Common use of Consideration to the Company Clause in Contracts

Consideration to the 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. In addition, nothing in this Agreement or in the Plan shall require the Optionee to continue in the employ of the Company or any Subsidiary.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (Layne Christensen Co), Non Qualified Stock Option Agreement (Layne Christensen Co), Nonqualified Stock Option Agreement (Layne Christensen Co)

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Consideration to the Company. In consideration of the granting of this Option these Options by the Company, the Optionee agrees to render faithful and efficient services to the Company or a SubsidiarySubsidiary or Affiliate, 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 Affiliate or shall interfere with or restrict in any way the rights of the Company and its SubsidiariesSubsidiaries or Affiliates, which are hereby expressly reserved, to discharge terminate the employment of the Optionee at any time for any reason whatsoever, with or without cause. In addition, nothing in this Agreement or in the Plan shall require the Optionee to continue in the employ of the Company or any Subsidiary.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Evenflo & Spalding Holdings Corp), Non Qualified Stock Option Agreement (Randalls Food Markets Inc), Non Qualified Stock Option Agreement (Randalls Food Markets Inc)

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