Common use of Continuation of Employment Clause in Contracts

Continuation of Employment. Neither this Plan nor any Option granted hereunder shall confer upon any Optionee any right to continue in the employment of the Company or any of its Subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 17 contracts

Samples: Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp), Stock Option Agreement (Mai Systems Corp)

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Continuation of Employment. Neither this the Plan nor any this Option granted hereunder shall (a) confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries Affiliate or (b) limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's sole discretion and with or without notice.

Appears in 13 contracts

Samples: Stock Option Agreement (Success Bancshares Inc), Stock Option Agreement (Success Bancshares Inc), Stock Option Agreement (Success Bancshares Inc)

Continuation of Employment. Neither this Plan nor any This Option granted hereunder shall not confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries or limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's discretion and with or without notice.

Appears in 3 contracts

Samples: Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/), Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/), Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/)

Continuation of Employment. Neither this Plan nor any This Option granted hereunder shall not confer upon any the Optionee any right to continue in the employment of the Company or any of its Subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Gtsi Corp), Non Qualified Stock Option Agreement (Gtsi Corp), Non Qualified Stock Option Agreement (Gtsi Corp)

Continuation of Employment. Neither this Option, the Plan nor any Option granted hereunder thereunder shall (a) confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries or (b) limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's sole discretion and with or without notice.

Appears in 2 contracts

Samples: Nonstatutory Employee Stock Option Agreement (Futech Interactive Products Inc), Nonstatutory Stock Option Agreement (Futech Interactive Products Inc)

Continuation of Employment. Neither the Plan, this Plan Option, nor any Option granted hereunder thereunder shall (a) confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries or (b) limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's sole discretion and with or without notice.

Appears in 2 contracts

Samples: Employment Agreement (Styleclick Com Inc), Employment Agreement (Styleclick Com Inc)

Continuation of Employment. Neither this the Plan nor any this Option granted hereunder shall confer upon any Optionee any right to continue in the employment of the Company or any of its Subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Diversa Corp)

Continuation of Employment. Neither this Option or the Option Plan nor any Option granted hereunder thereunder shall confer upon any Optionee any right to continue in the employment of the Company Company, its Parent, Subsidiary or any of its Subsidiaries a successor corporation or limit in any respect the right of the Company or any such corporations to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cisco Systems Inc)

Continuation of Employment. Neither the Plan, this Plan Option, nor any Option granted hereunder thereunder shall (a) confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries subsidiaries or (b) limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's sole discretion and with or without notice.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Futech Interactive Products Inc)

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Continuation of Employment. Neither this Plan nor any Incentive Stock Option granted hereunder shall confer upon any Optionee Employee any right to continue in the employment employ of the Company or any of its Subsidiaries or limit in any respect the right of the Company to discharge the Optionee terminate his employment at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: Employee Incentive Stock Option (Warrantech Corp)

Continuation of Employment. Neither this Option or the Plan nor any -------------------------- Option granted hereunder thereunder shall confer upon any Optionee any right to continue in the employment of the Company Company, its Parent, Subsidiary or any of its Subsidiaries a successor corporation or limit in any respect the right of the Company or any such corporations to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: Intervideo Inc

Continuation of Employment. Neither this the Plan nor any this Option granted hereunder shall confer upon any Optionee any right to continue in the employment of the Company or any of its Subsidiaries subsidiaries or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Mothers Work Inc)

Continuation of Employment. Neither this the Plan nor any this Option granted hereunder shall confer upon any Optionee any right to continue in the employment of the Company or any of its Subsidiaries Subsidiaries, or limit in any respect the right of the Company to discharge the Optionee at any time, with or without cause and with or without notice.

Appears in 1 contract

Samples: 2005 Stock Option and Restricted Share Plan (Viropharma Inc)

Continuation of Employment. Neither this Plan nor any This Option granted hereunder shall not confer upon any the Optionee any right whatsoever to continue in the employment of the Company or any of its Subsidiaries or limit or restrict in any respect the right rights of the Company Company, which rights are hereby expressly reserved, to discharge terminate the Optionee Optionee's employment and compensation at any timetime for any reason whatsoever, with or without cause cause, in the Company's discretion and with or without notice.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Earthlink Network Inc /De/)

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