Common use of Consideration to Company Clause in Contracts

Consideration to Company. In consideration of the granting of this Option by the Company, the Employee agrees to render faithful and efficient service 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 (unless the Employee retires before the end of such period and the Employee satisfies the requirements of the last paragraph of Subsection 3.1(a)). Nothing in this Agreement or in the Plan shall confer upon the Employee 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 Employee at any time for any reason whatsoever, with or without good cause. Nor shall it interfere with or restrict in any way, other than the forfeiture of all rights under this Agreement, the right of the Employee voluntarily to terminate his employment with the Company or a Subsidiary.

Appears in 5 contracts

Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Avery Dennison Corporation), Non Qualified Stock Option Agreement (Avery Dennison Corporation)

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Consideration to Company. In consideration of the granting of this Option by the Company, the Employee agrees to render faithful and efficient service 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 (unless the Employee retires before the end of such period and the Employee satisfies the requirements of the last paragraph of Subsection Section 3.1(a)) below). Nothing in this Agreement or in the Plan shall confer upon the Employee 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 Employee at any time for any reason whatsoever, with or without good cause. Nor shall it interfere with or restrict in any way, other than the forfeiture of all rights under this Agreement, the right of the Employee voluntarily to terminate his employment with the Company or a Subsidiary.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Avery Dennison Corporation)

Consideration to Company. In consideration of the granting of this Option by the Company, the Employee (i) agrees to render faithful and efficient service services to the Company or a its any Subsidiary, with such duties and responsibilities as the Company or any Subsidiary shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted granted, (unless ii) agrees not disclose or use, directly or indirectly, any proprietary or confidential information concerning the Employee retires before Company or any Subsidiary so long as such information is proprietary and/or confidential, except any disclosure or use that is for the end benefit of the Company or such period Subsidiary and incidental to the Employee’s employment, and (iii) agrees to abide by all of the terms and conditions of this Agreement and the Employee satisfies the requirements of the last paragraph of Subsection 3.1(a))Plan. Nothing in the Plan or this Agreement or in the Plan shall confer upon the Employee 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 Subsidiariesany Subsidiary, which are hereby expressly reserved, to discharge the Employee at any time for any reason whatsoever, with or without good cause. Nor shall it interfere with or restrict in any way, other than the forfeiture of all rights under this Agreement, the right of the Employee voluntarily to terminate his employment with the Company or a Subsidiary.

Appears in 1 contract

Samples: Stock Option Agreement (Complete Production Services, Inc.)

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Consideration to Company. In consideration of the granting of this Option by the Company, the Employee agrees to render faithful and efficient service 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 (unless the Employee retires before the end of such period and the Employee satisfies the requirements of the last paragraph of Subsection Section 3.1(a)) below). Nothing in this Agreement or in the Plan shall confer upon the Employee 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 Employee at any time for any reason whatsoever, with or without good cause. Nor shall it interfere with or restrict in any way, other than the forfeiture of all rights under this ---------- * Refer to the attached Notice. Agreement, the right of the Employee voluntarily to terminate his employment with the Company or a Subsidiary.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Avery Dennison Corporation)

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