Common use of Effect on Employment and Service Clause in Contracts

Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment or service of any individual at any time with or without assigning a reason therefor.

Appears in 3 contracts

Samples: Incentive Plan (Village Bank & Trust Financial Corp.), Village Bank & Trust Financial Corp., Village Bank & Trust Financial Corp.

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Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) ), shall confer upon any individual any right to continue in the employ or service of the Company Corporation or a Subsidiary or in any way affect any right and or power of the Company Corporation or a Subsidiary to terminate the employment or service of any individual at any time with or without assigning a reason therefortherefore.

Appears in 2 contracts

Samples: Middleburg Financial Corp, Middleburg Financial Corp

Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment or service of any individual at any time with or without assigning a reason therefor.

Appears in 2 contracts

Samples: 1999 Stock Option Plan (Cardinal Financial Corp), Net2000 Communications Inc

Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) ), shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary Related Entity or in any way affect any right and or power of the Company or a Subsidiary Related Entity to terminate the employment or service of any individual at any time with or without assigning a reason therefortherefore.

Appears in 1 contract

Samples: Newmarket Corp

Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) ), shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary or in any way affect any right and or power of the Company or a Subsidiary to terminate the employment or service of any individual at any time with or without assigning a reason therefortherefore.

Appears in 1 contract

Samples: Eastern Virginia Bankshares Inc

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Effect on Employment and Service. Neither the adoption of this -------------------------------- Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment or service of any individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Cardinal Financial Corp

Effect on Employment and Service. Neither the adoption of this Plan, -------------------------------- its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any individual any right to continue in the employ or service of the Company or a Subsidiary an Employer or in any way affect any right and power of the Company or a Subsidiary an Employer to terminate the employment or service of any individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Prentiss Properties Trust/Md

Effect on Employment and Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) ), shall confer upon any individual or entity any right to continue in the employ or service of the Company or a Subsidiary an Affiliate of the Company or in any way affect any right and power of the Company or a Subsidiary an Affiliate of the Company to terminate the employment or service of any individual or entity at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Management Agreement (Bluerock Residential Growth REIT, Inc.)

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