Common use of Rights of the Executive Clause in Contracts

Rights of the Executive. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon the Executive any right to, or guarantee of, continued employment by the Company, or in any way limit the right of the Company to terminate employment of the Executive at any time, subject to the terms of the Employment Agreement or any other written employment or similar agreement between the Company and the Executive.

Appears in 7 contracts

Samples: Employment Agreement (Sirius Xm Radio Inc.), Employment Agreement (Sirius Xm Radio Inc.), Employment Agreement (Sirius Xm Radio Inc.)

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Rights of the Executive. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon the Executive any right to, or guarantee of, continued employment by the Company, or in any way limit the right of the Company to terminate the employment of the Executive at any time, subject to the terms of the Employment Letter Agreement or any other similar written employment or similar agreement between the Company and the Executive.

Appears in 2 contracts

Samples: Stock Option Agreement (Sirius Xm Holdings Inc.), Restricted Stock Unit Agreement (Sirius Xm Holdings Inc.)

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