Common use of No Guarantee of Continued Employment Clause in Contracts

No Guarantee of Continued Employment. Awardee acknowledges and agrees that this Award Agreement and the transactions it contemplates do not constitute an express or implied promise of continued employment by the Company or his or her Employer for any period or at all and shall not interfere with Awardee’s right or the Company’s or the Employer’s right to terminate Awardee’s employment relationship at any time, with or without cause. Awardee further acknowledges and agrees that this Award, and Awardee’s right to receive Shares, will terminate in accordance with the terms of this Award Agreement and the Plan if Awardee ceases to provide services to the Company or its Subsidiaries or Affiliates as an employee or consultant.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Perot Systems Corp), Restricted Stock Unit Agreement (Perot Systems Corp), Restricted Stock Unit Agreement (Perot Systems Corp)

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No Guarantee of Continued Employment. Awardee acknowledges and agrees that this Award Agreement and the transactions it contemplates do not constitute an express or implied promise of continued employment by the Company or his or her Employer for any period or at all and shall not interfere with Awardee’s right or the Company’s or the Employer’s right to terminate Awardee’s employment relationship at any time, with or without cause. Awardee further acknowledges and agrees that this AwardOption, and Awardee’s right ability to receive purchase Shares, will terminate in accordance with the terms of this Award Agreement and the Plan if Awardee ceases to provide services to the Company or its Subsidiaries or Affiliates as an employee or consultant.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Perot Systems Corp), Nonstatutory Stock Option Agreement (Perot Systems Corp)

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No Guarantee of Continued Employment. Awardee acknowledges and agrees that this Award Agreement and the transactions it contemplates do not constitute an express or implied promise of continued employment by the Company or his or her Employer for any period or at all and shall not interfere with Awardee’s right or the Company’s or the Employer’s right to terminate Awardee’s employment relationship at any time, with or without cause. Awardee further acknowledges and agrees that this AwardSAR, and Awardee’s right ability to receive Sharesacquire one or more Vested Shares hereunder, will terminate in accordance with the terms of this Award Agreement and the Plan if Awardee ceases to provide services to the Company or its Subsidiaries or Affiliates as an employee or consultant.

Appears in 1 contract

Samples: Stock Settled Stock Appreciation Right Agreement (Perot Systems Corp)

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