Common use of Discretionary Nature of Grant; No Vested Rights Clause in Contracts

Discretionary Nature of Grant; No Vested Rights. The Grantee acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled or terminated by the Company, in its sole discretion, at any time. The grant of the Performance Shares under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Performance Shares or benefits in lieu of Performance Shares in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of any grant, the number of Shares subject to the grant, and the vesting provisions. Any amendment, modification or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee's employment with the Employer.

Discretionary Nature of Grant; No Vested Rights. The Grantee Employee acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Performance Shares Units under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Performance Shares Units or benefits in lieu of Performance Shares Units in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of any grant, the number of Shares shares of Common Stock subject to the grant, and the vesting provisions. Any amendment, modification modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee's Employee’s employment with the Employer.