Common use of Limitation on Rights; No Right to Future Grants; Extraordinary Item Clause in Contracts

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards will be granted, the number of Shares subject to each award, the award price, if any, and the time or times when each award will be settled, will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, and (f) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue as a director of the Company, nor do they limit in any respect the right of the Company to terminate your relationship with the Company at any time.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Adc Telecommunications Inc), Restricted Stock Unit Award Agreement (Adc Telecommunications Inc), Award Agreement (Adc Telecommunications Inc)

AutoNDA by SimpleDocs

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Grantee acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (cb) all determinations with respect to any such future grants, including, but not limited to, the times when awards will be granted, the number of Shares shares of Stock subject to each award, the award price, if any, and the time or times when each award will be settled, will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (ec) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, and ; (fd) neither the Plan, the Award Award, nor the issuance of the Shares Stock confers upon you the Grantee any right to continue as a director of in any relationship with the Company, nor do they limit in any respect the right of the Company Board to lawfully terminate your the Grantee’s relationship with the Company at any time; and (e) in the event that the Grantee is not an employee of the Company, the grant of the Award will not be interpreted to form an employment relationship with the Company.

Appears in 1 contract

Samples: Award Agreement (Dialysis Corp of America)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards will shall be granted, the number of Shares shares subject to each award, the award price, if any, and the time or times when each award will shall be settled, will shall be at the sole discretion of the CompanyAdministrative Committee, as set forth in the Plan; (d) your participation in the Plan is voluntary; (e) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, and (f) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue as a director in the service of the Company, nor do they limit in (or any respect the right of other relationship with) the Company to terminate your relationship with the Company at or any timeSubsidiary.

Appears in 1 contract

Samples: Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.)

AutoNDA by SimpleDocs

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards will be granted, the number of Shares subject to each award, the award price, if any, and the time or times when each award will be settled, will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, and (f) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue as a director of the Company, nor do they limit in any respect the right of the Company to terminate your relationship with the Company at any time.. ADC TELECOMMUNICATIONS, INC. By: Jxxxxxx X. Xxxxxx Secretary, ADC Telecommunications, Inc.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Adc Telecommunications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.