Common use of Limited Interest Clause in Contracts

Limited Interest. a. The grant of the Option shall not be construed as giving the Participant any interest other than as provided in this Agreement. b. The Participant shall have no rights as a shareholder as a result of the grant of the Option, until the Option is exercised, the exercise price and applicable taxes are paid, and the Option Shares issued hereunder. c. The grant of the Option shall not confer on the Participant any right to continue as an employee or continue in service of the Company, nor interfere in any way with the right of the Company to terminate the Participant at any time. d. The grant of the Option shall not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the stock or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise. e. The Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of stock options or benefits in lieu of stock options in the future. Future grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number of options, vesting provisions, and the exercise price.

Limited Interest. a. The grant of the Option shall not be construed as giving the Participant any interest other than as provided in this Agreement. b. The Participant shall have no rights as a shareholder as a result of the grant of the Option, until the Option is exercised, the exercise price and applicable taxes are paid, and the Option Shares issued hereunder. c. The grant of the Option shall not confer on the Participant any right to continue as an employee or continue in service of the Company, nor interfere in any way with the right of the Company to terminate the Participant at any time. d. The grant of the Option shall not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s 's capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the stock or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise. e. The Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of stock options or benefits in lieu of stock options in the future. Future grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number of options, vesting provisions, and the exercise price.

Limited Interest. a. (a) The grant of the Option shall Restricted Stock Units will not be construed as giving the Participant any interest other than as provided in this Agreement. b. . The Participant shall will have no rights as a shareholder as a result of the grant or vesting of the Option, Restricted Stock Units unless and until the Option is exercised, the exercise price and applicable taxes shares of Stock are paid, and the Option Shares issued hereunderin settlement of vested Restricted Stock Units. c. (b) The grant of the Option shall Restricted Stock Units will not confer on the Participant any right to continue as an employee a director or continue in service chairman of the Company, nor interfere in any way with the right of the Company to terminate the Participant at any time. d. (c) The grant of the Option shall Restricted Stock Units will not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument instru-ment ahead of or affecting the stock or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise. e. (d) The Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option Restricted Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of stock options Restricted Stock Units or benefits in lieu of stock options Restricted Stock Units in the future. Future grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number of options, vesting provisionsshares or units to be granted, and the exercise pricerestrictions placed on such shares or units.

Limited Interest. a. (a) The grant of the Option shall Restricted Stock Units will not be construed as giving the Participant any interest other than as provided in this Agreement. b. . The Participant shall will have no rights as a shareholder as a result of the grant or vesting of the Option, Restricted Stock Units unless and until the Option is exercised, the exercise price and applicable taxes shares of Stock are paid, and the Option Shares issued hereunderin settlement of vested Restricted Stock Units. c. (b) The grant of the Option shall Restricted Stock Units will not confer on the Participant any right to continue as an employee a director or continue in service chairman of the Company, nor interfere in any way with the right of the Company to terminate the Participant at any time. d. (c) The grant of the Option shall Restricted Stock Units will not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company’s capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the stock or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise. e. (d) The Participant acknowledges and agrees that the Plan is discretionary in nature and limited in duration, and may be amended, cancelled, or terminated by the Company, in its sole discretion, at any time. The grant of the Option Restricted Stock Units under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of stock options Restricted Stock Units or benefits in lieu of stock options Restricted Stock Units in the future. Future grants, if any, will be at the sole discretion of the Committee, including, but not limited to, the timing of any grant, the number of options, vesting provisionsshares or units to be granted, and the exercise pricerestrictions placed on such shares or units.