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, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement shall confer upon any Optionee any right to continue in the employ of, or as a consultant for, 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 Subsidiary, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without good cause.
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Samples: Nonqualified Stock Option Agreement (Spectranetics Corp), Non Qualified Stock Option Agreement (Spectranetics Corp)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee Employee 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, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon any Optionee any right to continue in the employ of, or as a consultant for, 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 Subsidiary, which are hereby expressly reserved, to discharge the any Optionee at any time for any reason whatsoever, with or without good cause, except to the extent expressly provided otherwise in a written employment agreement between the Optionee and the Company and any Subsidiary.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Tegal Corp /De/), Non Qualified Stock Option Agreement (Tegal Corp /De/)
Consideration to Company. In consideration of the granting of this Option by the Company, the Optionee Employee 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, for a period of at least one (1) year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon any Optionee the Employee any right to continue in the employ of, or as a consultant for, 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 Employee at any time for any reason whatsoever, with or without good cause.
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