Limitation of Participants' Rights Sample Clauses

Limitation of Participants' Rights. Nothing contained in the Plan shall confer upon any person a right to be employed or to continue in the employ of the Company, or interfere in any way with the right of the Company to terminate the employment of a Participant at any time, with or without cause. In addition, nothing shall confer on any individual a right to participate in the Plan in any Fiscal Year. The fact that an individual is an Eligible Individual in one year shall not give the individual a right to participate in the Plan in any other year.
Sample 1
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Limitation of Participants' Rights. Participation in the Plan entitles Participants to those benefits stipulated in the Plan only, and does not give them any other rights, including the right to remain under contract with the distribution network.
Sample 1
Limitation of Participants' Rights. (a) The Plan shall not be deemed to create a contract of employment between Corporation and Participant and shall create no right in Participant to continue in Corporation's employment for any specific period of time, or to create any other rights in Participant or obligations on the part of Corporation, except as are set forth herein or in any written employment contract. Nor shall the Plan restrict the right of Corporation to terminate Participant, or restrict the right of Participant to terminate his employment, except as otherwise provided by written employment contract.
Sample 1
Limitation of Participants' Rights. The adoption and maintenance of the Plan and the Trust by an Employer will not be construed as giving any Participant or other person any legal or equitable right against an Employer or the Trustee other than his or her rights as a Participant, or as creating or modifying the terms of employment of any Participant.
Sample 1
Limitation of Participants' Rights. Nothing contained in the Plan shall (a) confer upon any person a right to be employed or to continue in the employ of the Employer, (b) interfere in any way with the right of the Employer to terminate the employment of a Participant in the Plan at any time, with or without cause and with or without prior notice, without regard to the effect such discharge would have on the Participant's interest in the Plan, or (c) confer upon any Participant any of the rights of a shareholder of the Company unless and until the Participant is duly issued or transferred shares of stock pursuant to Article VII.
Sample 1
Limitation of Participants' Rights. Nothing contained in the Plan shall confer upon any person a right to be employed or to continue in the employ of the Company, or interfere in any way with the right of the Company to terminate the employment of a Participant at any time, with or without cause. 41 10.4 PARTICIPANTS BOUND Any action with respect to the Plan taken by the Plan Administrator or the Company or the Trustee or any action authorized by or taken at the direction of the Plan Administrator, the Company or the Trustee shall be conclusive upon all Participants and beneficiaries entitled to benefits under the Plan.
Sample 1
Limitation of Participants' Rights. Nothing contained in the Plan shall confer upon any person a right to be employed or to continue in the employ of an Employer, or to interfere, in any way, with an Employer's right to terminate the employment of a Participant in the Plan at any time, with or without cause.
Sample 1
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Related to Limitation of Participants' Rights

  • Limitation on Participant’s Rights Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Participant shall have only the rights of a general unsecured creditor of the Corporation with respect to amounts credited and benefits payable, if any, with respect to the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder.

  • Limitations on Rights of Participants A Participant shall not be entitled to receive any greater payment under Section 2.12 or 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 2.14(e) as though it were a Lender.

  • Forfeiture of Rights At any time, any holder of Registrable Securities (including any Holder) may elect to forfeit its rights set forth in this Annex E from that date forward; provided, that a Holder forfeiting such rights shall nonetheless be entitled to participate under Section 2(d) – (f) of this Annex E in any Pending Underwritten Offering to the same extent that such Holder would have been entitled to if the Holder had not withdrawn; and provided, further, that no such forfeiture shall terminate a Holder’s rights or obligations under Section 7 of this Annex E with respect to any prior registration or Pending Underwritten Offering.

  • Limitations upon Participant Rights A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with Section 3.01(e) as though it were a Lender.

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