Common use of Discretionary Nature of the Plan Clause in Contracts

Discretionary Nature of the 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 Restricted Stock in this Agreement does not create any contractual right or other right to receive any Restricted Stock 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 or engagement with the Company.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Sensus Healthcare, Inc.), Restricted Stock Award Agreement (Sensus Healthcare, Inc.)

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Discretionary Nature of the 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 Restricted Stock in this Agreement does not create any contractual right or other right to receive any Restricted Stock 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 or engagement with the Company.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Professional Holding Corp.), Restricted Stock Award Agreement (Professional Holding Corp.)

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