Common use of CONSIDERATION TO THE CORPORATION Clause in Contracts

CONSIDERATION TO THE CORPORATION. As consideration for the release of the restrictions on the Restricted Stock set forth herein, the Executive agrees to render faithful and efficient services to the Corporation, a Parent, or a Subsidiary with such duties and responsibilities as the Corporation shall from time to time prescribe for a period of at least two years from the Award Date. Nothing in this Agreement or in the Plan shall confer upon the Executive any right to continue in the employ of the Corporation, any Parent, or any Subsidiary or shall interfere with or restrict in any way the rights of the Corporation, any Parent, or any Subsidiary, which are hereby expressly reserved, to discharge the Executive at any time for any reason whatsoever, with or without cause.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Varsitybooks Com Inc), Restricted Stock Agreement (Varsitybooks Com Inc), Restricted Stock Agreement (Varsitybooks Com Inc)

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