Common use of Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation Clause in Contracts

Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the RSUs evidenced hereby, the Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Board at any time; (ii) that the Award does not create any contractual or other right to receive future grants of Awards; (iii) that participation in the Plan is voluntary; and (iv) that the future value of the Shares is unknown and cannot be predicted with certainty.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Microvast Holdings, Inc.), Restricted Stock Unit Award Agreement (Microvast Holdings, Inc.), Restricted Stock Unit Award Agreement (Microvast Holdings, Inc.)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into accepting this Agreement and accepting the grant of the RSUs evidenced herebycontemplated hereunder, the Participant acknowledges: expressly acknowledges that (iA) that the Plan is discretionary in nature and may be suspended or terminated by the Board Company at any time; (iiB) the grant of RSUs is a one-time benefit that the Award does not create any contractual or other right to receive future grants of Awards; (iii) that participation RSUs or other Awards under the Plan, or benefits in the Plan is voluntary; and (iv) that the future value lieu of the Shares is unknown and cannot be predicted with certainty.RSUs;

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item of Compensation. By entering into this Agreement and accepting the RSUs PSUs evidenced hereby, the Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Board at any time; (ii) that the Award does not create any contractual or other right to receive future grants of Awards; (iii) that participation in the Plan is voluntary; and (iv) that the future value of the Shares is unknown and cannot be predicted with certainty.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Microvast Holdings, Inc.)

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