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 Corporation and the Executive and shall create no right in the Executive to continue in the Corporation’s employment for any specific period of time, or to create any other rights in the Executive or obligations on the part of the Corporation, except as set forth herein. This Agreement shall not restrict the right of the Corporation 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 Corporation, nor shall it affect the kind and amount of other compensation to which the Executive is entitled.

Limitation on Rights. (a) This Agreement shall not be deemed to create a contract of employment between the Corporation Company and the Executive and shall create no right in the Executive to continue in the Corporation’s 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 CorporationCompany, except as set forth herein. This Agreement shall not restrict the right of the Corporation 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 CorporationCompany, nor shall it affect the kind and amount of other compensation to which the Executive is entitled. (c) The rights of the Executive under this Agreement shall be solely those of an unsecured general creditor of the Company.