Common use of No Restriction on Corporate Action Clause in Contracts

No Restriction on Corporate Action. Nothing contained herein shall be construed to prevent the Company or any Affiliate from taking any action which is deemed by the Company or such Affiliate to be appropriate or in its best interest, whether or not such action would have an adverse effect on this Option. Neither Employee nor any other person shall have any claim against the Company or any Affiliate as a result of any such action.

Appears in 3 contracts

Samples: Agreement (Mariner Energy Resources, Inc.), Agreement (Mariner Energy Inc), Agreement (Mariner Energy Inc)

AutoNDA by SimpleDocs

No Restriction on Corporate Action. Nothing contained herein in this Agreement shall be construed to prevent the Company or any Affiliate from taking any corporate action which is deemed by the Company or such Affiliate to be appropriate or in its best interest, whether or not such action would have an adverse effect on this Option. Neither Employee nor any other person the Director and the Director shall not have any claim against the Company or any Affiliate as a result of any such action.

Appears in 2 contracts

Samples: Director Restricted Stock Agreement (Blackhawk Investors Ii L L C), Director Restricted Stock Agreement (Blackhawk Investors Ii L L C)

No Restriction on Corporate Action. Nothing contained herein shall be construed to prevent the Company or any Affiliate from taking any corporate action which that is deemed by the Company or such Affiliate to be appropriate or in its best interest, whether or not such action would have an adverse effect on this Optionthe Optionee. Neither Employee the Optionee nor any beneficiary of his or any other person shall have any claim against the Company or any Affiliate as a result of any such action.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Tetra Technologies Inc)

AutoNDA by SimpleDocs

No Restriction on Corporate Action. Nothing contained herein shall be construed to prevent the Company or any Affiliate from taking any action which is deemed by the Company or such Affiliate to be appropriate or in its best interest, whether or not such action would have an adverse effect on this Option. Neither Employee Optionee nor any other person shall have any claim against the Company or any Affiliate as a result of any such action.

Appears in 1 contract

Samples: Agreement (Apache Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.