Common use of No Limitation on Rights of Corporation Clause in Contracts

No Limitation on Rights of Corporation. The grant of an Award pursuant to the Plan shall not affect in any way the right or power of the Corporation to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or to dissolve, liquidate, sell or transfer all or any part of its business or assets.

Appears in 4 contracts

Samples: 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Canargo Energy Corp), 1995 Long Term Incentive Plan (Fountain Oil Inc)

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No Limitation on Rights of Corporation. The grant of an Award pursuant to the Plan shall not affect in any way the right or power of the Corporation to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure, or to merge or consolidate, or to dissolve, liquidate, sell sell, or transfer all or any part of its business or assets.

Appears in 1 contract

Samples: Incentive Plan (Aphton Corp)

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