Common use of No Liability for Business Acts or Omissions Clause in Contracts

No Liability for Business Acts or Omissions. (a) The Participant recognizes and agrees that the Board or the officers, agents or employees of the Company, including the Custodian, their conduct of the business and affairs of the Company, may cause the Company to act, or to omit to act, in a manner that may, directly or indirectly, prevent the Restricted Shares from vesting under this Agreement. No provision of this Agreement shall be interpreted or construed to impose any liability upon the Company, the Board or any officer, agent or employee of the Company, including the Custodian for any forfeiture of Restricted Shares that may result, directly or indirectly, from any such action or omission.

Appears in 7 contracts

Samples: Restricted Share Agreement (KAMAN Corp), Restricted Share Agreement (KAMAN Corp), Restricted Share Agreement (KAMAN Corp)

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No Liability for Business Acts or Omissions. (a) The Participant recognizes and agrees that the Board or the officers, agents or employees of the CompanyCorporation, including the Custodian, in their conduct of the business and affairs of the CompanyCorporation, may cause the Company Corporation to act, or to omit to act, in a manner that may, directly or indirectly, prevent the Restricted Shares from vesting under this Agreement. No provision of this Agreement shall be interpreted or construed to impose any liability upon the CompanyCorporation, the Board or any officer, agent or employee of the CompanyCorporation, including the Custodian Custodian, for any forfeiture of Restricted Shares that may result, directly or indirectly, from any such action or omission.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Kaman Corp), Restricted Stock Agreement (Kaman Corp), Restricted Stock Agreement (Kaman Corp)

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No Liability for Business Acts or Omissions. (a) The Participant recognizes and agrees that the Board of Directors or the officers, agents or employees of the CompanyCorporation, including the Custodian, in their conduct of the business and affairs of the CompanyCorporation, may cause the Company Corporation to act, or to omit to act, in a manner that may, directly or indirectly, prevent the Restricted Shares from vesting under this Agreement. No provision of this Agreement shall be interpreted or construed to impose any liability upon the CompanyCorporation, the Board of Directors or any officer, agent or employee of the CompanyCorporation, including the Custodian Custodian, for any forfeiture of Restricted Shares that may result, directly or indirectly, from any such action or omission.

Appears in 2 contracts

Samples: 2006 Restricted Stock Agreement (Lydall Inc /De/), Restricted Stock Agreement (Lydall Inc /De/)

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