Common use of Limitation on Rights of Participants Clause in Contracts

Limitation on Rights of Participants. Except as expressly provided in this Section 10, no Participant shall have any rights by reason of any reorganization, dissolution, change of control, merger or acquisition. Any issuance by the Corporation of Awards shall not affect, and no adjustment by reason thereof shall be made with respect to, any Awards previously issued under the Plan.

Appears in 4 contracts

Samples: 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Fountain Oil Inc)

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