AutoNation 2000 Annual Report Download - page 158

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VI. GENERAL PROVISION
A. Nonassignability. A Participant shall have no right to assign or
transfer any interest under this Plan.
B. No Effect on Employment. The establishment and subsequent operation
of the Plan, including eligibility as a Participant, shall not be construed as
conferring any legal or other rights upon any Participant for the continuation
of his or her employment for any Plan Year or any other period. Generally,
employment with the Company is on an at will basis only. Except as may be
provided in an employment contract with the Participant, the Company expressly
reserves the right, which may be exercised at any time and without regard to
when during a Plan Year such exercise occurs, to terminate any individual's
employment without cause, and to treat him or her without regard to the effect
which such treatment might have upon him or her as a Participant.
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C. No Individual Liability. No member of the Committee or the Board, or
any officer of the Company, shall be liable for any determination, decision or
action made in good faith with respect to the Plan or any award under the Plan.
D. Severability; Governing Law. If any provision of the Plan is found
to be invalid or unenforceable, such provision shall not affect the other
provisions of the Plan, and the Plan shall be construed in all respects as if
such invalid provision has been omitted. The provisions of the Plan shall be
governed by and construed in accordance with the laws of the Sate of California,
with the exception of California's conflict of laws provisions.
E. Affiliates of the Company. Requirements referring to employment with
the Company or payment of awards may, in the Committee's discretion, be
performed through the Company or any affiliate of the Company.
VII. AMENDMENT AND TERMINATION
A. Amendment and Termination. The Board may amend or terminate the Plan
at any time and for any reason; provided, however, that if and to the extent
required to ensure the Plan's qualification under Code Section 162(m), any such
amendment shall be subject to shareholder approval.
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