Common use of Rights of Participants Clause in Contracts

Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, termination by the Company without Cause) any portion of your Option that was not previously exercised shall be forfeited in accordance with SECTION 3(b) above. Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or program, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 below.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Tsi Networks Inc), Nonqualified Stock Option Agreement (Tsi Networks Inc)

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Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, termination by the Company without Cause) any portion of your Option that was not previously exercised vested and exercisable shall be forfeited in accordance with SECTION 3(b) aboveforfeited. Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or program, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 paragraph 12 below.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Symmetry Medical Inc.), Nonqualified Stock Option Agreement (Symmetry Medical Inc.)

Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment or relationship as a Service Provider at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company or as a Service Provider for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment or relationship as a Service Provider (including, but not limited to, termination by the Company without Cause) any portion of your Option that was not previously exercised vested and exercisable shall be forfeited in accordance with SECTION 3(b) aboveforfeited. Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or programparticipant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 paragraph 11 below.

Appears in 2 contracts

Samples: Soundbite Communications Inc, Soundbite Communications Inc

Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, termination by the Company without Cause) ), any portion of your Option that was not previously exercised vested and exercisable shall expire and be forfeited in accordance with SECTION 3(b) aboveforfeited, except as otherwise provided herein. Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or programparticipant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 paragraph 11 below.

Appears in 1 contract

Samples: Commercial Vehicle Group, Inc.

Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, termination by the Company without Cause) any portion of your Option that was or was not previously exercised vested and exercisable shall expire and be forfeited forfeited, except as expressly provided in accordance with SECTION 3(b) aboveSection 4(b). Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or programparticipant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 Section 11 below.

Appears in 1 contract

Samples: Stock Option Agreement (Gundle SLT Environmental Inc)

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Rights of Participants. Nothing in this Plan or in any Option Agreement shall interfere with or limit in any way the right of the Company to terminate your any Participant's employment at any time (with or without Causecause), nor confer upon you any Participant any right to continue in the employ of the Company for any period of time or to continue your his present (or any other) rate of compensation, and except as otherwise provided under this Plan or by the Committee in the Option Agreement, in the event of your any Participant's termination of employment (including, but not limited to, the termination of a Participant's employment by the Company without Causecause) any portion of your such Participant's Option that was not previously exercised vested and exercisable shall expire and be forfeited in accordance with SECTION 3(b) aboveas of the date of such termination. Nothing in this Agreement No employee shall confer upon you any have a right to be selected as a Participant or, having been so selected, to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or program, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 belowParticipant.

Appears in 1 contract

Samples: Plan and Agreement (Gundle SLT Environmental Inc)

Rights of Participants. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with and for any reason or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (includingat any time and for any reason, but not limited to, termination by the Company without Cause) any portion of your Option Options that was are not previously exercised then vested and exercisable in accordance with the provisions of paragraph 3 above shall expire and be forfeited in accordance with SECTION 3(bthe provisions of paragraph 4(b) above. Nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or programparticipant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option Options upon the occurrence of subsequent events except as provided in SECTION 10 paragraph 11 below.

Appears in 1 contract

Samples: Focal Communications Corp

Rights of Participants. Nothing If you are an Employee of the Company, nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate your employment at any time (with or without Cause), nor confer upon you any right to continue in the employ of the Company for any period of time or to continue your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, termination by the Company without Cause) any portion of your Option that was not previously exercised vested and exercisable shall be forfeited in accordance with SECTION 3(b) aboveforfeited. Nothing With respect to all Optionees, nothing in this Agreement shall confer upon you any right to be selected again as a Plan participant or to be selected as a participant or beneficiary of any other Company plan or programparticipant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in SECTION 10 Section 9 below.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (First Horizon Pharmaceutical Corp)

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