Common use of No Restrictions on Certain Actions Clause in Contracts

No Restrictions on Certain Actions. The existence of the Award shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issuance of bonds, debentures, preferred, or prior preference shares ahead of or affecting the Shares or the rights thereof, or dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

Appears in 6 contracts

Samples: Share and Incentive Plan (Johnson Controls International PLC), Share and Incentive Plan (Johnson Controls International PLC), Share and Incentive Plan (Johnson Controls International PLC)

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