Common use of Limitation of Implied Rights Clause in Contracts

Limitation of Implied Rights. (a) Neither a Participant nor any other person shall, by reason of this Agreement, acquire any right in or title to any assets, funds or property of the Company or any Related Company whatsoever, including, without limitation, any specific funds, assets, or other property which the Company or any Related Company, in their sole discretion, may set aside in anticipation of a liability hereunder. A Participant shall have only a contractual right to the Stock to the extent provided herein, unsecured by any assets of the Company or any Related Company. Nothing contained herein shall constitute a guarantee that the assets of the Company shall be sufficient to pay any benefits to any person.

Limitation of Implied Rights. (a) Neither a Participant nor any other person shall, by reason of this Agreement, acquire any right in or title to any assets, funds or property of the Company or any Related Company whatsoever, including, without limitation, any specific funds, assets, or other property which the Company or any Related Company, in their its sole discretion, may set aside in anticipation of a liability hereunder. A Participant shall have only a contractual right to the Stock to the extent provided herein, unsecured by any assets of the Company or any Related Company. Nothing contained herein shall constitute a guarantee that the assets of the Company shall be sufficient to pay any benefits to any person.

Limitation of Implied Rights. (a) Neither a Participant nor any other person shallRecipient shall not, by reason of this Agreement, acquire any right in or title to any assets, funds or property of the Company or any Related Company subsidiary whatsoever, including, without limitation, any specific funds, assets, or other property which the Company or any Related Companysubsidiary, in their its sole discretion, may set aside in anticipation of a liability hereunderunder the Agreement. A Participant Recipient shall have only a contractual right to the Stock to issuable upon exercise of the extent provided hereinOption in accordance with this Agreement, unsecured by any assets of the Company or any Related Company. Nothing subsidiary, and nothing contained herein in this Agreement shall constitute a guarantee that the assets of the Company or any Subsidiary shall be sufficient to pay any benefits to any person.