Common use of No Obligation of Employment Clause in Contracts

No Obligation of Employment. Employee understands that the employment relationship between Employee and Teradyne will be “at will” and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without “Cause” at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” at any time subject to Employee’s rights and Teradyne’s obligations specified in this Agreement.

Appears in 21 contracts

Samples: Executive Officer Change in Control Agreement (Teradyne, Inc), Executive Officer Change in Control Agreement (Teradyne, Inc), Executive Officer Change in Control Agreement (Teradyne, Inc)

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No Obligation of Employment. Employee understands that the --------------------------- employment relationship between Employee and Teradyne will be "at will" and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without "Cause" at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” "cause" at any time subject to Employee’s 's rights and Teradyne’s 's obligations specified in this Agreement.

Appears in 9 contracts

Samples: Control Agreement (Teradyne Inc), Control Agreement (Teradyne Inc), Control Agreement (Teradyne Inc)

No Obligation of Employment. Employee understands that the employment relationship between Employee and Teradyne will be “at will” and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without “Cause” at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” at any time subject to Employee’s rights and Teradyne’s obligations specified in this Agreement.

Appears in 3 contracts

Samples: Executive Officer Change in Control Agreement (Teradyne Inc), Executive Officer Change in Control Agreement (Teradyne Inc), Executive Officer Change in Control Agreement (Teradyne Inc)

No Obligation of Employment. Employee understands that the employment relationship between Employee and Teradyne Xxxxxxxx will be “at will” and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without “Cause” at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” at any time subject to Employee’s rights and TeradyneXxxxxxxx’s obligations specified in this Agreement.

Appears in 2 contracts

Samples: Executive Officer Change in Control Agreement (Teradyne, Inc), Executive Officer Change in Control Agreement (Teradyne, Inc)

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No Obligation of Employment. Employee understands that the employment relationship between Employee and Teradyne will be "at will" and Employee understands that, prior to any Change in Control, Teradyne may terminate Employee with or without "Cause" at any time, including in contemplation of a Change in Control. Following any Change in Control, Teradyne may also terminate Employee with or without “Cause” "cause" at any time subject to Employee’s 's rights and Teradyne’s 's obligations specified in this Agreement.

Appears in 1 contract

Samples: Control Agreement (Teradyne Inc)

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