Holder’s rights, if any, in respect of or in connection with Restricted Stock awards Unit or any other award is derived solely from the discretionary decision of the Company to permit Holder to participate in the Plan and to benefit from a discretionary award. By accepting this Restricted Stock Unit award, Xxxxxx Holder expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional awards to Holder. This Restricted Stock Unit award is not intended to be compensation of a continuing or recurring nature, or part of Holder’s normal or expected compensation, and in no way represents any portion of a Holder’s salary, compensation, compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose.

Appears in 2 contracts

Samples: Award Agreement (Warner Chilcott LTD), Restricted Stock Units (Actavis PLC)

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No Entitlement or Claims for Compensation. (a) Holder’s rights, if any, in respect of or in connection with Restricted Stock awards Award or any other award is derived solely from the discretionary decision of the Company to permit Holder to participate in the Plan and to benefit from a discretionary award. By accepting this Restricted Stock awardAward, Xxxxxx Holder expressly acknowledges that there is no obligation on the part of the Company to continue the Plan and/or grant any additional awards to Holder. This Restricted Stock award Award is not intended to be compensation of a continuing or recurring nature, or part of Holder’s normal or expected compensation, and in no way represents any portion of a Holder’s salary, compensation, compensation or other remuneration for purposes of pension benefits, severance, redundancy, resignation or any other purpose.

Appears in 1 contract

Samples: Based Award Agreement (Allergan PLC)

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