Common use of Effect on Employment Clause in Contracts

Effect on Employment. Neither the grant of this Option, nor the issuance of Units upon exercise of this Option shall give the Employee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee at any time or affect any right of Employee to terminate his employment at any time.

Appears in 11 contracts

Samples: Management Incentive Plan (Burlington Holdings, Inc.), Management Incentive Plan (Burlington Holdings, Inc.), Management Incentive Plan (Burlington Holdings, Inc.)

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Effect on Employment. Neither the grant of this Option, nor the issuance of Units upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his employment or her Employment at any time.

Appears in 8 contracts

Samples: Senior Executive Option Agreement (CRC Health CORP), 2007 Executive Option Certificate (CRC Health CORP), Stock Option Agreement (Transcultural Health Develpment, Inc.)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his employment or her Employment at any time.

Appears in 7 contracts

Samples: Management Non Qualified Time Based Class a Option Agreement (Sungard Capital Corp Ii), Employment Agreement (Sungard Capital Corp Ii), Management Non Qualified Performance Based Class a Option Agreement (Sungard Capital Corp Ii)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option shall give the Employee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee at any time or affect any right of Employee to terminate his employment at any time.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Non Qualified Stock Option Agreement (Burlington Stores, Inc.)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units shares upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his employment or her Employment at any time.

Appears in 6 contracts

Samples: Nonqualified Stock Option Agreement (West Corp), Merger Agreement (C C Media Holdings Inc), Management Time Vesting Option Certificate (Transcultural Health Develpment, Inc.)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option shall give the Employee any right to be retained in the employ of the Company or its AffiliatesSubsidiaries, affect the right of the Company or its Affiliates Subsidiaries to discharge or discipline the Employee at any time or affect any right of Employee to terminate his employment at any time.

Appears in 6 contracts

Samples: Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Non Qualified Stock Option Agreement (Burlington Stores, Inc.), Non Qualified Stock Option Agreement (Burlington Stores, Inc.)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his employment or her Employment at any time, subject to applicable local law and the terms of any employment agreement.

Appears in 4 contracts

Samples: Management Non Qualified Time Based Class a Option Agreement (Sungard Capital Corp Ii), Management Non Qualified Performance Based Class a Option Agreement (Sungard Capital Corp Ii), Management Non Qualified Performance Based Class a Option Agreement (Sungard Data Systems Inc)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option shall Option, will give the Employee Optionee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his employment or her Employment at any time.

Appears in 3 contracts

Samples: Stock Option Agreement (Michaels Stores Inc), Stock Option Agreement (Michaels Stores Inc), Stock Option Agreement (Michaels Stores Inc)

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Effect on Employment. Neither the grant of this Option, nor the issuance of Units Shares upon exercise of this Option shall Option, will give the Employee Optionee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee Optionee at any time time, or affect any right of Employee the Optionee to terminate his employment or her Employment at any time.

Appears in 3 contracts

Samples: Stock Option Agreement (Michaels Stores Inc), Stock Option Agreement (Michaels Stores Inc), Stock Option Agreement (Michaels Stores Inc)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units shares upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or discipline the Employee such Optionee at any time time, or affect any right of Employee such Optionee to terminate his or her employment at any time.

Appears in 2 contracts

Samples: Option Agreement (LCE AcquisitionSub, Inc.), Option Agreement (LCE AcquisitionSub, Inc.)

Effect on Employment. Neither the grant of this Optionoption, nor the issuance of Units Shares upon exercise of this Option option, shall give the Employee Participant any right to be retained in the employ of the Company or its AffiliatesCompany, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Participant at any time or affect any right of Employee such Participant to terminate his employment or her Employment at any time.

Appears in 1 contract

Samples: Stock Option Agreement (Panther Expedited Services, Inc.)

Effect on Employment. Neither the grant of this Option, nor the issuance of Units Stock upon exercise of this Option Option, shall give the Employee Optionee any right to be retained in the employ of the Company or its Affiliates, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Optionee at any time or affect any right of Employee such Optionee to terminate his employment or her Employment at any time.

Appears in 1 contract

Samples: Option Agreement (Bloomin' Brands, Inc.)

Effect on Employment. Neither the grant of this Optionoption, nor the issuance of Units Shares upon exercise of this Option option, shall give the Employee Optionee any right to be retained in the employ of the Company or its AffiliatesCompany, affect the right of the Company or its Affiliates to discharge or discipline the Employee such Optionee at any time or affect any right of Employee such Optionee to terminate his or her employment at any time.

Appears in 1 contract

Samples: Separation Agreement (Stanadyne Corp)

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