Consideration to Corporation Sample Clauses
The 'Consideration to Corporation' clause defines the requirement that any payment, asset, or value exchanged in connection with a contract or transaction must be provided directly to the corporation, rather than to individual shareholders or other parties. In practice, this means that if shares are issued, sold, or transferred, the corporation itself receives the agreed-upon consideration, such as cash, property, or services, rather than any third party. This clause ensures that the corporation is properly compensated for its assets or equity, maintaining the integrity of its capital structure and protecting the interests of all shareholders.
Consideration to Corporation. In consideration of the granting of this Option by Corporation, Employee agrees to render faithful and efficient services to Corporation or any Subsidiary, with such duties and responsibilities as set forth in Employee’s employment agreement with Corporation. Nothing in this Agreement or the Plan confers upon Employee any right to continue in the employ of Corporation or any Subsidiary or will interfere with or restrict in any way the rights of Corporation and its Subsidiaries, which are expressly reserved, to discharge Employee at any time for any reason whatsoever, with or without cause, except as provided in Employee’s employment agreement with Corporation.
Consideration to Corporation. In consideration of the grant of the SSARs by Corporation, Employee agrees to render faithful and efficient services to Corporation or any Subsidiary, with such duties and responsibilities as set forth in Employee’s employment agreement with Corporation. Nothing in this Agreement or the Plan confers upon Employee any right to continue in the employ of Corporation or any Subsidiary or will interfere with or restrict in any way the rights of Corporation and its Subsidiaries, which are expressly reserved, to discharge Employee at any time for any reason whatsoever, with or without cause, except as provided in Employee’s employment agreement with Corporation.
Consideration to Corporation. As partial consideration for the issuance of Restricted Stock by the Corporation, Employee agrees to render faithful and efficient services to the Corporation or a Subsidiary with such duties and responsibilities as the Corporation shall from time to time prescribe. Nothing in this Agreement or in the Plan shall confer upon Employee any right to continue in the employ of the Corporation or any Subsidiary or shall interfere with or restrict in any way the rights of the Corporation and its Subsidiaries, which are hereby expressly reserved, to terminate employment of Employee at any time for any reason, with or without cause.
Consideration to Corporation. In consideration of the granting of this Option by Corporation, Employee agrees to render faithful and efficient services to Corporation or a Subsidiary, with such duties and responsibilities as set forth in Employee’s employment agreement with Corporation, as it may be amended or restated from time to time (the “Employment Agreement”). Nothing in this Agreement or in the Plan confers upon Employee any right to continue in the employ of Corporation or any Subsidiary or will interfere with or restrict in any way the rights of Corporation and its Subsidiaries, which are expressly reserved, to discharge Employee at any time for any reason whatsoever, with or without Cause (as defined in the Employment Agreement).
Consideration to Corporation. In consideration of the granting of this Option by the Corporation, Employee agrees to render faithful and efficient services to the Corporation or its subsidiaries, with such duties and responsibilities as the Corporation or its subsidiaries shall from time to time prescribe, for a period of at least one (1) year from the date this Option is granted.