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

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall be settled, shall be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any time.

Appears in 8 contracts

Samples: Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.), Performance Share Unit Grant Agreement (John Wiley & Sons, Inc.), Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Participant acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan, provided that, except as provided in Section 17 of the Plan, no amendment to this Agreement shall adversely affect in a material manner the Participant’s rights under this Agreement without his or her written consent; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this the Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your the Participant’s employment contract, if any, unless expressly provided for in any such employment contract; (f) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and the Participant will have no entitlement to compensation or damages as a consequence of the forfeiture of any unvested portion of the Award as a result of the Participant’s Termination of Service for any reason; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Shares shares underlying the Award confers upon you the Participant any right to continue in the employ or service of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your the Participant’s employment or other relationship with the Company or any Subsidiary, as the case may be, at any timetime with or without Cause, and (i) the grant of the Award will not be interpreted to form an employment relationship with the Company or any Subsidiary; and furthermore, the grant of the Award will not be interpreted to form an employment contract with the Company or any Subsidiary.

Appears in 3 contracts

Samples: Market Stock Unit Agreement (NRG Energy, Inc.), Plan Restricted Stock Unit Agreement (NRG Energy Inc), Plan Performance Stock Unit Agreement (NRG Energy, Inc.)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall be settled, shall be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) except as otherwise provided for in any Employment Agreement you may participate in, the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any time.

Appears in 3 contracts

Samples: Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.), Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.), Restricted Share Unit Grant Agreement (John Wiley & Sons, Inc.)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this the Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and you will have no entitlement to compensation or damages as a consequence of your forfeiture of any unvested portion of the Award as a result of the termination of your employment by the Company or any Subsidiary for any reason; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any timetime and (i) in the event that you are not a direct employee of Company, the grant of the Award will not be interpreted to form an employment relationship with the Company; and furthermore, the grant of the Award will not be interpreted to form an employment contract with your employer, the Company or any Subsidiary.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (Asiainfo Holdings Inc), Performance Stock Unit Award Agreement (Asiainfo Holdings Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company Board of Directors at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares of Common Stock subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this the Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-term service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock common stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Restricted Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any timetime and (i) in the event that you are not a direct employee of Company, the grant of the Award will not be interpreted to form an employment contract with the Company or any Subsidiary.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Maverick Tube Corporation), Restricted Stock Award Agreement (Maverick Tube Corporation)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company Board of Directors at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares of Common Stock subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this the Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) the Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any timetime and (i) in the event that you are not a direct employee of Company, the grant of the Award will not be interpreted to form an employment contract with the Company or any Subsidiary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Maverick Tube Corporation)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Participant acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the this Award is a discretionary one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your the Participant’s participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your the Participant’s employment contract, if any; (f) the this Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, welfare, insurance, pension or retirement benefits or similar payments; (g) the future value of the Common Stock Option Shares subject to the this Award is unknown and cannot be predicted with certainty, ; (h) neither the Plan, the this Award nor the issuance of the Option Shares confers will (1) confer upon you the Participant any right to continue in the employ of (or any other relationship with) the Company or any Subsidiarysubsidiary of the Company, nor do they (2) if the Participant is an “at will” employee, alter in any way the Participant’s “at will” employment, or (3) limit in any respect the right of the Company or any Subsidiary subsidiary to terminate your employment the Participant’s Employment or other relationship with the Company or any Subsidiarysubsidiary, as the case may be, at any time, and (i) in the event that the Participant is not a direct employee of the Company, the grant of this Award will not be interpreted to form an employment relationship with the Company; and furthermore, the grant of this Award will not be interpreted to form an employment contract with the Participant’s employer, the Company or any subsidiary.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Green Mountain Coffee Roasters Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award Option is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall be settled, shall be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this Award Option on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock subject to the Award Option is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award Option nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any time.

Appears in 1 contract

Samples: Non Qualified Premium Stock Option Grant Agreement (John Wiley & Sons, Inc.)

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Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Participant acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the this Award is a discretionary one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your the Participant’s participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your the Participant’s employment contract, if any; (f) the this Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, welfare, insurance, pension or retirement benefits or similar payments; (g) the future value of the Common Stock Shares subject to the this Award is unknown and cannot be predicted with certainty, ; (h) neither the Plan, the this Award nor the issuance of the Shares confers will (1) confer upon you the Participant any right to continue in the employ of (or any other relationship with) the Company or any Subsidiarysubsidiary of the Company, nor do they (2) if the Participant is an “at will” employee, alter in any way the Participant’s “at will” employment, or (3) limit in any respect the right of the Company or any Subsidiary subsidiary to terminate your employment the Participant’s Employment or other relationship with the Company or any Subsidiarysubsidiary, as the case may be, at any time, and (i) in the event that the Participant is not a direct employee of the Company, the grant of this Award will not be interpreted to form an employment relationship with the Company; and furthermore, the grant of this Award will not be interpreted to form an employment contract with the Participant’s employer, the Company or any subsidiary. For the avoidance of doubt, language relating to termination for “Cause” or “not-for-Cause” pertains solely to the opportunity to realize RSUs as provided in this Agreement, and does not require the Company to establish “Cause” for the termination of the Participant’s Employment.

