Common use of Limitation of Rights Clause in Contracts

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares or any other Award in the future, even if Performance Shares or other Awards are granted on a regular or repeated basis, as grants of Performance Shares and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 15 contracts

Samples: Performance Restricted Stock Unit Agreement (Flowserve Corp), Performance Restricted Stock Unit Agreement (Flowserve Corp), Performance Restricted Stock Unit Agreement (Flowserve Corp)

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Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares Restricted Stock or any other Award in the future, even if Performance Shares Restricted Stock or other Awards are granted on a regular or repeated basis, as grants of Performance Shares Restricted Stock and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 10 contracts

Samples: Restricted Stock Agreement (Flowserve Corp), Restricted Stock Agreement (Flowserve Corp), Restricted Stock Agreement (Flowserve Corp)

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares restricted stock or any other Award in the future, even if Performance Shares restricted stock or other Awards are granted on a regular or repeated basis, as grants of Performance Shares restricted stock and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 7 contracts

Samples: Restricted Stock Agreement (Hercules Offshore, Inc.), Restricted Stock Agreement (Hercules Offshore, Inc.), Restricted Stock Agreement (Hercules Offshore, Inc.)

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares restricted stock or any other Award in the future, even if Performance Shares restricted stock or other Awards are granted on a regular or repeated basis, as grants of Performance Shares restricted stock and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Hercules Offshore, Inc.), Restricted Stock Agreement (Hercules Offshore, Inc.)

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares or any other Award in the future, even if Performance Shares or other Awards are granted on a regular or repeated basis, as grants of Performance Shares and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in property, including but not limited to, any specified fund, asset or assets or shares of Common Stock of the Company or any Subsidiary; or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 2 contracts

Samples: Performance Award Agreement (Hercules Offshore, Inc.), Performance Award Agreement (Hercules Offshore, Inc.)

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Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: to (a) give the Participant any right to be awarded any further Performance Shares restricted stock or any other Award in the future, even if Performance Shares restricted stock or other Awards are granted on a regular or repeated basis, as grants of Performance Shares restricted stock and other Awards are completely voluntary and made solely in the discretion of the Committee; ; (b) give the Participant or any other person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hercules Offshore, Inc.)

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: (a) give the Participant any right to be awarded any further Performance Shares or any other Award in the future, even if Performance Shares or other Awards are granted on a regular or repeated basis, as grants of Performance Shares and other Awards are completely voluntary and made solely in the discretion of the Committee; (b) give the Participant or any other person any interest in any fund or in property, including but not limited to, any specified fund, asset or assets or shares of Common Stock or any asset or assets or shares of any subsidiary of the Company or any (β€œSubsidiary”); or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 1 contract

Samples: Special Retention Award Agreement (Hercules Offshore, Inc.)

Limitation of Rights. Nothing in this Agreement or the Plan shall be construed to: to (a) give the Participant any right to be awarded any further Performance Shares restricted stock or any other Award in the future, even if Performance Shares restricted stock or other Awards are granted on a regular or repeated basis, as grants of Performance Shares restricted stock and other Awards are completely voluntary and made solely in the discretion of the Committee; ; (b) give the Participant or any other person Person any interest in any fund or in any specified asset or assets of the Company or any Subsidiary; or or (c) confer upon the Participant the right to continue in the employment or service of the Company or any Subsidiary, or affect the right of the Company or any Subsidiary to terminate the employment or service of the Participant at any time or for any reason.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hercules Offshore, Inc.)

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