Effect on Service. Nothing contained in this Agreement shall confer upon Recipient the right to continue in the service of the Company or any Affiliate, or affect any right which the Company or any Affiliate may have to terminate the service of Recipient. This Agreement does not constitute evidence of any agreement or understanding, express or implied, that the Company or any Affiliate will retain Recipient as a Non-Employee Director for any period of time or at any particular rate of remuneration.
Appears in 2 contracts
Sources: Stock Award Agreement (Encore Wire Corp), Stock Award Agreement (Encore Wire Corp)