Common use of No Right to Employment or Service Clause in Contracts

No Right to Employment or Service. Nothing in the Plan or this Agreement shall (a) confer upon the Optionee any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the Optionee’s employment at will at any time, for any reason, with or without cause, or to decrease the Optionee’s compensation or benefits, or (b) confer upon the Optionee any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. The determination of whether to grant any option under the Plan is made by the Company in its sole discretion. The grant of the Option shall not confer upon the Optionee any right to receive any additional option or other award under the Plan or otherwise.

Appears in 6 contracts

Samples: Non Statutory Stock Option Agreement (Nike Inc), Stock Incentive Plan Non Statutory Stock Option Agreement (Nike Inc), Stock Incentive Plan (Nike Inc)

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No Right to Employment or Service. Nothing in the Plan or this Agreement shall (a) confer upon the Optionee any right to be continued in the employment of an Employer or interfere in any way with the Employer’s 's right to terminate the Optionee’s 's employment at will at any time, for any reason, with or without cause, or to decrease the Optionee’s 's compensation or benefits, or (b) confer upon the Optionee any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. The determination of whether to grant any option under the Plan is made by the Company in its sole discretion. The grant of the Option shall not confer upon the Optionee any right to receive any additional option or other award under the Plan or otherwise.

Appears in 3 contracts

Samples: Stock Option Agreement (Nike Inc), Stock Option Agreement (Nike Inc), Stock Option Agreement (Nike Inc)

No Right to Employment or Service. Nothing in the Plan or this Agreement shall (ai) confer upon the Optionee Participant any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the OptioneeParticipant’s employment at will at any time, for any reason, with or without causeCause, or to decrease the OptioneeParticipant’s compensation or benefits, or (bii) confer upon the Optionee Participant any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. The determination of whether to grant any option under the Plan is made by the Company in its sole discretion. The grant of the Option shall not confer upon the Optionee Participant any right to receive any additional option or other award under the Plan or otherwise.

Appears in 2 contracts

Samples: Performance Based Option Agreement (NIKE, Inc.), Option Agreement (Nike Inc)

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No Right to Employment or Service. Nothing in the Plan or this Agreement shall (ai) confer upon the Optionee Participant any right to be continued in the employment of an Employer or interfere in any way with the Employer’s right to terminate the OptioneeParticipant’s employment at will at any time, for any reason, with or without causeorwithout Cause, or to decrease the OptioneeParticipant’s compensation or benefits, or (bii) confer upon the Optionee Participant any right to be retained or employed by the Employer or to the continuation, extension, renewal or modification of any compensation, contract or arrangement with or by the Employer. The determination of whether to grant any option under the Plan is made by the Company in its sole discretion. The grant of the Option shall not confer upon the Optionee Participant any right to receive any additional option or other award under the Plan or otherwise.

Appears in 1 contract

Samples: Option Agreement

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