Discretionary Nature of Plan; No Vested Rights. The Employee acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an award or benefits in lieu of Stock Units in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Stock subject to the award, and the vesting provisions.
Appears in 6 contracts
Samples: Stock Units Award Agreement, Stock Units Award Agreement (Borgwarner Inc), Stock Units Award Agreement (Borgwarner Inc)
Discretionary Nature of Plan; No Vested Rights. The Employee Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Restricted Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an a grant of Restricted Stock Units or other award or benefits in lieu of the Restricted Stock Units in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an any grant, the form of award, the number of shares of Stock Shares subject to the award, an award and the vesting provisions.
Appears in 3 contracts
Samples: Restricted Stock Performance Unit Agreement (Take Two Interactive Software Inc), Global Restricted Stock Unit Agreement (Take Two Interactive Software Inc), Global Restricted Stock Unit Agreement (Take Two Interactive Software Inc)
Discretionary Nature of Plan; No Vested Rights. The Employee Director acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an award or benefits in lieu of Stock Units in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Stock subject to the award, and the vesting provisions.
Appears in 2 contracts
Samples: Stock Units Award Agreement (Borgwarner Inc), Stock Units Award Agreement (Borgwarner Inc)
Discretionary Nature of Plan; No Vested Rights. The Employee Optionee acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of Stock Units the Option under the Plan is a one-time benefit and does not create any contractual or other right to receive an Option or other award or benefits in lieu of Stock Units an Option in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Common Stock subject to an award, the awardvesting provisions, and the vesting provisionsexercise price.
Appears in 2 contracts
Samples: Stock Option Agreement (Nanometrics Inc), Stock Option Agreement (Nanometrics Inc)
Discretionary Nature of Plan; No Vested Rights. The Employee Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of Stock Units the Option under the Plan is a one-time benefit and does not create any contractual or other right to receive an Option or other award or benefits in lieu of Stock Units an Option in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Common Stock subject to an award, the awardvesting provisions, and the vesting provisionsexercise price.
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Discretionary Nature of Plan; No Vested Rights. The Employee Director acknowledges and agrees that the Plan is discretionary in nature and limited in duration, duration and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an award or benefits in lieu of Stock Units in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Stock subject to the award, and the vesting provisions.
Appears in 1 contract
Discretionary Nature of Plan; No Vested Rights. The Employee acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelledcanceled, or terminated by the Company, in its sole discretion, at any time. The grant of the Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive an award or benefits in lieu of Stock Units in the future. Future awards, if any, will be at the sole discretion of the Company, including, but not limited to, the form and timing of an award, the number of shares of Stock subject to the award, and the vesting provisions.
Appears in 1 contract