Common use of No Right of Employment; Forfeiture of Award; No Right to Future Awards Clause in Contracts

No Right of Employment; Forfeiture of Award; No Right to Future Awards. Neither the Plan, this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ of the Company or an Affiliate or interfere in any way with the right of the Company or an Affiliate to terminate the Participant’s employment at any time. Except as otherwise provided in the Plan or this Agreement, all rights of the Participant with respect to the unvested portion of the Award shall terminate upon termination of the Participant’s employment with the Company or an Affiliate. The grant of the Award does not create any obligation to grant further awards.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Old Dominion Freight Line, Inc.), Restricted Stock Unit Agreement (Old Dominion Freight Line, Inc.), Restricted Stock Unit Agreement (Old Dominion Freight Line Inc/Va)

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