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 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. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without 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)

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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, pursuant to the Employment Agreement. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Company Subsidiary, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 3 contracts

Samples: 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. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary, Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without 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 grant 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. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without cause.

Appears in 1 contract

Samples: Stock Option Agreement Number       Number of Stock Options Granted (Petco Animal Supplies Inc)

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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 of an executive nature as the Company shall from time to time prescribe, for a period of at least one year from the date this Option is granted. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary, Subsidiary or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge any Subsidiary under the Optionee at any time for any reason whatsoever, with or without causeEmployment Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Centrum Industries 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. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue in the employ of the Company or any Subsidiary, or shall interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge the Optionee at any time for any reason whatsoever, with or without causeCause.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Nextera Enterprises Inc)

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