NATURE OF PERFORMANCE RIGHTS Clause Samples

NATURE OF PERFORMANCE RIGHTS. (a) Subject to the terms of the Plan, each Performance Right is a right to be issued with or transferred a single Share, free of encumbrances. (b) Except as expressly provided for in this Plan, nothing in this Plan: (i) confers on any Eligible Participant the right to receive any Performance Rights; (ii) confers on any Eligible Participant the right to continue as an employee of a Group Company; (iii) affects any rights which a Group Company may have to terminate the employment of any Eligible Participant; (iv) may be used to increase damages in any action brought against a Group Company; (v) confers on an employee any expectation to become a Participant; or (vi) gives an Eligible Participant a legal or beneficial interest in any Share by virtue of acquiring or holding a Performance Right. An Eligible Participant’s rights under a Performance Right are purely contractual and personal. (c) Notwithstanding the terms of this Plan or the terms of any particular Performance Right as granted, no Performance Right may be offered, granted or exercised if to do so would contravene the Corporations Act or the Listing Rules.
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Related to NATURE OF PERFORMANCE RIGHTS

  • Limitations of Performance The Custodian shall not be responsible under this Agreement for any failure to perform its duties, and shall not be liable hereunder for any loss or damage in association with such failure to perform, for or in consequence of the following causes:

  • Excuse of Performance Seller shall not be liable for delays in performance or for non-performance due to failure or interruption of computer or telecommunication systems, acts of God, war, riot, fire, terrorism, labor trouble, unavailability of materials or components, explosion, accident, compliance with governmental requests, laws, regulations, orders or actions, or other unforeseen circumstances or causes beyond Seller's reasonable control. In the event of such delay, the time for performance or delivery shall be extended by a period of time reasonably necessary to overcome the effect of the delay.

  • Review of Performance The Board of Directors shall periodically review and evaluate the performance of Employee under this Employment Agreement with Employee.

  • Time of Performance Time for performance of the Scope of Services under this Agreement shall begin with receipt of the Notice to Proceed and end no later than December 31, 2026. Consultant shall complete the tasks described in the Scope of Services, within this time or within such additional time as may be extended by the County.

  • Manner of Performance Subject to the provisions of Article XII hereof, the Contractor shall perform all of the Work described in the Statement of Work, or cause such Work to be performed in an efficient and expeditious manner and in accordance with all of the terms and provisions of this Agreement. The Contractor shall perform the Work in accordance with the current professional standards and with the diligence and skill expected for the performance of work of the type described in the Statement of Work. The Contractor shall furnish such personnel and shall procure such materials, machinery, supplies, tools, equipment and other items as may reasonably be necessary or appropriate to perform the Work in accordance with this Agreement.