Discretionary Nature of Plan Clause Example from Business Contracts

This example Discretionary Nature of Plan clause appears in 4 contracts from 1 company

Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The Unit Grant does not create any contractual right or other right to receive any Common Units or other Awards in the future. Future awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Grantee's employment with the Company.
Found in CENTRAL ENERGY PARTNERS LP contract
CENTRAL ENERGY PARTNERS LP Contracts

RIO VISTA ENERGY PARTNERS L.P. 2005 EQUITY INCENTIVE PLAN COMMON UNIT GRANT AGREEMENT FOR DIRECTORS (Filed With SEC on March 31, 2015)

CENTRAL ENERGY PARTNERS LP 2014 LONG-TERM INCENTIVE PLAN COMMON UNIT GRANT AGREEMENT FOR DIRECTORS (Filed With SEC on March 31, 2015)

[FORM] RIO VISTA ENERGY PARTNERS L.P. 2005 EQUITY INCENTIVE PLAN COMMON UNIT GRANT AGREEMENT FOR DIRECTORS (Filed With SEC on May 21, 2014)

[FORM] CENTRAL ENERGY PARTNERS LP 2014 LONG-TERM INCENTIVE PLAN COMMON UNIT GRANT AGREEMENT FOR DIRECTORS (Filed With SEC on May 21, 2014)