Common use of Consideration to Company Clause in Contracts

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company, a Parent Corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 3 contracts

Samples: Equity Participation Plan (Owens Illinois Inc /De/), Non Qualified Stock Option Agreement (Owens Illinois Inc /De/), Non Qualified Stock Option Agreement (Owens Illinois Inc /De/)

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Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company, a Parent Corporation Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the any Optionee any right to continue in the employ of, or as a consultant for, the Company or any Subsidiary, or as a director of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation Company and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Spectranetics Corp), Nonqualified Stock Option Agreement (Spectranetics Corp)

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee Employee agrees to render faithful and efficient services to the Company, a Parent Corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Option Plan shall confer upon the Optionee Employee any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary Subsidiary, or shall interfere with or restrict in any way the rights of the Company, any its Parent Corporation Corporations and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee Employee at any time for any reason whatsoever, with or without cause.

Appears in 2 contracts

Samples: Form of Employee Non Qualified Stock Option Agreement (Southwest Water Co), Employee Non Qualified Stock Option Agreement (Southwest Water Co)

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company, a Parent Corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 2 contracts

Samples: 2005 Incentive Award Plan (Owens Illinois Inc /De/), 2005 Incentive Award Plan (Owens Illinois Inc /De/)

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company, a Parent Corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any its Parent Corporation Corporations and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 1 contract

Samples: Form of Stock Option Agreement (Network Appliance Inc)

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Consideration to Company. In consideration of the granting of ------------------------ this Option by the Company, the Optionee agrees to render faithful and efficient services as an employee to the Company, a Parent Corporation parent corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, subsidiary corporation for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of as an employee to the Company, any Parent Corporation parent corporation or any Subsidiary subsidiary corporation, or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation its parent corporations and any Subsidiaryits Subsidiary Corporations, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 1 contract

Samples: Stock Option Plan Agreement (Chart House Enterprises Inc)

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee Employee agrees to render faithful and efficient services to the Company, a Parent Corporation or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee Employee any right to continue in the employ of the Company, any Parent Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Company, any Parent Corporation its parent Corporations and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to no discharge the Optionee Employee at any time for any reason whatsoever, with or without cause.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cherokee Inc)

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