Common use of No Employment or Service Contract Clause in Contracts

No Employment or Service Contract. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue such Participant’s relationship with the Company or a Subsidiary or Affiliate thereof, nor shall it give any Participant the right to be retained in the employ of the Company or a Subsidiary or Affiliate or interfere with or otherwise restrict in any way the rights of the Company or a Subsidiary or Affiliate, which rights are hereby expressly reserved, to terminate any Participant’s employment or relationship at any time for any reason.

Appears in 18 contracts

Samples: Stock Option Award Agreement (Horizon Lines, Inc.), Stock Option Award Agreement (Horizon Lines, Inc.), Stock Option Award Agreement (Horizon Lines, Inc.)

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No Employment or Service Contract. Nothing in this Agreement or in the Plan shall confer upon the Participant any right to continue such Participant’s 's relationship with the Company or a Subsidiary subsidiary or Affiliate thereof, nor shall it give any Participant the right to be retained in the employ of the Company or a Subsidiary subsidiary or Affiliate or interfere with or otherwise restrict in any way the rights of the Company or a Subsidiary subsidiary or Affiliate, which rights are hereby expressly reserved, to terminate any Participant’s 's employment or relationship at any time for any reason, except as may be set forth in an employment or other agreement between the Participant and the Company or a subsidiary or Affiliate of the Company.

Appears in 5 contracts

Samples: Stock Option Agreement (Whitehall Jewelers Holdings, Inc.), Stock Option Agreement (BTHC VII Inc), Stock Option Agreement (BTHC VII Inc)

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No Employment or Service Contract. Nothing in this Award Agreement or in the Plan shall confer upon the Participant any right to continue such Participant’s relationship with the Company or a Subsidiary (as defined below) or Affiliate thereof, nor shall it give any Participant the right to be retained in the employ of the Company or a Subsidiary or Affiliate or interfere with or otherwise restrict in any way the rights of the Company or a Subsidiary or Affiliate, which rights are hereby expressly reserved, to terminate any Participant’s employment or relationship at any time for any reason, except as may be set forth in an employment or other agreement between the Participant and the Company or a Subsidiary or Affiliate of the Company.

Appears in 3 contracts

Samples: Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.), Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.), Equity Incentive Plan Award Agreement (Rafaella Apparel Group,inc.)

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