Common use of No Restriction of Corporate Action Clause in Contracts

No Restriction of Corporate Action. Nothing contained in the Plan shall be construed to prevent the Corporation or Subsidiary of the Corporation from taking any corporate action which is deemed by the Corporation or Subsidiary of the Corporation to be appropriate or in its best interest, whether or not such action would have an adverse effect on the Plan or any Option granted under the Plan. No employee, beneficiary or other person shall have any claim against the Corporation or Subsidiary of the Corporation as a result of such action.

No Restriction of Corporate Action. Nothing contained in the Plan shall be construed to prevent the Corporation Company or Subsidiary of the Corporation any subsidiary thereof from taking any corporate action which is deemed by (including any corporate action to suspend, terminate, amend or modify the Corporation or Subsidiary of the Corporation to be appropriate or in its best interestPlan), whether or not such action would have an adverse effect on the Plan or any Option granted payments to be made under the Plan. No employee, beneficiary Outside Director or other person shall have any claim against the Corporation Company or Subsidiary of the Corporation any subsidiary thereof as a result of such action.

No Restriction of Corporate Action. Nothing contained in the Plan shall be construed to prevent the Corporation or any Parent or Subsidiary of the Corporation from taking any corporate action which is deemed by the Corporation or such Parent or Subsidiary of the Corporation to be appropriate or in its best interest, whether or not such action would have an adverse effect on the Plan or any Option granted Award issued under the Plan. No employee, beneficiary or other person shall have any claim against the Corporation or any Parent or Subsidiary of the Corporation as a result of such action.