Common use of No Corporate Action Restriction Clause in Contracts

No Corporate Action Restriction. The existence of the Option and this Option Agreement shall not limit, affect or restrict in any way the right or power of the Board or the shareholders of the Corporation to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s or any Subsidiary’s capital structure or its business, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation or any subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead of or affecting the Corporation’s or any Subsidiary’s capital stock or the rights thereof, (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any sale or transfer of all or any part of the Corporation or any Subsidiary’s assets or business, or (f) any other corporate act or proceeding by the Corporation or any Subsidiary. Neither the Participant nor any other person shall have any claim under the Option or this Option Agreement against any member of the Board, or the Corporation or any employees, officers or agents of the Corporation or any Subsidiary, as a result of any such action.

No Corporate Action Restriction. The existence of this Plan, the Option Agreements and this Option Agreement the Options granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or the shareholders members of the Corporation Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s or any Subsidiary’s capital structure or its businessbusiness of the Company or any Affiliate, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation Company or any subsidiaryAffiliate, (c) any issue of bonds, debentures, capital, preferred or prior preference stock securities ahead of or affecting the Corporation’s or any Subsidiary’s capital stock equity securities (or the rights thereof) of the Company or any Affiliate, (d) any dissolution or liquidation of the Corporation Company or any SubsidiaryAffiliate, (e) any sale or transfer of all or any part of the Corporation assets or business or securities of Company or any Subsidiary’s assets or businessAffiliate, or (f) any other corporate act or proceeding by the Corporation Company or any SubsidiaryAffiliate. Neither the Participant nor No Participant, Beneficiary or any other person shall have any claim under the any Option or this Option Agreement against any member of the BoardBoard or the Committee, or the Corporation Company or any employees, officers or agents of the Corporation Company or any SubsidiaryAffiliate, as a result of any such action.

No Corporate Action Restriction. The existence of the Option and this Option Agreement shall not limit, affect or restrict in any way the right or power of the Board or the shareholders stockholders of the Corporation Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the CorporationCompany’s or any Subsidiary’s capital structure or its business, ; (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation Company or any subsidiary, Subsidiary; (c) any issue of bonds, debentures, capital, preferred or prior preference stock shares ahead of or affecting the CorporationCompany’s or any Subsidiary’s capital stock shares or the rights thereof, ; (d) any dissolution or liquidation of the Corporation Company or any Subsidiary, ; (e) any sale or transfer of all or any part of the Corporation Company’s or any Subsidiary’s assets or business, ; or (f) any other corporate trust act or proceeding by the Corporation Company or any Subsidiary. Neither the Participant nor any other person shall have any claim under the Option or this Option Agreement against any member of the Board, or the Corporation Committee, the Company or any employeesSubsidiary, officers or any stockholders or agents of the Corporation Company or any Subsidiary, as a result of any such action.

No Corporate Action Restriction. The existence of this Plan, the Option award agreements and this Option Agreement the awards granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or the shareholders of the Corporation to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s capital structure or business of the Corporation or any Subsidiary’s capital structure or its business, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation or any subsidiarySubsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock ahead of or affecting the Corporation’s or any Subsidiary’s capital stock (or the rights thereof) of the Corporation or any Subsidiary, (d) any dissolution or liquidation of the Corporation or any Subsidiary, (e) any sale or transfer of all or any part of the assets or business of the Corporation or any Subsidiary’s assets or business, or (f) any other corporate act or proceeding by the Corporation or any Subsidiary. Neither the Participant nor No participant, beneficiary or any other person shall have any claim under the Option any award or this Option Agreement award agreement against any member of the BoardBoard or the Administrator, or the Corporation or any employees, officers or agents of the Corporation or any Subsidiarysubsidiary, as a result of any such action.

No Corporate Action Restriction. The existence of this Plan, the Option Agreements and this Option Agreement the Options granted hereunder shall not limit, affect or restrict in any way the right or power of the Board or the shareholders members of the Corporation Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s or any Subsidiary’s capital structure or its businessbusiness of the Company or any Affiliate, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation Company or any subsidiaryAffiliate, (c) any issue of bonds, debentures, capital, preferred or prior preference stock securities ahead of or affecting the Corporation’s or any Subsidiary’s capital stock equity securities (or the rights thereof) of the Company or any Affiliate, (d) any dissolution or liquidation of the Corporation Company or any SubsidiaryAffiliate, (e) any sale or transfer of all or any part of the Corporation assets or business or securities of the Company or any Subsidiary’s assets or businessAffiliate, or (f) any other corporate act or proceeding by the Corporation Company or any SubsidiaryAffiliate. Neither the Participant nor No Participant, Beneficiary or any other person shall have any claim under the any Option or this Option Agreement against any member of the BoardBoard or the Committee, or the Corporation Company or any employees, officers or agents of the Corporation Company or any SubsidiaryAffiliate, as a result of any such action.

No Corporate Action Restriction. The existence of the this Stock Option and this Option Agreement shall not limit, affect or restrict in any way the right or power of the Board of Directors of the Company (the "Board") or the shareholders stockholders of the Corporation Company to make or authorize: authorize (a) any adjustment, recapitalization, reorganization or other change in the Corporation’s Company's or any Subsidiary’s subsidiary's capital structure or its business, (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation Company or any subsidiary, (c) any issue of bonds, debentures, capital, preferred or prior preference stock stocks ahead of or affecting the Corporation’s Company's or any Subsidiary’s subsidiary's capital stock or the rights thereof, (d) any dissolution or liquidation of the Corporation Company or any Subsidiarysubsidiary, (e) any sale or transfer of all or any part of the Corporation Company's or any Subsidiary’s subsidiary's assets or business, or (f) any other corporate act or proceeding by the Corporation Company or any Subsidiary. Neither the Participant nor any other person The Optionee shall not have any claim under the Option or this Option Agreement against any member of the Board, the Company or the Corporation any subsidiary, or any employees, officers officers, stockholders or agents of the Corporation Company or any Subsidiary, subsidiary as a result of any such action.

No Corporate Action Restriction. The existence of the Option and this Option Agreement shall not limit, affect or restrict in any way the right or power of the Board or the shareholders stockholders of the Corporation Company to make or authorize: (a) any adjustment, recapitalization, reorganization or other change in the CorporationCompany’s or any Subsidiary’s capital structure or its business, ; (b) any merger, amalgamation, consolidation or change in the ownership of the Corporation Company or any subsidiary, Subsidiary; (c) any issue of bonds, debentures, capital, preferred or prior preference stock shares ahead of or affecting the CorporationCompany’s or any Subsidiary’s capital stock shares or the rights thereof, ; (d) any dissolution or liquidation of the Corporation Company or any Subsidiary, ; (e) any sale or transfer of all or any part of the Corporation Company’s or any Subsidiary’s assets or business, ; or (f) any other corporate trust act or proceeding by the Corporation Company or any Subsidiary. Neither the Participant Optionee nor any other person shall have any claim under the Option or this Option Agreement against any member of the Board, or the Corporation Committee, the Company or any employeesSubsidiary, officers or any stockholders or agents of the Corporation Company or any Subsidiary, as a result of any such action.