Common use of No Constraint on Corporate Action Clause in Contracts

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which such entity deems to be necessary or appropriate.

Appears in 2 contracts

Samples: Business Combination Agreement (FTAC Athena Acquisition Corp.), Stock Option Agreement (Pernix Group, Inc.)

AutoNDA by SimpleDocs

No Constraint on Corporate Action. Nothing in this the Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Companyan Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 2 contracts

Samples: 2011 Omnibus Equity Plan (KEMPER Corp), 2011 Omnibus Equity Plan (KEMPER Corp)

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company to take any action which such entity deems to be necessary or appropriate.

Appears in 2 contracts

Samples: Stock Option Agreement (Pernix Group, Inc.), Stock Option Agreement (Pernix Group, Inc.)

No Constraint on Corporate Action. Nothing in this the Plan shall be construed to: to (a) limit, impair, or otherwise affect the Company’s or another Participating Companyany Subsidiary’s or Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, amalgamate, participate in a statutory share exchange or dissolve, liquidate, sell, or transfer all or any part of its business or assets; , or (b) limit the right or power of the Company or another Participating Company any Subsidiary or Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: 2017 Omnibus Incentive Plan (Darling Ingredients Inc.)

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (ai) limit, impair, or otherwise affect the Company’s or another Participating Companya subsidiary’s or an Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or or, (bii) limit the right or power of the Company or another Participating Company a subsidiary or an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: 2005 Restricted Stock and Restricted Stock Unit Plan (Unitrin Inc)

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Companyany of its Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company any of its Affiliates to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Welsbach Technology Metals Acquisition Corp.)

No Constraint on Corporate Action. Nothing in this Plan Governing Document shall be construed to: (ai) limit, impair, or otherwise affect the Company’s or another Participating Companya Subsidiary’s or an Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or or, (bii) limit the right or power of the Company or another Participating Company a Subsidiary or an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Purple Beverage Company, Inc.)

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Companyan Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: 2023 Omnibus Incentive Plan (Novusterra Inc)

AutoNDA by SimpleDocs

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (a) limit, impair, or otherwise affect the Company’s or another Participating Companya Subsidiary’s or an Affiliate’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; or (b) limit the right or power of the Company or another Participating Company a Subsidiary or an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Employment Agreement (NPS Pharmaceuticals Inc)

No Constraint on Corporate Action. Nothing in this Plan shall be construed to: (ai) to limit, impair, impair or otherwise affect the Company’s or another Participating Company’s 's right or power to make adjustments, reclassifications, reorganizations, reorganizations or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; assets or (bii) except as provided in Article IX, to limit the right or power of the Company or another Participating Company any of its Subsidiaries to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Plan of Reorganization (Metlife Inc)

No Constraint on Corporate Action. Nothing in this the Plan shall be construed to: to (ai) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; , or (bii) limit the right or power of the Company or another Participating Company its Affiliates to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Equity Incentive Plan (National Vision Holdings, Inc.)

No Constraint on Corporate Action. Nothing in this the Plan shall be construed to: to (ai) limit, impair, or otherwise affect the Company’s or another Participating Company’s right or power to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or dissolve, liquidate, sell, or transfer all or any part of its business or assets; , or (bii) limit the right or power of the Company or another Participating Company to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Employment Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!