Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any Optionee any right to continue as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Southwest Water Co), Nonqualified Stock Option Agreement (Southwest Water Co), Stock Option Agreement (Varco International Inc /De/)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Company Subsidiary, with such duties and responsibilities as the Company or such Company Subsidiary shall from time to time prescribe, until pursuant to the next annual meeting of stockholders of the CompanyEmployment Agreement. Nothing in this Agreement or in the Plan or this Agreement shall confer upon any the Optionee any right to continue as a director of in the Company, or shall interfere with or restrict in any way the rights employ of the Company and or any Company Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 3 contracts
Samples: Executive Employment Agreement (First Washington Realty Trust Inc), Employment Agreement (First Washington Realty Trust Inc), Employment Agreement (First Washington Realty Trust Inc)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in this Agreement or in the Plan or this Agreement shall confer upon any the Optionee any right to continue as a director in the employ of the CompanyCompany or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 3 contracts
Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc), Incentive Stock Option Agreement (Firstworld Communications Inc), Non Qualified Stock Option Agreement (Nextera Enterprises Inc)
Consideration to Company. In consideration of the granting of this the Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a any Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until prescribe for a period of at least one (1) year from the next annual meeting of stockholders of the Companydate this Option is granted. Nothing in the Plan or this Agreement shall confer upon any the Optionee any right to continue as a director in the employ of the Company, Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good causeCause.
Appears in 2 contracts
Samples: Merger Agreement (Hycor Biomedical Inc /De/), Non Qualified Stock Option Agreement (Stratagene Corp)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee Director agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any Optionee Director any right to continue as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiary, which are hereby expressly reserved, to discharge the Optionee Director at any time for any reason whatsoever, with or without good cause.
Appears in 2 contracts
Samples: Nonqualified Stock Option Agreement (Complete Production Services, Inc.), Nonqualified Stock Option Agreement (Complete Production Services, Inc.)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any the Optionee any right to continue as a director in the employ of the Company, Company or any Subsidiary or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good causeCause.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Provant Inc), Non Qualified Stock Option Agreement (Provant Inc)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a SubsidiaryCompany, with such duties and responsibilities as the Company shall from time to time prescribe, until for a period of at least one (1) year from the next annual meeting of stockholders of the Companydate this Option is granted. Nothing in this Agreement or in the Plan or this Agreement shall confer upon any the Optionee any right to continue as a director in the employ of the CompanyCompany or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (Griffin Land & Nurseries Inc)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any Optionee any right to continue as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any SubsidiaryCompany, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Southwest Water Co)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in the Plan or this Agreement shall confer upon any the Optionee any right to continue as an employee of the Company or any Subsidiary, or as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Scoop Inc/De)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to render faithful and efficient services to the Company or a Subsidiary, with such duties and responsibilities as the Company shall from time to time prescribe, until the next annual meeting of stockholders of the Company. Nothing in this Agreement or in the Plan or this Agreement shall confer upon any the Optionee any right to continue in the employ of the Company or any Subsidiary, or as a director of the Company, or shall interfere with or restrict in any way the rights of the Company and any Subsidiaryits Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Rentrak Corp)