10-and-5 Rights
Definition
Players who have accrued 10 years of Major League service time and spent the past five consecutive years with the same team are awarded 10-and-5 rights. Under these circumstances, a player can veto any trade scenario that is proposed.
Example
In February 2017, Reds second baseman Brandon Phillips waived his 10-and-5 rights to approve a trade to the Braves.