Common use of Failure to Enforce Not a Waiver Clause in Contracts

Failure to Enforce Not a Waiver. The failure of the Company to enforce at any time any provision of this Agreement shall in no way be construed to be a waiver of such provision or of any other provision hereof. Notwithstanding the foregoing, the Committee shall not waive any conditions, goals and restrictions on Restricted Shares intended to qualify as performance-based compensation within the meaning of Code Section 162(m) unless doing so would not cause such award to fail to qualify as performance-based compensation under Code Section 162(m).

Appears in 9 contracts

Samples: Restricted Stock Award Agreement (World Acceptance Corp), Restricted Stock Award Agreement (World Acceptance Corp), Director Restricted Stock Award Agreement (World Acceptance Corp)

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