No Employment Commitment. Grantee acknowledges that neither the grant of this Option nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine.
Appears in 5 contracts
Samples: Nonstatutory Stock Option Grant Agreement (Gexa Corp), Nonstatutory Stock Option Grant Agreement (Gexa Corp), Incentive Stock Option Grant Agreement (Mission Resources Corp)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option performance shares nor the execution of this Agreement by the Company shall will be interpreted or construed as imposing upon the Company an any obligation to retain his Grantee’s services on behalf of the Company or its affiliates for any stated period of time, which employment shall will continue to be at the pleasure of the Company at such compensation as it shall determinedetermines, unless otherwise provided in a written employment agreement signed by the Company and Grantee.
Appears in 4 contracts
Samples: Stock Award Agreement (Xto Energy Inc), Stock Award Agreement (Xto Energy Inc), Stock Award Agreement (Xto Energy Inc)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option options nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his Grantee's services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 4 contracts
Samples: Award Agreement (Cross Timbers Oil Co), Award Agreement (Cross Timbers Oil Co), Award Agreement (Cross Timbers Oil Co)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option option nor the execution of this Agreement by the Company shall will be interpreted or construed as imposing upon the Company an any obligation to retain his Grantee’s services on behalf of the Company or its affiliates for any stated period of time, which employment shall will continue to be at the pleasure of the Company at such compensation as it shall determinedetermines, unless otherwise provided in a written employment agreement signed by the Company and Grantee.
Appears in 3 contracts
Samples: Nonqualified Stock Option Agreement (Xto Energy Inc), Nonqualified Stock Option Agreement (Xto Energy Inc), Nonqualified Stock Option Agreement (Xto Energy Inc)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option the options nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at as provided in the pleasure of the Company at such compensation as it shall determineEmployment Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Mission Resources Corp), Employment Agreement (Mission Resources Corp)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which and the period of his employment shall continue be subject to be at the pleasure of the Company at such compensation as it shall determineEmployment Agreement.
Appears in 2 contracts
Samples: Nonstatutory Stock Option Grant Agreement (Mission Resources Corp), Nonstatutory Stock Option Grant Agreement (Mission Resources Corp)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option restricted shares nor the execution of this Agreement by the Company shall will be interpreted or construed as imposing upon the Company an any obligation to retain his Grantee’s services on behalf of the Company or its affiliates for any stated period of time, which employment shall will continue to be at the pleasure of the Company at such compensation as it shall determinedetermines, unless otherwise provided in a written employment agreement signed by the Company and Grantee.
Appears in 2 contracts
Samples: Stock Award Agreement (Xto Energy Inc), Stock Award Agreement (Xto Energy Inc)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option the Options nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 2 contracts
Samples: Award Agreement (Vaalco Energy Inc /De/), Award Agreement (Vaalco Energy Inc /De/)
No Employment Commitment. Grantee acknowledges that neither the grant of this the Option nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 1 contract
Samples: Nonqualified Stock Option Award Agreement (Callon Petroleum Co)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option options nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 1 contract
No Employment Commitment. Grantee acknowledges that neither the grant of this Option Time Shares, Performance Shares and if applicable, Adjusted Performance Shares nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 1 contract
Samples: Performance Share Award Agreement (Callon Petroleum Co)
No Employment Commitment. Grantee acknowledges that neither the grant of this Option options nor the execution of this Agreement by the Company shall be interpreted or construed as imposing upon the Company an obligation to retain his her services on behalf of the Company or its affiliates for any stated period of time, which employment shall continue to be at the pleasure of the Company at such compensation as it shall determine, unless otherwise provided in a written employment agreement.
Appears in 1 contract
Samples: Stock Option Plan (Nuevo Energy Co)
