Common use of Rights of Executive Clause in Contracts

Rights of Executive. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate Executive's employment at any time (with or without Cause), or to confer upon Executive any right to continue in the employ of the Company or any Subsidiary for any period of time, or to continue to receive Executive's current (or other) rate of compensation. Except as otherwise provided herein (including, without limitation, as provided in Section 5), unless and until a certificate or certificates representing the Option Units shall have been issued to Executive, Executive shall not be a securityholder or have any of the rights or privileges of a securityholder of the Company with respect to units of Preferred Units acquired upon exercise of the Option.

Rights of Executive. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate Executive's employment at any time (with or without Cause), or to confer upon Executive any right to continue in the employ of the Company or any Subsidiary for any period of time, or to continue to receive Executive's current (or other) rate of compensation. Except as otherwise provided herein (including, without limitation, as provided in Section 5), unless and until a certificate or certificates representing the Option Units shall have been issued to Executive, Executive shall not be a securityholder or have any of the rights or privileges of a securityholder of the Company with respect to units of Preferred Units Class C Common acquired upon exercise of the Option.