Common use of NON-EXCLUSIVITY OF THE PLAN Clause in Contracts

NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of the Plan by the Board nor the submission of the Plan to shareholders of the Company for approval (to the extent required under Applicable Law), shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive or other compensation arrangements of whatever nature as the Board may deem necessary or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company or any Subsidiary now has lawfully put into effect, including, without limitation, any retirement, pension, savings and stock purchase plan, insurance, death and disability benefits and executive short-term or long-term incentive plans.

Appears in 10 contracts

Samples: Share Incentive Plan (Compugen LTD), 2007 Share Incentive Plan (Lumenis LTD), 2012 Share Option and Incentive Plan (Jacada LTD)

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NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of the Plan by the Board nor the submission of the Plan to shareholders of the Company for approval (to the extent required under Applicable Law), ) shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive or other compensation arrangements of whatever nature as the Board may deem necessary or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company or any Subsidiary now has lawfully put into effect, including, without limitation, including any retirement, pension, savings and stock purchase plan, insurance, death and disability benefits and executive short-term or long-term incentive plans.

Appears in 4 contracts

Samples: 2012 Omnibus Equity Incentive Plan (Stratasys Ltd.), 2014 Equity Incentive Plan (MediWound Ltd.), 2014 Equity Incentive Plan (Mapi - Pharma LTD)

NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of the Plan by the Board Board, nor the submission of the Plan to shareholders of the Company for approval (to the extent required under Applicable Lawapplicable law), shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive incentive, or other compensation arrangements arrangements, of whatever nature nature, as the Board may deem necessary or desirable desirable, or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company Company, or any Subsidiary Affiliated Company, now has lawfully put into effect, including, without limitation, any retirement, pension, savings and stock share purchase plan, insurance, death and disability benefits and executive short-term or long-term incentive plans.

Appears in 1 contract

Samples: 2005 Israeli Share Option and Restricted Share Plan (Fundtech LTD)

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NON-EXCLUSIVITY OF THE PLAN. Neither the adoption of the Plan by the Board nor the submission of the Plan to shareholders stockholders of the Company for approval (to the extent required under Applicable Law), shall be construed as creating any limitations on the power or authority of the Board to adopt such other or additional incentive or other compensation arrangements of whatever nature as the Board may deem necessary or desirable or preclude or limit the continuation of any other plan, practice or arrangement for the payment of compensation or fringe benefits to employees generally, or to any class or group of employees, which the Company or any Subsidiary now has lawfully put into effect, including, without limitation, any retirement, pension, savings and stock purchase plan, insurance, death and disability benefits and executive short-term or long-term incentive plans.

Appears in 1 contract

Samples: Stock Incentive Plan (Salesforce Com Inc)

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