Common use of Certain Conditions of the Award Clause in Contracts

Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that: (a) The 2018 SIP is established voluntarily by the Company, it is discretionary in nature and it may be amended, altered or discontinued by the Company at any time; (b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company; (c) The Award and the Participant’s participation in the 2018 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any Subsidiary; (d) The Participant is voluntarily participating in the 2018 SIP; and (e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.

Appears in 3 contracts

Samples: Performance Stock Unit Award Agreement (Forestar Group Inc.), Restricted Stock Unit Award Agreement (Forestar Group Inc.), Restricted Stock Unit Award Agreement (Forestar Group Inc.)

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Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that: (a) The 2018 2014 SIP is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, altered suspended or discontinued terminated by the Company at any time; (b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company; (c) The Award and the Participant’s participation in the 2018 2014 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any Subsidiary; (d) The Participant is voluntarily participating in the 2018 2014 SIP; and (e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Horton D R Inc /De/)

Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that: (a) The 2018 SIP is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, altered suspended or discontinued terminated by the Company at any time; (b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company; (c) The Award and the Participant’s participation in the 2018 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any Subsidiary; (d) The Participant is voluntarily participating in the 2018 SIP; and (e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Forestar Group Inc.)

Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that: (a) The 2018 2006 SIP is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, altered suspended or discontinued terminated by the Company at any time; (b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company; (c) The Award and the Participant’s participation in the 2018 2006 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any SubsidiaryAffiliate; (d) The Participant is voluntarily participating in the 2018 2006 SIP; and (e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Horton D R Inc /De/)

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Certain Conditions of the Award. The Participant agrees that he or she will not acquire Shares pursuant to the Award or transfer, assign, sell or otherwise deal with such Shares except in compliance with applicable law. Further, in accepting the Award, the Participant acknowledges that: (a) The 2018 2006 SIP is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, altered suspended or discontinued terminated by the Company at any time; (b) The grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future grants of awards, or benefits in lieu of awards, even if awards have been granted repeatedly in the past. All decisions with respect to future award grants, if any, will be at the sole discretion of the Company; (c) The Award and the Participant’s 's participation in the 2018 2006 SIP will not be interpreted to form an employment contract or service contract or relationship with the Company or any SubsidiaryAffiliate; (d) The Participant is voluntarily participating in the 2018 2006 SIP; and; (e) The future value of the underlying Shares is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Horton D R Inc /De/)

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