No Employment Obligation. This Award Agreement is not an employment contract, express or implied, and no provision of this Award Agreement shall impose upon the Company or any Affiliate any obligation to employ or continue to employ, or utilize the services of, the Recipient. The right of the Company or any Affiliate to terminate the employment of the Recipient shall not be diminished or affected by reason of the fact that the Restricted Shares have been granted to the Recipient, and nothing in the Plan or this Award Agreement shall interfere with or limit in any way the right of the Company or its Affiliates to terminate any employee’s employment at any time or for any reason not prohibited by law.
Appears in 5 contracts
Samples: Performance Based Restricted Stock Award Agreement, Performance Based Restricted Stock Award Agreement (Rex Energy Corp), Restricted Stock Award Agreement (Rex Energy Corp)
No Employment Obligation. This Award Agreement is not an employment contract, express or implied, and no provision of this Award Agreement shall impose upon the Company or any Affiliate any obligation to employ or continue to employ, or utilize the services of, the RecipientEmployee. The right of the Company or any Affiliate to terminate the employment of the Recipient Employee shall not be diminished or affected by reason of the fact that the Restricted Shares have Option has been granted to the RecipientEmployee, and nothing in the Plan or this Award Agreement shall interfere with or limit in any way the right of the Company or its Affiliates to terminate any employee’s employment at any time or for any reason not prohibited by law.
Appears in 1 contract
Samples: Nonqualified Stock Option Agreement (Rex Energy Corp)
