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 Units in this Agreement does not create any contractual right or other right to receive any Units or other awards or grants in the future. Future awards, if any, will be at the sole discretion of the Committee. 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 or its Affiliates.

Appears in 7 contracts

Samples: Award Agreement (Flagstar Bancorp Inc), Restricted Stock Unit (Flagstar Bancorp Inc), Restricted Stock Unit (Flagstar Bancorp Inc)

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Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company Board at any time, in its discretion. The grant of the Performance Units in this Agreement does not create any contractual right or other right to receive any Performance Units or other awards or grants in the future. Future awards, if any, will be at the Committee’s sole discretion of the Committeediscretion. 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 or its AffiliatesCompany.

Appears in 7 contracts

Samples: Performance Unit Award Agreement (ONE Gas, Inc.), Performance Unit Award Agreement (ONE Gas, Inc.), Performance Unit Award Agreement (ONE Gas, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company Board at any time, in its discretion. The grant of the Restricted Units in this Agreement does not create any contractual right or other right to receive any Restricted Units or other awards or grants in the future. Future awards, if any, will be at the Committee’s sole discretion of the Committeediscretion. 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 or its AffiliatesCompany.

Appears in 7 contracts

Samples: Restricted Unit Award Agreement (ONE Gas, Inc.), Restricted Unit Award Agreement (ONE Gas, Inc.), Restricted Unit Award Agreement (ONE Gas, 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 Performance Units in this Agreement does not create any contractual right or other right to receive any Performance Units or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCompany. 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 or its AffiliatesCompany.

Appears in 5 contracts

Samples: Executive Performance Stock Unit Agreement (Target Hospitality Corp.), Form of 2023 Executive Performance Stock Unit Agreement (Target Hospitality Corp.), Form of Executive Performance Stock Unit Agreement (Target Hospitality 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 Units in this Agreement Unit Grant does not create any contractual right or other right to receive any Common Units or other awards or grants Awards in the future. Future awards, if any, will be at the sole discretion of the CommitteeCompany. 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 or its AffiliatesCompany.

Appears in 4 contracts

Samples: Common Unit Grant Agreement (Central Energy Partners Lp), Common Unit Grant Agreement (Central Energy Partners Lp), Common Unit Grant Agreement (Central Energy Partners Lp)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled altered, suspended or terminated by the Company Board at any time, in its discretion. The grant of the Performance Stock Units in this Agreement does not create any contractual right or other right to receive any Performance Stock Units or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCommittee and the Board. 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 with, or service to, the Company or its Affiliates.

Appears in 2 contracts

Samples: Performance Stock Unit Agreement (EVO Payments, Inc.), Stock Unit Agreement (EVO Payments, Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled altered, suspended or terminated by the Company Board at any time, in its discretion. The grant of the Performance Units in this Agreement does not create any contractual right or other right to receive any Performance Units or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCommittee and the Board. 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 with, or service to, the Company or its Affiliatesaffiliates.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (EVO Payments, Inc.), Performance Unit Award Agreement (EVO Payments, 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 Performance Units in this Agreement does not create any contractual right or other right to receive any Performance Units or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCompany. 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 or its AffiliatesCompany.

Appears in 1 contract

Samples: Performance Unit Award Agreement (InfuSystem Holdings, Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company Board at any time, in its discretion. The grant of the Performance Share Units in pursuant to this Agreement does not create any contractual right or other right to receive any Performance Share Units or other awards or grants Grants in the future. Future awardsGrants, if any, will be at the sole discretion of the Board or the Committee. 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 or other service with the Company or its AffiliatesCompany.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Workhorse Group 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 Units Performance Shares in this Agreement does not create any contractual right or other right to receive any Units Performance Shares or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCompany. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee's Xxxxxxx’s employment with the Company or its AffiliatesCompany.

Appears in 1 contract

Samples: Performance Share Award Agreement (Meritage Homes CORP)

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

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Workhorse Group Inc.)

Discretionary Nature of Plan. The Plan is discretionary and may be amendedamended or otherwise modified, cancelled suspended or terminated at any time from time to time by the Company at any time, Board or the Committee in accordance with its discretionterms. The grant of the Units in an Award under this Agreement does not create any contractual right or other right to receive any Units Restricted Common Stock or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the Committee. Any amendment, modification, suspension or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee's employment with ’s membership on the Company or its AffiliatesBoard.

Appears in 1 contract

Samples: Restricted Common Stock Award Agreement (Regional Health Properties, Inc)

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company Board at any time, in its discretion. The grant of the Performance Share Units in pursuant to this Agreement does not create any contractual right or other right to receive any Performance Share Units or other awards or grants Grants in the future. Future awardsGrants, if any, will be at the sole discretion of the Committee. 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 or other service with the Company or its AffiliatesCompany.

Appears in 1 contract

Samples: Performance Share Unit Award Agreement (Workhorse 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 Units Performance Shares in this Agreement does not create any contractual right or other right to receive any Units Performance Shares or other awards or grants Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the CommitteeCompany. 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 or its AffiliatesCompany.

Appears in 1 contract

Samples: Performance Share Award Agreement (Meritage Homes CORP)

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