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. 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
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. (b) The rights of Participant or any person claiming through Participant under the Plan shall be solely those of an unsecured general creditor of Corporation. Participant, or any person claiming through Participant, shall have the right to receive from Corporation only those payments as specified herein. Participant agrees that he or any person claiming through him shall have no rights or interests in any asset of Corporation. (c) Except to the extent provided by paragraph 5(b) and as permitted by applicable tax law, no asset used or acquired by Corporation in connection with the liabilities it has assumed under the Plan shall be deemed to be held under any trust for the benefit of Participant. Nor shall it be considered security for the performance of the obligations of Corporation, except as provided by separate agreement and as permitted under Internal Revenue Service and Department of Labor rules and regulations for unfounded supplemental retirement plans.
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

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.

  • PARTICIPANT’S RIGHTS CONTRACTOR shall post the current HMIS privacy notice as well as the Orange County 8 Continuum of Care Grievance and Appeals poster in locations readily available to Participants and staff.

  • 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.

  • Rights of Participants Any participant in a Lender's interests hereunder may assert any claim for yield protection under Section 4.03 that it could have asserted if it were a Lender hereunder. If such a claim is asserted by any such participant, it shall be entitled to receive such compensation from the Borrower as a Lender would receive in like circumstances; provided, however, that with respect to any such claim, the Borrower shall have no greater liability to the Lender and its participant, in the aggregate, than it would have had to the Lender alone had no such participation interest been created.

  • 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 on Rights Associated with Units The Participant shall have no rights as a stockholder of the Corporation, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate.

  • Limitation 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.

  • Allocation of Forfeitures NOTE: Subsections (a), (b) and (c) below apply to forfeitures of amounts other than Excess Aggregate Contributions.

  • 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.

  • Limitation of Rights The Option does not confer to the Optionee or the Optionee's personal representative any rights of a shareholder of the Company unless and until shares of Stock are in fact issued to such person in connection with the exercise of the Option. Nothing in this Option Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Optionee's employment at any time, nor confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary.

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