Common use of Limitation on Rights Clause in Contracts

Limitation on Rights. (a) This Agreement shall not be deemed to create a contract of employment between the Company and the Executive and shall create no right in the Executive to continue in the Company's employment for any specific period of time, or to create any other rights in the Executive or obligations on the part of the Company, except as set forth herein. This Agreement shall not restrict the right of the Company to terminate the Executive, or restrict the right of the Executive to terminate his employment. (b) This Agreement shall not be construed to exclude the Executive from participation in any other compensation or benefit programs in which he is specifically eligible to participate either prior to or following the execution of this Agreement, or any such programs that generally are available to other executive personnel of the Company, nor shall it affect the kind and amount of other compensation to which the Executive is entitled. (c) This Agreement shall not be construed to impose on the Board of Directors any obligation to approve any transaction constituting a Change Control, such approval to be determined in the sole discretion of the Board in the exercise of its duties under applicable law. (d) The rights of the Executive under this Agreement shall be solely those of an unsecured general creditor of the Company.