Common use of No Acquired Rights Clause in Contracts

No Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (a) 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; (a) 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 (a) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp)

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

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Restricted Stock Unit Award Agreement (Berry Corp (Bry))

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

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Restricted Stock Unit Award Agreement (Berry Petroleum Corp), Prsu Award Agreement (Amplify Energy Corp.)

No Acquired Rights. The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (ab) 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; (ac) 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 (ad) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, redundancy or resignation.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Restricted Stock Unit Award Agreement (Berry Corp (Bry)), Restricted Stock Unit Award Agreement (Berry Corp (Bry))

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

Appears in 1 contract

Samples: Executive Trsu Award Agreement (Amplify Energy Corp.)

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