Common use of Amendment; Discretionary Nature of Plan Clause in Contracts

Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, without your written consent. Subject to the above restriction, you acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive any other grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein), if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

Appears in 3 contracts

Samples: Employment Agreement (SPRINT Corp), Restricted Stock Units (SPRINT Corp), Employment Agreement (SPRINT Corp)

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Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, Grant without your written consent. Subject to the above restriction, you You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time, subject to the first sentence of this Section 10. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive any other a grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein)grants, if any, will be at the sole discretion of the CorporationCorporation except as otherwise provided in the Employment Agreement, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

Appears in 2 contracts

Samples: Employment Agreement (SPRINT Corp), Restricted Stock Units (SPRINT Corp)

Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, Grant without your written consent. Subject to the above restriction, you You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time, subject to the first sentence of this Section 11. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive any other a grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein)grants, if any, will be at the sole discretion of the CorporationCorporation except as otherwise provided in the Employment Agreement, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

Appears in 2 contracts

Samples: Restricted Stock Units (SPRINT Corp), Employment Agreement (SPRINT Corp)

Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, without your written consent. Subject to the above restriction, you acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive any other grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein), if any, will be at the sole discretion of the CorporationCompany, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

Appears in 2 contracts

Samples: Employment Agreement (SPRINT Corp), Employment Agreement (SPRINT Corp)

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Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, Grant without your written consent. Subject to the above restriction, you You acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by usthe Corporation, in our its sole discretion, at any time, subject to the first sentence of this Section 10. The grant of RSUs the Option Award under the Plan is a one-time benefit and does not create any contractual or other right to receive any other a grant of RSUsOption Awards, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein)grants, if any, will be at the sole discretion of the Corporation, Corporation except as otherwise provided in the Employment Agreement including, but not limited to, the timing of any grant, the number of RSUs shares underlying the Option Award granted, the payment of dividend equivalents, and vesting provisions.

Appears in 2 contracts

Samples: Employment Agreement (SPRINT Corp), Restricted Stock Units (SPRINT Corp)

Amendment; Discretionary Nature of Plan. This Evidence of Award is subject to the terms of the Plan, as may be amended from time to time, except that the Award which is the subject of this Evidence of Award may not be materially impaired by any amendment or termination of the Plan approved either before or after the Date of Grant, without your written consent. Subject Subxxxx to the above restriction, you acknowledge and agree that the Plan is discretionary in nature and may be amended, cancelled, or terminated by us, in our sole discretion, at any time. The grant of RSUs under the Plan is a one-time benefit and does not create any contractual or other right to receive any other grant of RSUs, other types of grants under the Plan, or benefits in lieu of such grants in the future. Future grants (other than as contained herein), if any, will be at the sole discretion of the Corporation, including, but not limited to, the timing of any grant, the number of RSUs granted, the payment of dividend equivalents, and vesting provisions.

Appears in 1 contract

Samples: Restricted Stock Units (SPRINT Corp)

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