NetSpend 2011 Annual Report Download - page 133

Download and view the complete annual report

Please find page 133 of the 2011 NetSpend annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 173

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173

to any cause of action at law or in equity against Issuer or any Subsidiary. Neither the Options granted, any Shares purchased hereunder nor
any other benefits conferred hereby, including the right to purchase Common Stock at a discount, shall form any part of the wages or salary of
any eligible Employee for purposes of any severance pay or termination damages, irrespective of the reason for termination of employment.
Under no circumstances shall any individual ceasing to be an Employee be entitled to any compensation for any loss of any right or benefit
under this Plan that such Employee might otherwise have enjoyed, but for ceasing to be an Employee, whether such compensation is claimed
by way of damages for wrongful or unfair dismissal, breach of contract or otherwise.
26.
Taxes . Participants are responsible for the payment of all income and other taxes relating to any amounts deemed to
constitute income to them under any Applicable Law arising out of their participation in the Plan, the purchase Shares pursuant to the Plan and
their subsequent sale or other transfer as well as the distribution of Shares or cash to the Participant in accordance with the Plan. By electing to
participate in the Plan, each Participant shall be conclusively deemed to have authorized Issuer or any Designated Subsidiary that pays
Compensation to him or her to make appropriate tax withholding deductions from that Compensation, which deductions shall be in addition to
any other appropriate payroll deductions, and to pay such withheld taxes to the appropriate tax authorities in the relevant country or countries in
order to satisfy any of the above tax liabilities of a Participant under any Applicable Law.
27.
Acceptance of Terms . By participating in the Plan, each Participant shall be deemed to have accepted all the conditions of
the Plan and the terms and conditions of any rules and regulations adopted by the Committee or the Plan Administrator and to have agreed to
be fully bound thereby.