Common use of RIGHTS OF THE OPTIONEE Clause in Contracts

RIGHTS OF THE OPTIONEE. Nothing in this Agreement shall ---------------------- interfere with or limit in any way the right of the Company to terminate the Optionee's employment at any time (with or without cause), nor confer upon the Optionee any right to continue in 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 4 contracts

Samples: Nonqualified Stock Option Agreement (Exide Corp), Nonqualified Stock Option Agreement (Exide Corp), Technologies Nonqualified Stock Option Agreement (Exide Corp)

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RIGHTS OF THE OPTIONEE. Nothing in this Agreement shall interfere ---------------------- interfere with or limit in any way the right of the Company to terminate the Optionee's employment at any time (with or without cause), nor confer upon the Optionee any right to continue in 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: Nonqualified Stock Option Agreement (Exide Corp)

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