Common use of Company’s Reservation of Rights Clause in Contracts

Company’s Reservation of Rights. Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate Executive’s status as an employee of the Company or any of its Affiliates, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 33 contracts

Samples: Change of Control Agreement (Gulf Island Fabrication Inc), Change of Control Agreement (Gulf Island Fabrication Inc), Change of Control Agreement (Gulf Island Fabrication Inc)

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Company’s Reservation of Rights. Executive acknowledges and understands that the The Executive serves at the pleasure of the Board board of directors and that the Company has the right at any time to terminate the Executive’s status as an employee of employment by the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Termstatus, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 7 contracts

Samples: Severance and Change of Control Agreement (Cal Dive International, Inc.), Severance and Change of Control Agreement (Cal Dive International, Inc.), Severance and Change of Control Agreement (Cal Dive International, Inc.)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Bank's Board of Directors and that the Company Bank has the right at any time to terminate Executive’s 's status as an employee of the Company or any of its AffiliatesBank, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this AgreementSection 6(d) if such action constitutes a termination by the Bank without Cause.

Appears in 5 contracts

Samples: Employment Agreement (Bnccorp Inc), Employment Agreement (Bnccorp Inc), Employment Agreement (Bnccorp Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive he serves at the pleasure of the Board and that the Company has the right at any time to terminate or change the Executive’s status as an officer and employee of the Company or any of its Affiliates, or to change or diminish his status during the Employment TermCompany, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 5 contracts

Samples: Executive Employment Agreement (Freeport McMoran Copper & Gold Inc), Executive Employment Agreement (Freeport McMoran Copper & Gold Inc), Executive Employment Agreement (Freeport McMoran Copper & Gold Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate the Executive’s status as an employee of the Company or any of its Affiliates, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Stratus Properties Inc), Severance and Change of Control Agreement (Stratus Properties Inc), Severance and Change of Control Agreement (Stratus Properties Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate the Executive’s status as an employee of the Company or any of its Affiliates, or to change or diminish his her status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 3 contracts

Samples: Severance and Change of Control Agreement (Stratus Properties Inc), Severance and Change of Control Agreement (Stratus Properties Inc), Severance and Change of Control Agreement (Stratus Properties Inc)

Company’s Reservation of Rights. Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate Executive’s status as an employee of the Company or any of its Affiliates, or to change or diminish his her status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 3 contracts

Samples: Change of Control Agreement (Stratus Properties Inc), Change of Control Agreement (Stratus Properties Inc), Change of Control Agreement (Stratus Properties Inc)

Company’s Reservation of Rights. Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate Executive’s 's status as an employee of the Company or any of its Affiliates, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 3 contracts

Samples: Change of Control Agreement (Gulf Island Fabrication Inc), Change of Control Agreement (Gulf Island Fabrication Inc), Change of Control Agreement (Gulf Island Fabrication Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board board of directors and that the Company has the right at any time to terminate the Executive’s status as an employee Executive of the Company or any of its AffiliatesCompany, or to change or diminish his status status, including during the Employment TermConsulting Period, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 2 contracts

Samples: Retirement and Consulting Agreement (Gulf Island Fabrication Inc), Retirement and Consulting Agreement (Tidewater Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive he serves at the pleasure of the Board and that the Company has the right at any time to terminate or change the Executive’s 's status as an officer and employee of the Company or any of its Affiliates, or to change or diminish his status during the Employment TermCompany, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Freeport McMoran Copper & Gold Inc), Executive Employment Agreement (Freeport McMoran Copper & Gold Inc)

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Company’s Reservation of Rights. Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate Executive’s 's status as an employee of the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 2 contracts

Samples: Change of Control Agreement (Freeport McMoran Copper & Gold Inc), Change of Control Agreement (Freeport McMoran Copper & Gold Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board board of directors and the Company’s stockholders, and that the Company has Company’s stockholders have the right at any time to terminate the Executive’s status as an employee a director of the Company or any of its AffiliatesCompany, or to and the Board may change or diminish his status status, including during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 2 contracts

Samples: Retirement and Non Executive Chairman Agreement, Retirement and Non Executive Chairman Agreement (Tidewater Inc)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board board of directors and that the Company has the right at any time to terminate the Executive’s status as an employee of the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Termstatus, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 2 contracts

Samples: Severance Agreement, Severance Agreement (Tidewater Inc)

Company’s Reservation of Rights. Executive acknowledges and understands that the The Executive serves at the pleasure of the Company’s Board of Directors and that the Company has the right at any time to terminate the Executive’s status as an employee of employment by the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Termstatus, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Cal Dive International, Inc.)

Company’s Reservation of Rights. The Executive acknowledges and understands that the Executive serves at the pleasure of the Board board of directors and that the Company has the right at any time to terminate the Executive’s status as an employee Executive of the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Termstatus, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 1 contract

Samples: Retirement Agreement (Tidewater Inc)

Company’s Reservation of Rights. Executive acknowledges and understands that the Executive serves at the pleasure of the Board and that the Company has the right at any time to terminate Executive’s status as an employee of the Company or any of its AffiliatesCompany, or to change or diminish his status during the Employment Term, subject to the rights of the Executive to claim the benefits conferred by this Agreement.

Appears in 1 contract

Samples: Change of Control Agreement (Freeport McMoran Copper & Gold Inc)

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