Common use of Agreement to Remain in Employ of Company Clause in Contracts

Agreement to Remain in Employ of Company. Nothing contained in this Option Agreement or the Stock Option Plan referenced in Article XII shall confer upon the Optionee any right to continue in the employ of the Optionor or constitute any contract or agreement of employment or interfere in any way with the right of the Optionor to reduce such person's compensation from the rate in existence at the time of the granting of the Option or to terminate such person's employment.

Agreement to Remain in Employ of Company. Nothing contained in this Option Agreement or the Stock Option Plan referenced in Article XII shall confer upon the Optionee any right to continue in the employ of the Optionor or constitute any contract or agreement of employment or interfere in any way with the right of the Optionor to reduce such person's ’s compensation from the rate in existence at the time of the granting of the Option or to terminate such person's ’s employment.