Common use of Employment or Other Relationship; Rights as a Stockholder Clause in Contracts

Employment or Other Relationship; Rights as a Stockholder. Nothing in this Agreement shall be construed to (a) limit in any way the right of the Company or any Affiliate to terminate the status of Participant as an employee of the Company at any time, or (b) be evidence of any agreement or understanding, express or implied, that the Company or any Affiliate will employ Participant in any particular position, at any particular rate of compensation or for any particular period of time. Participant shall have no rights as a stockholder with respect to shares issued under this Agreement until such shares have been issued to Participant. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 14 of the Plan.

Appears in 4 contracts

Samples: Performance Award Agreement (Broadwind Energy, Inc.), Stock Appreciation Rights Agreement (Broadwind Energy, Inc.), Stock Appreciation Rights Agreement (Broadwind Energy, Inc.)

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Employment or Other Relationship; Rights as a Stockholder. Nothing in this This Agreement shall be construed not confer on Participant any right with respect to (a) limit the continuance of employment by the Company or any of its Affiliates, nor will it interfere in any way with the right of the Company or any Affiliate to terminate such employment. Until the status risks of Participant as an employee of forfeiture have lapsed or the Company at any timeshares subject to this Agreement have been forfeited, or (b) be evidence of any agreement or understanding, express or implied, that the Company or any Affiliate will employ Participant in any particular position, at any particular rate of compensation or for any particular period of time. Participant shall be entitled to vote the shares of Stock awarded pursuant to this Agreement and shall receive all dividends attributable to such shares, but Participant shall not have no any other rights as a stockholder with respect to shares issued under this Agreement until such shares have been issued to Participantshares. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 14 of the Plan.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Tower Tech Holdings Inc.)

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