Common use of No Effect on Employment Clause in Contracts

No Effect on Employment. This agreement is not a contract of employment or otherwise a limitation on the right of the Company to terminate the employment of Employee or to increase or decrease Employee’s compensation from the rate of compensation in existence at the time this Agreement is executed.

Appears in 31 contracts

Samples: Form of Performance Unit Award Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Form of Performance Unit Award Agreement (MARRIOTT VACATIONS WORLDWIDE Corp), Stock Appreciation Right Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)

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No Effect on Employment. This agreement Agreement is not a contract of employment or otherwise a limitation on the right of the Company to terminate the employment of Employee or to increase or decrease Employee’s compensation from the rate of compensation in existence at the time this Agreement is executed, subject to applicable law.

Appears in 11 contracts

Samples: Performance Share Unit Award Agreement (Marriott International Inc /Md/), Mi Shares Agreement (Marriott International Inc /Md/), Stock Appreciation Rights Agreement (Marriott International Inc /Md/)

No Effect on Employment. This agreement Agreement is not a contract of employment or otherwise a limitation on the right of the Company to terminate the employment of Employee Participant or to increase or decrease EmployeeParticipant’s compensation from the rate of compensation in existence at the time this Agreement is executed, subject to applicable law.

Appears in 3 contracts

Samples: Stock and Cash Incentive Plan (Marriott International Inc /Md/), Stock and Cash Incentive Plan (Marriott International Inc /Md/), Stock and Cash Incentive Plan (Marriott International Inc /Md/)

No Effect on Employment. This agreement is Agreement does not constitute a contract of employment or otherwise a limitation consultancy or impose on either the right of Employee, the Company Employer or the Company, its or their subsidiaries or its or their successors any obligation to terminate retain the employment of Employee as an employee, consultant or to increase director. This Agreement does not amend or decrease vary the Employee’s compensation from the rate contract of compensation in existence at the time this Agreement is executedemployment.

Appears in 2 contracts

Samples: Participation Agreement, Participation Agreement (Mavenir Systems Inc)

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No Effect on Employment. This agreement is Agreement does not constitute a contract of employment or otherwise a limitation consultancy or impose on either the right Employee or the Company, its subsidiaries or its successor any obligation to retain the Employee as an employee, consultant or director. This Agreement does not change the status of the Employee as an employee at will, the policies of the Company to terminate the employment regarding termination of Employee or to increase or decrease Employee’s compensation from the rate of compensation in existence at the time this Agreement is executedemployment, nor guarantee further continuing employment.

Appears in 2 contracts

Samples: Participation Agreement (Mavenir Systems Inc), Participation Agreement (Mavenir Systems Inc)

No Effect on Employment. This agreement Agreement is not a contract of employment or otherwise a limitation on the right of the Company to terminate the employment of Employee or to increase or decrease Employee’s compensation from the rate of compensation in existence at the time this Agreement is executed., subject to applicable law. 16. Additional (Non-U.S.)

Appears in 1 contract

Samples: Agreement

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