Common use of No Enlargement of Rights Clause in Contracts

No Enlargement of Rights. Except as otherwise provided by law or legally enforceable contract, the establishment of the Plan or of any fund or any insurance contract thereunder, any amendment of the Plan, participation in the Plan, or the payment of any benefits under the Plan, shall not be construed as giving any person whomsoever any legal or equitable claims or rights against the Employer, or its officers, directors, or shareholders, as such, or as giving any person the right to be retained in the employment of the Employer.

Appears in 5 contracts

Samples: 401(k) Retirement Savings Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc), Retirement Plan (Lsi Industries Inc)

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No Enlargement of Rights. Except as otherwise provided by law or legally enforceable contract, the establishment of the Plan or of any fund or any insurance contract thereunder, any amendment of the Plan, participation in the Plan, or the payment of any benefits distribution under the Plan, shall not be construed as giving any person whomsoever any legal or equitable claims or rights against the Employer, any other person or its officers, directors, against any entity or shareholders, as suchorganization, or as giving any person the right to be retained in the employment of the Employer.

Appears in 1 contract

Samples: Adoption Agreement (Meridian Bioscience Inc)

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