Common use of Employment Rights Clause in Contracts

Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (a) confer upon Optionee any right to be or continue, as the case may be, in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of Optionee, with or without cause, or (c) confer upon Optionee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee at any time and for any reason, or for no reason, unless Optionee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 16 contracts

Samples: Management Incentive Option Agreement (Douglas Dynamics, Inc), Management Non Qualified Option Agreement (Douglas Dynamics, Inc), Management Incentive Option Agreement (Douglas Dynamics, Inc)

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Employment Rights. No provision of this Agreement or of the ----------------- Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 7 contracts

Samples: Employee Nonqualified Stock Option Agreement (Cocozza Mark J), Nonqualified Stock Option Agreement (Cocozza Mark J), Employee Nonqualified Stock Option Agreement (Cocozza Mark J)

Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 2 contracts

Samples: Non Qualified Stock Option Agreement (Voice Mobility International Inc), Stock Option Agreement (Paula Financial)

Employment Rights. No provision of this Agreement or of the ----------------- Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each any of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Virata Corp), Incentive Stock Option Agreement (Virata Corp)

Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (a) confer upon Optionee any right to be or continue, as the case may be, in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of Optionee, with or without cause, or (c) confer upon Optionee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee at any time and for any reason, or for no reason, unless Optionee and the Company or such subsidiary are parties is party to a written employment agreement an Employment Agreement that expressly provides otherwise.

Appears in 2 contracts

Samples: Non Qualified Option Agreement (Aircraft Braking Services, Inc.), Plan Management Incentive Option Agreement (Aircraft Braking Services, Inc.)

Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Planparticipation in this Agreement. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 1 contract

Samples: Stock Option Agreement (Paula Financial)

Employment Rights. No provision of this Agreement or of the ----------------- Option granted hereunder shall (ai) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (bii) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (ciii) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 1 contract

Samples: Stock Option Agreement (United Panam Financial Corp)

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Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (ai) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (bii) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (ciii) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Keystone Automotive Industries Inc)

Employment Rights. No provision of this Agreement or of the ----------------- Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each any of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Plan. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Virata Corp)

Employment Rights. No provision of this Agreement or of the Option granted hereunder shall (a) confer upon Optionee Employee any right to be or continue, as the case may be, continue in the employ of the Company or any of its subsidiaries, (b) affect the right of the Company and each of its subsidiaries to terminate the employment of OptioneeEmployee, with or without cause, or (c) confer upon Optionee Employee any right to participate in any employee welfare or benefit plan or other program of the Company or any of its subsidiaries other than the Planparticipation in this Agreement. Optionee Employee hereby acknowledges and agrees that the Company and each of its subsidiaries may terminate the employment of Optionee Employee at any time and for any reason, or for no reason, unless Optionee Employee and the Company or such subsidiary are parties to a written employment agreement that expressly provides otherwise.

Appears in 1 contract

Samples: Stock Option Agreement (Paula Financial)

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