Common use of Effect on Employment Clause in Contracts

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 30 contracts

Samples: Stock Incentive Plan (Universal Corp /Va/), Stock Incentive Plan (Southern National Bancorp of Virginia Inc), 2007 Stock Incentive Plan (SportsQuest, Inc.)

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Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company or a Subsidiary Related Entity or in any way affect any right and power of the Company or a Subsidiary Related Entity to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 12 contracts

Samples: Incentive Plan (Media Sciences International Inc), 2009 Stock Incentive Plan (Media Sciences International Inc), 2006 Stock Incentive Plan (Media Sciences International Inc)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any Director any right to continue on the Board or confer upon any employee any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to remove any Director or terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 7 contracts

Samples: Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 7 contracts

Samples: Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp), Option Agreement (Approved Financial Corp)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 5 contracts

Samples: 2000 Stock Incentive Plan (Hilb Rogal & Hamilton Co /Va/), 1994 Incentive Stock Plan (PMT Services Inc /Tn/), Restricted Stock Plan (Washington Mutual Inc)

Effect on Employment. Neither the adoption of this the Plan, or its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 3 contracts

Samples: 1996 Stock Incentive Plan (Open Plan Systems Inc), 1996 Stock Incentive Plan (Open Plan Systems Inc), 1996 Stock Incentive Plan (Open Plan Systems Inc)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company Corporation or a Subsidiary Related Entity or in any way affect any right and power of the Company Corporation or a Subsidiary Related Entity to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 3 contracts

Samples: Incentive Plan (Evci Career Colleges Inc), Incentive Plan (Educational Video Conferencing Inc), Incentive Plan (Boundless Corp)

Effect on Employment. Neither the adoption of this Plan, its -------------------- operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 3 contracts

Samples: 1999 Executive Stock Plan (United Financial Banking Companies Inc), Omnibus Stock Incentive Plan (Equifax Inc), 1990 Executive Stock Plan (United Financial Banking Companies Inc)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 2 contracts

Samples: 1992 Omnibus Stock Incentive Plan (Tredegar Corp), 1997 Stock Incentive Plan (Mainstreet Bankgroup Inc)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Employee Stock Purchase and Loan Plan (Storage Usa Inc)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee Participant any right to continue in the employ as an employee or an independent contractor of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment service of any employee Participant at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: 1997 Stock Option Plan (Ocwen Asset Investment Corp)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ of continued employment with the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: 1997 Omnibus Stock Incentive Plan (Juliana Mining Co Inc)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Stock Incentive Plan (Shenandoah Telecommunications Co/Va/)

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Effect on Employment. Neither the adoption of this Plan, its operation, -------------------- nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: 2000 Omnibus Stock Incentive Plan (Blimpie International Inc)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents document describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Stock Incentive Plan (Shenandoah Telecommunications Co/Va/)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company Corporation or a Subsidiary an Affiliate or in any way affect any right and power of the Company Corporation or a Subsidiary an Affiliate to terminate the employment of any an employee at any time with or without assigning a reason thereforthereunder.

Appears in 1 contract

Samples: Stock Incentive Plan (Perardua Corp)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company or a Subsidiary an Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Incentive Plan (Albemarle Corp)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee or consultant any right to continue in the employ of of, or under contract with, the Company or a Subsidiary any Affiliate or in any way affect any right and power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee or consultant at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Stock Option Plan (Front Royal Inc)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee any right to continue in the employ of the Company or a Subsidiary an Affiliate or in any way affect any right and or power of the Company or a Subsidiary an Affiliate to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: 1994 Stock Option Plan (Hawthorne Financial Corp)

Effect on Employment. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer upon any employee individual any right to continue in the employ or service of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment or service of any employee individual at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Stock Option Plan (First Capital Bancorp, Inc.)

Effect on Employment. Neither the adoption of this the Plan, its operation, nor any documents describing or referring to this the Plan (or any part thereof) shall confer upon any employee any the right to continue in the employ of the Company or a Subsidiary or in any way affect any right and power of the Company or a Subsidiary to terminate the employment of any employee at any time with or without assigning a reason therefor.

Appears in 1 contract

Samples: Long Term Incentive Plan (Networks North Inc)

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