Employment-at-Will; Rights as Shareholder. This Agreement shall not confer on Participant any right with respect to continuance of Employment by the Company or any of its Affiliates, nor will it interfere in any way with the right of the Company to terminate such Employment. Participant’s Employment relationship with the Company and its Affiliates shall be employment-at-will, and nothing in this Agreement shall be construed as creating an employment contract for any specified term between Participant and the Company or any Affiliate. Participant shall have no rights as a shareholder with respect to shares subject to this Option until such shares have been issued to Participant upon exercise of this Option. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 11 of the Plan.
Appears in 4 contracts
Samples: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Nonqualified Stock Option Agreement (Bluestem Brands, Inc.)
Employment-at-Will; Rights as Shareholder. This Agreement shall not confer on Participant any right with respect to continuance of Employment employment by the Company or any of its Affiliates, nor will it interfere in any way with the right of the Company to terminate such Employmentemployment. Participant’s Employment employment relationship with the Company and its Affiliates shall be employment-at-will, and nothing in this Agreement shall be construed as creating an employment contract for any specified term between Participant and the Company or any Affiliate. Participant shall have no rights as a shareholder with respect to shares subject to this Option until such shares have been issued to Participant upon exercise of this Option. No adjustment shall be made for dividends (ordinary or extraordinary, whether in cash, securities or other property), distributions or other rights for which the record date is prior to the date such shares are issued, except as provided in Section 11 12 of the Plan.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Kips Bay Medical, Inc.), Incentive Stock Option Agreement (Kips Bay Medical, Inc.), Incentive Stock Option Agreement (Cape Coastal Trading Corp)
