No vesting Clause Samples
The "No vesting" clause establishes that no party will earn or accrue ownership rights or interests over time under the agreement. In practice, this means that benefits, shares, or entitlements typically subject to a vesting schedule—such as equity or intellectual property rights—will not gradually become the property of any party based on duration or milestones. This clause ensures that all rights remain with the original holder unless explicitly transferred, thereby preventing automatic or incremental ownership changes and reducing ambiguity about entitlement accrual.
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No vesting. This Appendix is intended only to describe the manner of payment of benefits to which the Executive may become entitled under other provisions of this Special Agreement. This Appendix is not intended to confer any additional right to benefits not derived from such other provisions.
No vesting. For the avoidance of doubt, any Stretch Value Options that do not vest or become exercisable upon the Wind Up Date shall expire as of such Wind Up Date.
No vesting. Developer agrees that no vested rights exist that would impact the City's consideration of its proposed development, and that no vested rights shall be claimed for the proposed development until and unless annexation and zoning are approved, if they are approved, and such further development approvals are given as would, under the law, create a claim regarding vested rights.
No vesting. Benefits are not vested nor guaranteed in any way. The Trustees reserve the right, in their sole and absolute discretion to amend, modify or terminate any or all of the provisions of the Plan. Benefits to current and future Retirees may be reduced or eliminated at any time.
No vesting. For the avoidance of doubt, any 3.0x Return Options that do not vest or become exercisable upon the Wind Up Date shall expire as of such Wind Up Date.
No vesting. The establishment of the Spinco Supplemental Benefit Plan shall not affect the vesting, accrual or payment of any benefits to any Spinco Participants and Quanex Participants under the Quanex Supplemental Benefit Plan or the Spinco Supplemental Benefit Plan, respectively.
No vesting. The establishment of the Spinco Supplemental Pension Plan shall not affect the vesting, accrual or payment of any benefits to any Spinco Participants and Quanex Participants under the Quanex Supplemental Salaried Employees’ Pension Plan or the Spinco Supplemental Salaried Employees’ Pension Plan.
No vesting. Consultant acknowledges that no options vested during his employment and that all eligibility for Stock Options has terminated. Consultant is entitled to no Stock Options.
No vesting. The Option may be exercised by ▇▇▇▇▇▇▇, in whole or in ---------- part, at any time or from time to time prior to the expiration of the Option as provided herein.
No vesting. An Employee’s Active Plan HRA account is solely a bookkeeping account and is not vested nor segregated or held in individual trust apart from Plan assets for the Employee or anyone else. Active Plan HRA benefits and accounts are not vested nor guaranteed in any way.