Common use of Company Service Clause in Contracts

Company Service. (a) For purposes hereof, “Company Service” means service as an Employee and/or Non-Employee Director. Notwithstanding any contrary provision or implication herein, in determining cessation of Company Service for purposes hereof, transfers between the Company and/or any Subsidiary shall be disregarded and shall not be considered a cessation of Company Service, and changes in status between that of an Employee and a Non-Employee Director shall be disregarded and shall not be considered a cessation of Company Service. (b) Nothing under the Plan or in this Agreement shall confer upon the Participant any right to continue Company Service or in any way affect any right of the Company to terminate the Participant’s Company Service without prior notice at any time for any or no reason.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Volt Information Sciences, Inc.), Restricted Stock Agreement (C & F Financial Corp)

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Company Service. (a) For purposes hereof, "Company Service" means service as an Employee and/or Non-Employee Non‑Employee Director. Notwithstanding any contrary provision or implication herein, in determining cessation of Company Service for purposes hereof, transfers between the Company and/or any Subsidiary shall be disregarded and shall not be considered a cessation of Company Service, and changes in status between that of an Employee and a Non-Employee Non‑Employee Director shall be disregarded and shall not be considered a cessation of Company Service. (b) Nothing under the Plan or in this Agreement shall confer upon the Participant any right to continue Company Service or in any way affect any right of the Company to terminate the Participant’s 's Company Service without prior notice at any time for any or no reason.

Appears in 1 contract

Samples: Restricted Stock Agreement (C & F Financial Corp)

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