Common use of Error in Allocation Clause in Contracts

Error in Allocation. ‌ If any Awards are provided under this Plan in error or by mistake to a person (Mistaken Recipient) who is not the intended recipient, the Mistaken Recipient shall have no right or interest, and shall be taken never to have had any right or interest, in those Awards and those Awards will immediately lapse.

Appears in 6 contracts

Sources: Performance Rights and Option Plan, Performance Rights and Option Plan, Performance Rights and Options Plan

Error in Allocation. If any Awards are provided under this Plan in error or by mistake to a person (Mistaken Recipient) who is not the intended recipient, the Mistaken Recipient shall have no right or interest, and shall be taken never to have had any right or interest, in those Awards and those Awards will immediately lapse.

Appears in 5 contracts

Sources: Performance Rights and Option Plan, Performance Rights and Option Plan, Performance Rights and Option Plan