Common use of No Obligation of Employment Clause in Contracts

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Peabody Energy Corp), Performance Unit Agreement (Peabody Energy Corp), Restricted Stock Unit Agreement (Peabody Energy Corp)

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No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 6 contracts

Samples: Performance Units Agreement (Peabody Energy Corp), Performance Units Agreement (Peabody Energy Corp), Restricted Stock Agreement (Peabody Energy Corp)

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company Company, or any Subsidiary or Affiliate affiliate, or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliatesaffiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 4 contracts

Samples: Restrictive Covenant Agreement (Peabody Energy Corp), Service Based Cash Award Agreement (Peabody Energy Corp), Service Based Cash Award Agreement (Peabody Energy Corp)

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Peabody Energy Corp), Restricted Stock Agreement (Peabody Energy Corp), Restricted Stock Agreement (Peabody Energy Corp)

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 3 contracts

Samples: Grant Agreement (Peabody Energy Corp), Grant Agreement (Peabody Energy Corp), Grant Agreement (Peabody Energy Corp)

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No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 1 contract

Samples: Settled Performance Units Agreement (Peabody Energy Corp)

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company Company, or any Subsidiary or Affiliate Affiliate, or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause. Notwithstanding the foregoing, the terms of the Employment Agreement and the Transition Agreement remain in effect.

Appears in 1 contract

Samples: 2013 Restricted Stock Unit Agreement (Peabody Energy Corp)

No Obligation of Employment. Nothing in this Agreement or in the Plan shall confer upon the Grantee any right to continue in the employ of the Company or any Subsidiary or Affiliate affiliate or interfere with or restrict in any way the rights of the Company and its Subsidiaries or Affiliatesaffiliates, which rights are hereby expressly reserved, to terminate the employment of the Grantee at any time for any reason whatsoever, with or without Cause.

Appears in 1 contract

Samples: Performance Share Units Agreement (Peabody Energy Corp)

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