Common use of No Effect on Employment Clause in Contracts

No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or any Subsidiary or Affiliate to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or any Subsidiary or Affiliate.

Appears in 7 contracts

Samples: Stock Unit Agreement (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)

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No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or Parent, any Subsidiary or Affiliate to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or Parent, any Subsidiary or Affiliate.

Appears in 4 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Restricted Stock Unit Agreement (Vmware, Inc.)

No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or any Subsidiary or Affiliate right to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any pay additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or any Subsidiary or AffiliateSubsidiary.

Appears in 4 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Psu Agreement (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)

No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or any Subsidiary or Affiliate right to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any pay additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or any Subsidiary or Affiliate.

Appears in 3 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.), Vmware, Inc.

No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or Parent, any Subsidiary or Affiliate right to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any pay additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or Parent, any Subsidiary or Affiliate.

Appears in 2 contracts

Samples: Equity and Incentive Plan (Vmware, Inc.), Equity and Incentive Plan (Vmware, Inc.)

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No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent or Parent, and any Subsidiary or Affiliate to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent or Parent, and any Subsidiary or Affiliate.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Vmware, Inc.), Restricted Stock Unit Agreement (Vmware, Inc.)

No Effect on Employment. The transactions contemplated hereunder and the vesting schedule set forth in the Notice of Grant do not: (i) constitute an express or implied promise of continued employment for any period of time, (ii) interfere with right of the Company, the Parent Company or any Subsidiary or Affiliate to terminate the Participant’s employment at any time in accordance with applicable law, or (iii) entitle the Participant to any additional rights under the Plan or under any other welfare or benefit plan of the Company, the Parent Company or any Subsidiary or Affiliate.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (Vmware, Inc.)

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