Effect on Employment Rights. This Agreement is not part of any employment agreement that the Company and Executive may have entered. Nothing in this Agreement shall confer upon Executive any right to continue in the employ of the Company or interfere with or restrict in any way the rights of the Company, which are hereby expressly reserved, to terminate for any reason, with or without cause. Executive agrees that, subject to the terms and conditions of this Agreement, in the event of a potential change in control of the Company (as defined below), Executive will remain in the employ of the Company during the pendency of any such potential change in control and for a period of one year after the occurrence of an actual Change in Control. For this purpose, a "potential change in control of the Company" shall be deemed to have occurred if (a) the Company enters into an agreement the consummation of which would result in the occurrence of a Change in Control, (b) any person (including the Company) publicly announces an intention to take or consider taking action which if consummated would constitute a Change in Control or (c) the Board of Directors of the Company (the "Board") adopts a resolution to the effect that a potential change in control of the Company has occurred.
Effect on Employment Rights. This Award shall not confer upon the Participant any right to be retained in the employ or service of the Company or any of its Affiliates and shall not affect in any way the right of the Company or any of its Affiliates to terminate the Participant’s Employment at any time.
Effect on Employment Rights. Nothing in this Agreement shall be deemed to give the Participant any right to remain in the employ of the Bank nor to affect the right of the Bank to terminate the employment of the Participant at any time, with or without cause, which right is hereby reserved. This Agreement shall not be considered a supplement or amendment to any contract of employment, either oral or written, between the Participant and the Bank.
Effect on Employment Rights. Nothing contained herein shall be construed to confer upon the Participant any right to be continued in the employ of the Company or any of its subsidiaries, or derogate from the right of the Company or any of its subsidiaries to retire, request the resignation of, or discharge the Participant at any time, with or without cause, except as may be expressly agreed otherwise between the Company and the Participant. The rights of the Participant are limited to those expressed herein and in the Plan and are not enforceable against the Company or its subsidiaries or affiliates, except to the extent set forth herein.
Effect on Employment Rights. The grant of the Inducement Option neither confers upon the Optionee any right to continue in the employment of the Company nor, subject to the provisions of the Employment Agreement, limits in any way the right of the Company to terminate the employment of the Optionee at any time.
Effect on Employment Rights. This Agreement is not part of any employment agreement that the Company and Executive may have entered. Nothing in this Agreement shall confer upon Executive any right to continue in the employ of the Company or interfere with or restrict in any way the rights of the Company, which are hereby expressly reserved, to terminate for any reason, with or without cause. Executive agrees that, subject to the terms and conditions of this Agreement, in the event of a potential change in control of the Company (as defined below), Executive will remain in the employ of the Company during the pendency of any such potential change in control and for a period of one year after the occurrence of an actual Change in Control. For this purpose, a "potential change in
Effect on Employment Rights. 17.4.1 Members who are reassigned to an equivalent faculty position will retain all employment rights held prior to reassignment.
Effect on Employment Rights. Nothing in this Agreement shall be construed as giving the Grantee any right to continued employment with the Company, its Subsidiaries or its Affiliates. Except as otherwise expressly provided herein, the terms and conditions of the Grantee’s employment with the Company shall remain unchanged.
Effect on Employment Rights. This Agreement does not constitute a contract of employment or impose on the Bank any obligation to retain the Employee, to change the status of the Employee’s employment, or to change the Bank’s policies regarding termination of employment.
Effect on Employment Rights. Although this Agreement is not part of any other employment agreement, it should be read in conjunction with the Employment Agreement of even date between the parties. The Executive agrees that, subject to the terms and conditions of this Agreement, in the event of a “potential change in control” of the Bank, the Executive will remain in the employ of the Bank during the pendency of any such potential change in control. For the purposes of this Agreement, a “potential change in control” shall be deemed to have occurred if (a) the Bank enters into an agreement, the consummation of which would result in the occurrence of a Change in Control, (b) any person (including the Bank) publicly announces an intention to take or consider taking action which if consummated would constitute a Change in Control; or (c) the Board of Directors of the Bank adopts a resolution to the effect that a potential change in control of the Bank has occurred.