Appears in 1 contract

Samples: Green Mountain Coffee Roasters (Green Mountain Coffee Roasters Inc)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, you acknowledge that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award Option is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall be settled, shall be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this Award Option on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your employment contract, if any; (f) except as otherwise provided for in any Employment Agreement you may participate in, the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) the future value of the Common Stock subject to the Award is unknown and cannot be predicted with certainty, (h) neither the Plan, the Award Option nor the issuance of the Shares confers upon you any right to continue in the employ of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your employment or other relationship with the Company or any Subsidiary, as the case may be, at any time.

Appears in 1 contract

Samples: Non Qualified (John Wiley & Sons, Inc.)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Participant acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (cb) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares of Stock subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (ec) the value of this the Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your the Participant's employment contract, if any; (fd) the Award is not part of normal or expected compensation for any purpose, including including, without limitation limitation, for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (ge) the future value of the Common Stock Shares subject to the Award is unknown and cannot be predicted with certainty, ; (hf) neither the Plan, the Award Award, nor the issuance of the Shares confers upon you the Participant any right to continue in the employ of (of, or any other relationship with) , the Company or any SubsidiaryCompany, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your the Participant's employment or other relationship with the Company or any Subsidiary, as the case may be, at any time; and (g) in the event that the Participant is not a direct employee of the Company, the grant of the Award will not be interpreted to form an employment relationship with the Company.

Appears in 1 contract

Samples: Stock Award Agreement (Dialysis Corp of America)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the AwardOption, you acknowledge Optionee acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the Award Option is a one-time benefit and does not create any contractual or other right to receive future grants of awards or benefits in lieu of awards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall will be granted, the number of shares subject to each award, the award price, if any, and the time or times when each award shall will be settled, shall will be at the sole discretion of the Company; (d) your participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis the Option is an extraordinary item which is outside the scope of your terms of employment or your Optionee's employment contract, if any, unless expressly provided for in any such employment contract; (f) the Award Option is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments, and Optionee will have no entitlement to compensation or damages as a consequence of the forfeiture of any unvested portion of the Option as a result of Optionee’s termination of employment for any reason; (g) the future value of the Common Stock subject to the Award Option is unknown and cannot be predicted with certainty, ; (h) neither the Plan, the Award Option nor the issuance of the Shares shares underlying the Option confers upon you Optionee any right to continue in the employ or service of (or any other relationship with) the Company or any Subsidiary, nor do they limit in any respect the right of the Company or any Subsidiary to terminate your Optionee’s employment or other relationship with the Company or any Subsidiary, as the case may be, at any timetime with or without Cause; and (i) the grant of the Option will not be interpreted to form an employment relationship with the Company or any Subsidiary.

Appears in 1 contract

Samples: Stock Option Agreement (Building Materials Holding Corp)

Limitation on Rights; No Right to Future Grants; Extraordinary Item. By entering into this Agreement and accepting the Award, you acknowledge the Participant acknowledges that: (a) the Plan is discretionary and may be modified, suspended or terminated by the Company at any time as provided in the Plan; (b) the grant of the this Award is a discretionary one-time benefit and does not create any contractual or other right to receive future grants of awards Awards or benefits in lieu of awardsAwards; (c) all determinations with respect to any such future grants, including, but not limited to, the times when awards shall Awards will be granted, the number of shares subject to each award, the award Award price, if any, and the time or times when each award shall Award will be settled, shall will be at the sole discretion of the Company; (d) your the Participant’s participation in the Plan is voluntary; (e) the value of this Award on an ongoing basis is an extraordinary item which is outside the scope of your terms of employment or your the Participant’s employment contract, if any; (f) the this Award is not part of normal or expected compensation for any purpose, including without limitation for calculating any benefits, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, welfare, insurance, pension or retirement benefits or similar payments; (g) the future value of the Common Stock Shares subject to the this Award is unknown and cannot be predicted with certainty, ; (h) neither the Plan, the this Award nor the issuance of the Shares confers will (1) confer upon you the Participant any right to continue in the employ of (or any other relationship with) the Company or any Subsidiarysubsidiary of the Company, nor do they (2) if the Participant is an “at-will” employee, alter in any way the Participant’s “at will” employment, or (3) limit in any respect the right of the Company or any Subsidiary subsidiary to terminate your employment the Participant’s Employment or other relationship with the Company or any Subsidiarysubsidiary, as the case may be, at any time, and (i) in the event that the Participant is not a direct employee of the Company, the grant of this Award will not be interpreted to form an employment relationship with the Company; and furthermore, the grant of this Award will not be interpreted to form an employment contract with the Participant’s employer, the Company or any subsidiary.

Appears in 1 contract

Samples: Green Mountain Coffee Roasters (Green Mountain Coffee Roasters Inc)

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