Common use of Continuance of Employment Clause in Contracts

Continuance of Employment. The granting of the Option is in consideration of the Optionee’s continuing employment by the Company or any subsidiary; provided, however, nothing in this Agreement shall confer upon the Optionee the right to continue in the employ of the Company or any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s employment at any time in the sole discretion of the Company or any subsidiary, with or without cause.

Appears in 7 contracts

Samples: Stock Option Agreement (Savient Pharmaceuticals Inc), Nonqualified Stock Option Agreement (Kv Pharmaceutical Co /De/), Incentive Stock Option Agreement (Kv Pharmaceutical Co /De/)

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Continuance of Employment. The granting of the Option is in consideration of the Optionee’s 's continuing employment by the Company or any subsidiary; provided, however, nothing in this Agreement shall confer upon the Optionee the right to continue in the employ of the Company or any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s 's employment at any time in the sole discretion of the Company or any subsidiary, with or without cause.

Appears in 1 contract

Samples: Stock Option Agreement (Shells Seafood Restaurants Inc)

Continuance of Employment. The granting of the Option is in consideration of the Optionee’s 's continuing employment by the Company or any subsidiary; provided, however, nothing in this Agreement shall confer upon the Optionee the right to continue in the employ of the Company or any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s 's employment at any time in the sole discretion of the Company Company’s or any subsidiary, with or without cause.. ​

Appears in 1 contract

Samples: Employee Stock Option Agreement (Napco Security Technologies, Inc)

Continuance of Employment. The granting of the Option is in consideration of the Optionee’s 's continuing employment by the Company or any subsidiary; provided, however, nothing in this Agreement shall confer upon the Optionee the right to continue in the employ of the Company or any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s 's employment at any time in the sole discretion of the Company Company's or any subsidiary, with or without cause.

Appears in 1 contract

Samples: Employee Stock Option Agreement (Napco Security Technologies, Inc)

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Continuance of Employment. The granting of the Option is in consideration of the Optionee’s 's continuing employment or engagement by the Company or any subsidiary; Company, provided, however, nothing in this Agreement shall confer upon the Optionee the right to continue in the employ service of the Company or any subsidiary or affect the right of the Company or any subsidiary to terminate the Optionee’s employment 's service at any time in the sole discretion of the Company or any subsidiaryCompany, with or without cause.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

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