Common use of No Right Clause in Contracts

No Right. Neither the Plan nor any action taken hereunder shall be construed as giving any Non-Employee Director any right to be retained in the service of the Company.

Appears in 4 contracts

Sources: 1994 Stock Option Plan for Non Employee Directors (Universal Corp /Va/), 2000 Stock Option Plan for Non Employee Directors (Open Plan Systems Inc), 1994 Stock Option Plan for Non Employee Directors (Universal Corp /Va/)