Common use of No Claim to Awards; No Rights to Continued Employment; Waiver Clause in Contracts

No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Group, or other Person, shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Service Recipient or any other member of the Company Group, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient or any other member of the Company Group may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreement, except to the extent of any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and the Participant, whether any such agreement is executed before, on, or after the Date of Grant.

Appears in 5 contracts

Samples: Performance Based Restricted Stock Unit Award Agreement (Blade Air Mobility, Inc.), Merger Agreement (Experience Investment Corp.), Transaction Agreement (Replay Acquisition Corp.)

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No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Groupor an Affiliate, or other Personperson, shall have any claim or right to be granted an Award under the this Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the this Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Service Recipient Company or any other member of the Company Groupan Affiliate, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient Company or any other member of the Company Group its Affiliates may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the this Plan, unless otherwise expressly provided in the this Plan or any Award Agreementagreement. By accepting an Award under the this Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the this Plan or any Award Agreementagreement, except to the extent of notwithstanding any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and its Affiliates and the Participant, whether any such agreement is executed before, on, on or after the Date of Grant.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Paperweight Development Corp), Equity Purchase Agreement (Hicks Acquisition CO II, Inc.)

No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Group, or other Person, shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the Plan nor any action taken hereunder (including any Award) shall be construed as giving any Participant any right to be retained in the employ or service of the Service Recipient or any other member of the Company Group, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient or any other member of the Company Group may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreement, except to the extent of any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and the Participant, whether any such agreement is executed before, on, or after the Date of Grant.

Appears in 1 contract

Samples: Merger Agreement (Quantum FinTech Acquisition Corp)

No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Groupor an Affiliate, or other Personperson, shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Service Recipient Company or any other member of the Company Groupan Affiliate, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient Company or any other member of the Company Group its Affiliates may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreementagreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreementagreement, except to the extent of notwithstanding any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and its Affiliates and the Participant, whether any such agreement is executed before, on, on or after the Date of Grant.

Appears in 1 contract

Samples: Merger Agreement (Arogo Capital Acquisition Corp.)

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No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company Groupor an Affiliate, or other Personperson, shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service of the Service Recipient Company or any other member of the Company Groupan Affiliate, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient Company or any other member of the Company Group its Affiliates may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreement, except to the extent of notwithstanding any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and its Affiliates and the Participant, whether any such agreement is executed before, on, on or after the Date of Grant.

Appears in 1 contract

Samples: Merger Agreement (Data Knights Acquisition Corp.)

No Claim to Awards; No Rights to Continued Employment; Waiver. No employee of any member of the Company GroupCompany, Subsidiary, or an Affiliate, or other Personperson, shall have any claim or right to be granted an Award under the Plan or, having been selected for the grant of an Award, to be selected for a grant of any other Award. There is no obligation for uniformity of treatment of Participants or holders or beneficiaries of Awards. The terms and conditions of Awards and the Committee’s determinations and interpretations with respect thereto need not be the same with respect to each Participant and may be made selectively among Participants, whether or not such Participants are similarly situated. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be retained in the employ or service Service of the Service Recipient Company, a Subsidiary, or any other member of the Company Groupan Affiliate, nor shall it be construed as giving any Participant any rights to continued service on the Board. The Service Recipient Company or any other member of the Company Group its Subsidiaries or Affiliates may at any time dismiss a Participant from employment or discontinue any consulting relationship, free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan or any Award Agreement. By accepting an Award under the Plan, a Participant shall thereby be deemed to have waived any claim to continued exercise or vesting of an Award or to damages or severance entitlement related to non-continuation of the Award beyond the period provided under the Plan or any Award Agreement, except to the extent of notwithstanding any provision to the contrary in any written employment contract or other agreement between the Service Recipient and/or any member of the Company Group and its Affiliates and the Participant, whether any such agreement is executed before, on, on or after the Date of Grant.

Appears in 1 contract

Samples: Business Combination Agreement (PHP Ventures Acquisition Corp.)

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