Common use of Voluntary Participation Clause in Contracts

Voluntary Participation. Participation in the Plan is voluntary. The value of the Option is an extraordinary item of compensation outside the scope of the Optionee’s employment contract, if any. As such, the Option is not part of 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.

Appears in 8 contracts

Samples: Comerica Incorporated (Comerica Inc /New/), Comerica Incorporated (Comerica Inc /New/), Comerica Incorporated (Comerica Inc /New/)

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Voluntary Participation. Participation The Participant’s participation in the Plan is voluntary. The value of the Option is an extraordinary item of compensation outside the scope of the OptioneeParticipant’s employment contract, if any. As such, the Option is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension pensions or retirement benefits or similar paymentspayments unless specifically and otherwise provided.

Appears in 6 contracts

Samples: Option Agreement (SAMOYED HOLDING LTD), Option Agreement (SAMOYED HOLDING LTD), Option Agreement (Hexindai Inc.)

Voluntary Participation. Participation in the Plan is voluntary. The value of the an Option is an extraordinary item of compensation outside the scope of the Optionee’s any employment contract, if any. As such, the an Option is not part of 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.. The future value of the underlying Stock is unknown and cannot be predicted with certainty;

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Invitrogen Corp), Nonstatutory Stock Option Agreement (Invitrogen Corp), Outside Director Stock Option Agreement (Invitrogen Corp)

Voluntary Participation. Participation The Optionee’s participation in the Plan is voluntary. The value of the Option is an extraordinary item of compensation outside the scope of the Optionee’s employment contract, if any. As such, the Option is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension pensions or retirement benefits or similar paymentspayments unless specifically and otherwise provided. Rather, the awarding of the Option under the Plan represents a mere investment opportunity.

Appears in 2 contracts

Samples: Stock Option Agreement (Tudou Holdings LTD), Option Exchange Agreement (Tudou Holdings LTD)

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Voluntary Participation. Participation Participant’s participation in the 2020 Plan is voluntary. The value of the Option is an extraordinary item of compensation outside the scope of the Optionee’s employment contract, if anycompensation. As such, the Option is not part of normal or expected compensation for purposes of calculating any severance, change in control payments, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (GeoVax Labs, Inc.)

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