Common use of No Right to Continued Service as a Director Clause in Contracts

No Right to Continued Service as a Director. Nothing contained in the Plan or this Agreement shall confer upon the Grantee any right with respect to continuance of service as a member of the Board of Directors of the Company nor limit in any way the right of the Company to terminate or modify the retention of the Grantee as a member of its Board of Directors at any time, with or without Cause. By accepting this SAR, the Grantee expressly acknowledges that there is no obligation on the part of any Participating Company to continue the Plan and/or grant any additional Awards to the Grantee.

No Right to Continued Service as a Director. Nothing contained in the Plan or this Agreement shall confer upon the Grantee any right with respect to continuance of service as a member of the Board of Directors of the Company nor limit in any way the right of the Company to terminate or modify the retention of the Grantee as a member of its Board of Directors at any time, with or without Cause. By accepting this SARRSU, the Grantee expressly acknowledges that there is no obligation on the part of any Participating Company to continue the Plan and/or grant any additional Awards to the Grantee.

No Right to Continued Service as a Director. Nothing contained in the Plan or this Agreement shall confer upon the Grantee any right with respect to continuance of service as a member of the Board of Directors of the Company nor limit in any way the right of the Company to terminate or modify the retention of the Grantee as a member of its Board of Directors at any time, with or without Cause. By accepting this SARthe Restricted Stcok, the Grantee expressly acknowledges that there is no obligation on the part of any Participating Company to continue the Plan and/or grant any additional Awards to the Grantee.