Common use of No Right to Continued Employment or Further Awards Clause in Contracts

No Right to Continued Employment or Further Awards. Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the Company and its Affiliates or (ii) giving the Participant any right to be reemployed by the Company and its Affiliates following any termination of employment. The termination of employment provisions in this Agreement only apply to the treatment of this Award as specified herein and shall not otherwise affect the Participant’s employment relationship. Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment. The Company has granted this Award to the Participant in its sole discretion. This Award does not form part of the Participant’s employment contract, if any. Neither this Agreement nor the Plan confers on the Participant any right or entitlement to receive another Award, or any other similar award at any time in the future or in respect of any future period. This Award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year and does not diminish in any way the Company’s discretion to determine the amount, if any, of the Participant’s compensation.

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Agreement (TPG Inc.), Restricted Stock Unit Agreement (TPG Inc.), Performance Restricted Stock Unit Agreement (TPG Inc.)

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No Right to Continued Employment or Further Awards. (a) Neither the Plan nor this Agreement shall be construed as (i) giving the Participant any right to continue in the employ of the Company AAM and its Affiliates subsidiaries or (iiiii) giving the Participant any right to be reemployed by the Company and its Affiliates subsidiaries following any termination of employment. The termination of employment provisions in this Agreement only apply to the treatment of this the Award as specified herein and shall not otherwise affect the Participant’s employment relationship. Nothing contained in this Agreement shall be deemed to constitute or create a contract of employment. (b) The Company has granted this the Award to the Participant in its sole discretion. This Award The Awarad does not form part of the Participant’s employment contract, if any. Neither this Agreement nor the Plan confers on the Participant any right or entitlement to receive another Award, or any other similar award at any time in the future or in respect of any future period. This The Award does not confer on the Participant any right or entitlement to receive compensation in any specific amount for any future fiscal year year, and does not diminish in any way the Company’s 's discretion to determine the amount, if any, of the Participant’s 's compensation. 13.

Appears in 1 contract

Samples: Award Agreement

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