Employment or Service Relationship. Employees shall be considered to be in the employment of the Company as long as they remain employees of the Company or a parent or subsidiary corporation (as defined in Section 424 of the Internal Revenue Code of 1986, as amended). Any questions as to whether and when there has been a termination of employment or service as a Non-Employee Director, and the cause of such termination, shall be determined by the Committee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon the Optionee the right to continue in the employ of the Company, nor shall anything contained herein be construed or interpreted to alter any “employment at will” relationship between the Optionee and the Company.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (WashingtonFirst Bankshares, Inc.)
Employment or Service Relationship. Employees shall be considered to be in the employment of the Company as long as they remain employees of the Company or a parent or subsidiary corporation (as defined in Section 424 of the Internal Revenue Code of 1986, as amended). Any questions as to whether and when there has been a termination of employment or service as a Non-Employee Director, and the cause of such termination, shall be determined by the Committee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon the Optionee the right to continue in the employ of the Company, nor shall anything contained herein be construed or interpreted to alter any “"employment at will” " relationship between the Optionee and the Company.
Appears in 1 contract
Samples: Incentive Stock Option Agreement (WashingtonFirst Bankshares, Inc.)
Employment or Service Relationship. Employees Employees, Directors or Consultants shall be considered to be in the employment of the Company or in the service of the Company as long as they remain employees or in the service of the Company or a parent or subsidiary corporation (as defined in Section 424 of the Internal Revenue Code of 1986, as amended)an Affiliate. Any questions as to whether and when there has been a termination of such employment or service as a Non-Employee Director, and the cause of such termination, shall be determined by the Committee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon the Optionee the right to continue in the employ or in the service of the Company, nor shall anything contained herein be construed or interpreted to alter any limit the “employment at will” relationship or the “service at will” relationship between the Optionee and the Company.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Atp Oil & Gas Corp)
Employment or Service Relationship. Employees shall be considered to be in the employment of the Company as long as they remain employees of the Company or a parent or subsidiary corporation (as defined in Section 424 of the Internal Revenue Code of 1986, as amended). Any questions as to whether and when there has been a termination of employment or service as a Non-Employee Directorconsultant, and the cause of such termination, shall be determined by the Committee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon the Optionee the right to continue in the employ of the Company, nor shall anything contained herein be construed or interpreted to alter any “employment at will” relationship between the Optionee and the Company.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Superior Offshore International Inc.)