Common use of Acquired Rights Clause in Contracts

Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Agreement at any time; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary compensation (if any), and shall not be considered as part of such compensation in the event of termination or resignation.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Datto Holding Corp.), Restricted Stock Unit Agreement (Roaring Fork Holding, Inc.), Restricted Stock Unit Agreement (Ping Identity Holding Corp.)

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Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Agreement Plan at any time; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary compensation (if any)compensation, and shall not be considered as part of such compensation in the event of termination or resignation.

Appears in 4 contracts

Samples: Restricted Stock (Avaya Holdings Corp.), Restricted Stock Unit Award Agreement (Vistra Corp.), Restricted Stock Unit Award Agreement (Avaya Holdings Corp.)

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Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Agreement Plan at any time, to the extent provided in Article IX of the Plan; (b) the award of RSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the RSUs awarded hereunder) give the Participant any right to any grants or awards in the future whatsoever; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary compensation (if any)or fees, and shall not be considered as part of such compensation in the event of termination severance or resignation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ferguson PLC)

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