Common use of Effect on Employment Clause in Contracts

Effect on Employment. Neither the grant of the Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 17 contracts

Samples: Stockholders Agreement (Sungard Data Systems Inc), Stockholders Agreement (Sungard Capital Corp Ii), Stockholders Agreement (Sungard Capital Corp Ii)

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Effect on Employment. Neither the grant of the Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 9 contracts

Samples: Restricted Stock Unit Agreement (Sungard Capital Corp Ii), Employment Agreement (GL Trade Overseas, Inc.), Stockholders Agreement (Sungard Data Systems Inc)

Effect on Employment. Neither the grant of the Restricted Stock Units, nor the issuance delivery of Shares or other payments in accordance with this AgreementStock upon vesting of any portion thereof, shall will give the Grantee any right to be retained in the employ or service of the Company, Lowerco Company or any of their its Affiliates, affect the right of the Company, Lowerco Company or any of their its Affiliates to discharge or discipline the such Grantee at any time, or affect any right of the such Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Trinseo S.A.), Restricted Stock Unit Agreement (Trinseo S.A.), Restricted Stock Unit Agreement (Trinseo S.A.)

Effect on Employment. Neither this Agreement nor the grant of the Restricted Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, hereunder shall give the Grantee any right to be retained in the employ of the Company, Lowerco Company or any of their its Affiliates, affect the right of the Company, Lowerco Company or any of their its Affiliates to discharge or discipline the such Grantee at any time, or affect any right of the such Grantee to terminate his or her Employment employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (iHeartMedia, Inc.), Employment Agreement (CC Media Holdings Inc), Restricted Stock Agreement (CC Media Holdings Inc)

Effect on Employment. Neither this Agreement nor the grant of the Stock Units, nor the issuance of Restricted Shares or other payments in accordance with this Agreement, hereunder shall give the Grantee any right to be retained in the employ of the Company, Lowerco Company or any of their its Affiliates, affect the right of the Company, Lowerco Company or any of their its Affiliates to discharge or discipline the such Grantee at any time, or affect any right of the such Grantee to terminate his or her Employment employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 2 contracts

Samples: Restricted Shares Agreement (CC Media Holdings Inc), Restricted Shares Agreement (CC Media Holdings Inc)

Effect on Employment. Neither this Agreement nor the grant of the Restricted Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, hereunder shall give the Grantee any right to be retained in the employ of the Company, Lowerco Company or any of their its Affiliates, affect the right of the Company, Lowerco Company or any of their its Affiliates to discharge or discipline the such Grantee at any time, or affect any right of the such Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (CC Media Holdings Inc), Restricted Stock Award Agreement (CC Media Holdings Inc)

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Effect on Employment. Neither the grant of the Stock Appreciation Units, nor the issuance of Shares or other payments made in accordance with this Agreement, shall give the Grantee any right to be retained in the employ of the Company, Lowerco Lowerco, or any of their Affiliates, affect the right of the Company, Lowerco Lowerco, or any of their Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her the Grantee’s Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 2 contracts

Samples: Agreement (Sungard Capital Corp Ii), Agreement (Sungard Capital Corp Ii)

Effect on Employment. Neither the grant of the Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.. 2010 Form US — X. Xxxxx

Appears in 1 contract

Samples: Agreement (Sungard Capital Corp Ii)

Effect on Employment. Neither the grant of the Stock Units, nor the issuance of Shares or other payments in accordance with this Agreement, shall give the Grantee any right to be retained in the employ of the Company, Lowerco or any of their Affiliates, affect the right of the Company, Lowerco or any of their Affiliates to discharge or discipline the Grantee at any time, or affect any right of the Grantee to terminate his or her Employment at any time, subject to applicable local law and the terms of any employment agreement.. May 2010 Form US — Tier II EO

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Sungard Capital Corp Ii)

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