Common use of Consideration to Company Clause in Contracts

Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to accept employment with the Company on the date hereof and to accept appointment as Chief Executive Officer of the Company on December 1, 1998. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in a business relationship with the Company or shall interfere with or restrict in any way the rights of the Company which are hereby expressly reserved, to terminate such employment relationship at any time for any reason whatsoever, with or without cause.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Mossimo Inc), Performance Incentive Stock Option Agreement (Mossimo Inc), Nonqualified Stock Option Agreement (Mossimo Inc)

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Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee agrees to accept employment with the Company on the date hereof and to accept appointment as Chief Executive Officer of the Company on December 1, 1998. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in a business relationship with the Company or shall interfere with or restrict in any way the rights of the Company which are hereby expressly reserved, to terminate such employment relationship at any time for any reason whatsoever, with or without cause.

Appears in 1 contract

Samples: Nonqualified Performance Stock Option Agreement (Mossimo Inc)

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