Common use of Rights Limited Clause in Contracts

Rights Limited. The Administrator, in its sole discretion, shall determine from the group of eligible persons whether an individual shall be a participant under the Plans. Any grant made under the Plans shall be made in the sole discretion of the Committee and no prior grant shall entitle a person to any future grant. Nothing in the Plans or any Performance Restricted Stock Unit Award will be construed as giving any person the right to continued employment or employment for a specific period with the Group, or any rights as a shareholder except as to Shares actually issued under the Equity Plan. In no event shall the Plans, or any grant made under the Plans, form a part of an employee’s contract of employment, if any. The loss of existing or potential profit in Performance Restricted Stock Units or Shares will not constitute an element of damages in the event of termination of employment for any reason, even if the termination is in violation of an obligation of the Group to the Participant.