Common use of Discretionary Nature of Plan Clause in Contracts

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 18 contracts

Samples: Performance Stock Unit Award Agreement (Avangrid, Inc.), Performance Unit Award Agreement (Team Inc), Equity Incentive Plan (Premier Financial Corp)

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Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in under this Award Agreement does not create any contractual right or other right to receive any PSUs PSUs, DERs or other Awards awards in the future. Future Awardsawards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the GranteeParticipant’s employment service with the Company, Advisor and/or their respective Affiliates.

Appears in 9 contracts

Samples: Award Agreement (Braemar Hotels & Resorts Inc.), Award Agreement (Ashford Hospitality Trust Inc), Award Agreement (Ashford Hospitality Trust Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.

Appears in 6 contracts

Samples: Performance Share Unit Agreement (LIGHTBRIDGE Corp), Performance Unit Award Agreement (Team Inc), Performance Share Unit Agreement (Audioeye Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled cancelled, or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Incentive Awards in the future. Future Incentive Awards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 6 contracts

Samples: Performance Share Unit Agreement (Shyft Group, Inc.), Performance Share Unit Agreement (Shyft Group, Inc.), Performance Share Unit Agreement (Shyft Group, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s Participant's employment with the Company.

Appears in 6 contracts

Samples: Form of Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.), Form of Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.), Performance Stock Unit Agreement (SiteOne Landscape Supply, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards Grants in the future. Future AwardsGrants, if any, will be at the sole discretion of the Company. 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 Service to the Company.

Appears in 4 contracts

Samples: Omnibus Equity Compensation Plan (International Money Express, Inc.), Omnibus Equity Compensation Plan (International Money Express, Inc.), Omnibus Equity Compensation Plan (International Money Express, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the GranteeParticipant’s employment with the Company.

Appears in 4 contracts

Samples: Performance Share Unit Agreement (Chimera Investment Corp), Performance Share Unit Agreement (Chimera Investment Corp), Performance Share Unit Agreement (Natural Gas Services Group Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any Except as otherwise provided in separate employment agreements which may exist between the Company and a Grantee from time to time, any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (HomeStreet, Inc.), Performance Share Unit Agreement (HomeStreet, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement Award does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 2 contracts

Samples: TCF Financial Corp, TCF Financial Corp

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Grant Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.

Appears in 2 contracts

Samples: Share Unit Agreement (J&j Snack Foods Corp), Share Unit Agreement (J&j Snack Foods Corp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled cancelled, or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the GranteeParticipant’s employment with the Company.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Supernus Pharmaceuticals, Inc.), Performance Share Unit Award Agreement (Supernus Pharmaceuticals, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled cancelled, or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Award Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 service to the Company.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (KORU Medical Systems, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s Participant's employment with the Company.. 35568622v.2

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Evolution Petroleum Corp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion, subject to Section 23 of the Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretiondiscretion as provided in said Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.. Executive Employment Agreement – B. Xxxxxx

Appears in 1 contract

Samples: Executive Employment Agreement (iSpecimen Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this any Award Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

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Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in under this Award Agreement does not create any contractual right or other right to receive any PSUs or other Awards awards in the future. Future Awardsawards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the GranteeParticipant’s employment service with the Company, Advisor and/or their respective Affiliates.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Ashford Hospitality Prime, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Grant Agreement does not create any contractual right or other right to receive any PSUs or other Awards awards in the future. Future Awardsawards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 1 contract

Samples: Unit Agreement (J&j Snack Foods Corp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretiondiscretion as provided in said Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.. iSpecimen Inc. Executive Employment Agreement – C. Xxxxxxx

Appears in 1 contract

Samples: Executive Employment Agreement (iSpecimen Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretiondiscretion as provided in said Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.. iSpecimen Inc. Executive Employment Agreement – J. Xxxxxx

Appears in 1 contract

Samples: Executive Employment Agreement (iSpecimen Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s Participant's employment with the Company.

Appears in 1 contract

Samples: Performance Share Unit Agreement (Chimera Investment Corp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement Award does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.. [[GRANTNUMBER]]

Appears in 1 contract

Samples: Solicitation and Confidentiality Agreement (TCF Financial Corp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion, subject to Section 23 of the Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Team Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the GranteeParticipant’s employment with the Company.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Supernus Pharmaceuticals, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretiondiscretion as provided in said Plan. The grant of the PSUs in this Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee’s 's employment with the Company.

Appears in 1 contract

Samples: Performance Share Unit Agreement (iSpecimen Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the PSUs in this any Award Agreement does not create any contractual right or other right to receive any PSUs or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. 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 Company.. ​ ​

Appears in 1 contract

Samples: Performance Share Unit Master Frame Agreement (Gatos Silver, Inc.)

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