Common use of Company’s Reservation of Rights Clause in Contracts

Company’s Reservation of Rights. The Employee acknowledges and understands that (i) the Employee is employed at will by either the Company or one of its Affiliates (the “Employer”), (ii) the Employee serves at the pleasure of the board of directors of the Employer, and (iii) the Employer has the right at any time to terminate the Employee’s status as an employee, or to change or diminish his status during the Employment Term, subject to the rights of the Employee to claim the benefits conferred by this Agreement. Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not entitle the Employee or his legal representatives to any severance or other benefits of any kind prior to a Change of Control or to any such benefits if Employee is not employed by the Company or one of its Affiliates on the date of a Change of Control, except in each case for those rights afforded under Section 3.9.

Appears in 4 contracts

Samples: Change of Control Agreement (Centurytel Inc), Change of Control Agreement (Centurylink, Inc), Change of Control Agreement (Centurytel Inc)

AutoNDA by SimpleDocs

Company’s Reservation of Rights. The Employee acknowledges and understands that (i) the Employee is employed at will by either the Company or one of its Affiliates (the “Employer”), (ii) the Employee serves at the pleasure of the board of directors of the Employer, and (iii) the Employer has the right at any time to terminate the Employee’s status as an employee, or to change or diminish his status during the Employment Term, subject to the rights of the Employee to claim the benefits conferred by this Agreement. Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not entitle the Employee or his legal representatives to any severance or other benefits of any kind prior to a Change of Control or to any such benefits if Employee is not employed by the Company or one of its Affiliates on the date of a Change of Control, except in each case for those rights afforded under Section 3.93.8.

Appears in 3 contracts

Samples: Change of Control Agreement (International Shipholding Corp), Change of Control Agreement (International Shipholding Corp), Change of Control Agreement (International Shipholding Corp)

Company’s Reservation of Rights. The Employee acknowledges and understands that (i) the Employee is employed at will by either the Company or one of its Affiliates (the "Employer"), (ii) the Employee serves at the pleasure of the board of directors of the Employer, and (iii) the Employer has the right at any time to terminate the Employee’s 's status as an employee, or to change or diminish his status during the Employment Term, subject to the rights of the Employee to claim the benefits conferred by this Agreement. Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not entitle the Employee or his legal representatives to any severance or other benefits of any kind prior to a Change of Control or to any such benefits if Employee is not employed by the Company or one of its Affiliates on the date of a Change of Control, except in each case for those rights afforded under Section 3.9.

Appears in 2 contracts

Samples: Change of Control Agreement (Centurytel Inc), Change of Control Agreement (Centurytel Inc)

Company’s Reservation of Rights. The Employee acknowledges and understands that (i1) the Employee is employed at will will” by either the Company or one of its Affiliates (the Employer”), (ii2) the Employee serves at the pleasure of the board of directors of the Employer, and (iii3) the Employer has the right at any time to terminate the Employee’s status as an employee, or to change or diminish his her status during the Employment Term, subject to the rights of the Employee to claim the benefits conferred by this Agreement. Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not entitle the Employee or his her legal representatives to any severance or other benefits of any kind prior to a Change of Control or to any such benefits if Employee is not employed by the Company or one of its Affiliates on the date of a Change of Control, except in each case for those rights afforded under Section 3.9.

Appears in 1 contract

Samples: Change of Control Agreement (Lumen Technologies, Inc.)

AutoNDA by SimpleDocs

Company’s Reservation of Rights. The Employee acknowledges and understands that (i1) the Employee is employed at will by either the Company or one of its Affiliates (the “Employer”), (ii1) the Employee serves at the pleasure of the board of directors of the Employer, and (iii1) the Employer has the right at any time to terminate the Employee’s status as an employee, or to change or diminish his status during the Employment Term, subject to the rights of the Employee to claim the benefits conferred by this Agreement. Notwithstanding any other provisions of this Agreement to the contrary, this Agreement shall not entitle the Employee or his legal representatives to any severance or other benefits of any kind prior to a Change of Control or to any such benefits if Employee is not employed by the Company or one of its Affiliates on the date of a Change of Control, except in each case for those rights afforded under Section 3.9.

Appears in 1 contract

Samples: Change of Control Agreement (Centurylink, Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.