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 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 in the future. Future awards, if any, will be at the Committee’s sole discretion. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant's employment with the Company.

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.)

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Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Board 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 Awards in the future. Future awardsAwards, if any, will be at the Committee’s sole discretiondiscretion 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 Participant's ’s employment with the Company.

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 Board Company at any time, in its discretion. The grant of the Performance Units in this Agreement Unit Grant does not create any contractual right or other right to receive any Performance Common Units or other awards Awards in the future. Future awards, if any, will be at the Committee’s sole discretiondiscretion 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 Participant's Grantee’s employment with the Company.

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 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 Awards in the future. Future awardsAwards, if any, will be at the Committee’s sole discretiondiscretion of the Committee 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 Participant's Grantee’s employment with with, or service to, the CompanyCompany or its affiliates.

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 altered, suspended or terminated by the 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 Awards in the future. Future awardsAwards, if any, will be at the Committee’s sole discretiondiscretion of the Committee 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 Participant's Grantee’s employment with with, or service to, the CompanyCompany or its Affiliates.

Appears in 2 contracts

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

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

Appears in 1 contract

Samples: Performance Share Award Agreement (Meritage Homes CORP)

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 Board at any time, or the Committee in accordance with its discretionterms. The grant of the Performance Units in an Award under this Agreement does not create any contractual right or other right to receive any Performance Units Restricted Common Stock or other awards Awards in the future. Future awardsAwards, if any, will be at the sole discretion of the Committee’s sole discretion. Any amendment, modification, suspension or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant's employment with Grantee’s membership on the CompanyBoard.

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 Board 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 Awards in the future. Future awardsAwards, if any, will be at the Committee’s sole discretiondiscretion 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 ParticipantGrantee's employment with the Company.

Appears in 1 contract

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

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

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 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 Grants in the future. Future awardsGrants, if any, will be at the sole discretion of the Committee’s sole discretion. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant's Grantee’s employment or other service with the Company.

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 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 Grants in the future. Future awardsGrants, if any, will be at the sole discretion of the Board or the Committee’s sole discretion. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant's Grantee’s employment or other service with the Company.

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 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 Grants in the future. Future awardsGrants, if any, will be at the sole discretion of the Board or the Committee’s sole discretion. Any amendment, modification, or termination of the Plan shall will not constitute a change or impairment of the terms and conditions of the Participant's Grantee’s employment or other service with the Company.

Appears in 1 contract

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

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