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 a 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 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)

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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 a 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 (bii) limit the right or power of the Company or a Subsidiary or an Affiliate 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 Plan shall be construed to: (ai) limit, impair, or otherwise affect the Company’s or a Subsidiarysubsidiary’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 a Subsidiary subsidiary or an Affiliate to take any action which such entity deems to be necessary or appropriate.

Appears in 1 contract

Samples: Unitrin Inc

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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 a 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 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.)

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