Common use of Rights of Employee Clause in Contracts

Rights of Employee. In no event shall the granting of the Option or the acceptance of this Agreement by Employee interfere with or limit in any way the right of the Company to terminate Employee’s employment at any time with or without cause, nor confer upon Employee any right to continue in Employment by the Company for any period of time or to continue his or her present or any other rate of compensation.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Material Sciences Corp), Non Qualified Stock Option Agreement (Material Sciences Corp)

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Rights of Employee. In no event shall the granting of the Option or the acceptance of this Agreement by Employee interfere with or limit in any way the right of the Company to terminate Employee’s employment at any time with or without cause, nor or confer upon Employee any right to continue in Employment by the Company for any period of time or to continue his or her present or any other rate of compensation.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Material Sciences Corp)

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Rights of Employee. In no event shall the granting of the Option or its acceptance by the acceptance of this Agreement by Employee interfere with or limit in any way the right of the Company to terminate the Employee’s employment at any time with or without cause, nor cause or confer upon the Employee any right to continue in Employment by the employ of the Company for any period of time or to continue his or her present or any other rate of compensation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Aksys LTD)

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