Common use of Rights of Participants Clause in Contracts

Rights of Participants. Neither this Agreement nor the Plan creates any employment rights in Grantee and neither the Company nor any of its Subsidiaries shall have any liability arising out of the Plan or this Agreement for terminating Grantee's employment or reducing Grantee's responsibilities.

Appears in 5 contracts

Samples: Mattress Discounters Corp, Bedding Experts Inc, Bedding Experts Inc

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Rights of Participants. Neither this Agreement nor the Plan creates any employment rights in Grantee and neither the Company nor any of its Subsidiaries shall have any liability arising out of the Plan or this Agreement for terminating Grantee's ’s employment or reducing Grantee's ’s responsibilities.

Appears in 1 contract

Samples: 1998 Stock Option Plan (Sealy Corp)

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