Common use of Consideration to Company Clause in Contracts

Consideration to Company. In consideration of the awarding 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 awarded. 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 4 contracts

Samples: Nonqualified Stock Option Agreement (Morrison Knudsen Corp//), Nonqualified Stock Option Agreement (Morrison Knudsen Corp//), Nonqualified Stock Option Agreement (Washington Group International Inc)

AutoNDA by SimpleDocs

Consideration to Company. In consideration of the awarding 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 awardedgranted. 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: Stock Option Agreement (Petco Animal Supplies Inc), Incentive Stock Option Agreement (Price Legacy Corp), Non Qualified Stock Option Agreement (Libbey Inc)

Consideration to Company. In consideration of the awarding 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 awarded. Nothing in this Agreement or in the Plan shall confer upon the Optionee any right to continue [in the employ of of] [as a consultant 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: Non Qualified Stock Option Agreement (Firstworld Communications Inc)

AutoNDA by SimpleDocs

Consideration to Company. In consideration of the awarding 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 awardedgranted. 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 Subsidiariesor any Subsidiary, 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: Non Qualified Stock Option Agreement (Manor Care Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!