Common use of Non-Exclusivity of Plan Clause in Contracts

Non-Exclusivity of Plan. Neither the adoption of the Plan by the Board, the submission of the Plan to the shareholders of the Company for their approval, nor any provision of the Plan shall be construed as creating any limitation on the power of the Board to adopt additional compensation arrangements from time to time as it may deem desirable, including, without limitation, the granting of stock options and bonuses otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

Appears in 2 contracts

Samples: Director Incentive Stock Option Plan Agreement (Sensys Technologies Inc), Employee Incentive Stock Option Plan Agreement (Sensys Technologies Inc)

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Non-Exclusivity of Plan. Neither the adoption of the Plan by the BoardBoard of Directors of the Company, the submission of the Plan to the shareholders of the Company for their approval, nor any provision of the Plan shall be construed as creating any limitation on the power of the Board of Directors of the Company to adopt additional compensation arrangements from time to time as it may deem desirable, including, without limitation, the granting of stock options and bonuses otherwise than under the Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

Appears in 1 contract

Samples: Plan and Agreement of Purchase (CBQ Inc)

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Non-Exclusivity of Plan. Neither the adoption of the this Plan by the Board, Board nor the submission of the this Plan to the shareholders stockholders of the Company for their approval, nor any provision of the Plan approval shall be construed as creating any limitation limitations on the power of the Board or the Administrator to adopt additional compensation such other incentive arrangements from time to time as it either may deem desirable, including, without limitation, the granting of stock options and bonuses Stock Options, Stock Appreciation Rights, Restricted Stock or Restricted Stock Units otherwise than under the this Plan, and such arrangements may be either generally applicable or applicable only in specific cases.

Appears in 1 contract

Samples: Restricted Stock Agreement (Adaptive Medias, Inc.)

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