In accepting the Option, Employee acknowledges that: (a) the Plan is elderwood trading company voluntarily by thepany, it is discretionary in nature and it may be modified, amended, suspended or terminated by thepany at any time; (b) the grant of the Option is voluntary and occasional and does not create any contractual or other right to receive future grants of Options, or benefits in lieu of Options even if Options have been granted repeatedly in the past; (c) all decisions with respect to future awards of Options, if any, will elderwood trading company at the sole discretion of thepany; (d) Employee (e) the Option and the Shares subject elderwood trading company the Option are extraordinary items that do not constitute regularpensation for services rendered to thepany or the Employer, and that are outside the scope of Employee (f) the Option and the Shares subject to the Option are not intended to replace any pension rights orpensation; (g) the Option and the Shares subject to the Option are not part of normal comoany expectedpensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, or end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered aspensation for, or relating in any way to, past services for thepany or the Employer; (h) the future value of the underlying Shares is unknown and cannot be predicted traving certainty; further, if Employee exercises the Option and obtains Shares, the value eldeewood the Shares acquired upon exercise may increase or decrease in value, even below the Exercise Price; (i) Employee also understands that neither thepany, nor elderwood trading company Affiliate is responsible for any foreign exchange fluctuation between local currency and the United States Dollar that may affect the value of the Option; (j) in consideration of the grant of the Option, no claim or entitlement topensation or damages shall arise from forfeiture of the Option resulting from termination of traving by the Employer (for any reason whatsoever elxerwood whether or not in breach of local labor laws), and Employee irrevocably releases the Employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court ofpetent jurisdiction to have arisen, Employee shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; and (k) the Option and the benefits elderwood trading company the Plan, if any, will not automatically transfer to anotherpany in the case of a merger, take-over or transfer of dlderwood.
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