No Right to Employment. The grant of the Option shall not be construed as giving Optionee the right to be retained in the employ of, or as giving a director of the Corporation or a Subsidiary (as defined in the Plan) the right to continue as a director of the Corporation or a Subsidiary, nor will it affect in any way the right of the Corporation or a Subsidiary to terminate such employment or position at any time, with or without cause. In addition, the Corporation or Subsidiary may at any time dismiss Optionee from employment, or terminate the term of a director of the Corporation or a Subsidiary, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation or any Subsidiary, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation or a Subsidiary. The Option granted hereunder shall not form any part of the wages or salary of Optionee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation or any Subsidiary be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 17 contracts
Samples: Non Qualified Stock Option Agreement (Deep Well Oil & Gas Inc), Non Qualified Stock Option Agreement (Deep Well Oil & Gas Inc), Non Qualified Stock Option Agreement (Deep Well Oil & Gas Inc)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee the right to be retained in the employ of, or as giving if Optionee is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Optionee the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 17 contracts
Samples: Incentive Stock Option Agreement (Iteris, Inc.), Non Incentive Stock Option Agreement (Irvine Sensors Corp/De/), Non Incentive Stock Option Agreement (Irvine Sensors Corp/De/)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Employee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 11 contracts
Samples: Non Incentive Stock Option Agreement (Natures Sunshine Products Inc), Non Incentive Stock Option Agreement (Natures Sunshine Products Inc), Non Incentive Stock Option Agreement (Natures Sunshine Products Inc)
No Right to Employment. The grant issuance of the Option Performance Units or the Shares shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) the right to continue as a director of the Corporation or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causeCause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation or a Subsidiary, employment free from any liability or any claim under the Plan or the Award Agreement. Nothing in the Award Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Award Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Award Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 9 contracts
Samples: Performance Unit Award Agreement (Mosaic Co), TSR Performance Unit Award Agreement (Mosaic Co), Performance Unit Award Agreement (Mosaic Co)
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 8 contracts
Samples: Restricted Stock Unit Award Agreement (Profire Energy Inc), Restricted Stock Unit Award Agreement (Profire Energy Inc), Restricted Stock Unit Award Agreement (Profire Energy Inc)
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 7 contracts
Samples: Restricted Stock Unit Award Agreement (Profire Energy Inc), Restricted Stock Unit Award Agreement (Profire Energy Inc), Restricted Stock Unit Award Agreement (Profire Energy Inc)
No Right to Employment. The grant issuance of the Option Performance Units shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) the right to continue as a director of the Corporation or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causeCause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation or a Subsidiary, employment free from any liability or any claim under the Plan or the Award Agreement. Nothing in the Award Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Award Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Award Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 7 contracts
Samples: Cash Settled TSR Performance Unit Award Agreement (Mosaic Co), Cash Settled TSR Performance Unit Award Agreement (Mosaic Co), Cash Settled TSR Performance Unit Award Agreement (Mosaic Co)
No Right to Employment. The grant issuance of the Option RSUs or the Shares shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) the right to continue as a director of the Corporation or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causeCause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation or a Subsidiary, employment free from any liability or any claim under the Plan or the Award Agreement. Nothing in the Award Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Award Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Award Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 6 contracts
Samples: Global Restricted Stock Unit Award Agreement (Mosaic Co), Global Restricted Stock Unit Award Agreement (Mosaic Co), Restricted Stock Unit Award Agreement (Mosaic Co)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Employee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (Uroplasty Inc), Incentive Stock Option Agreement (Aemetis, Inc), Incentive Stock Option Agreement (Aemetis, Inc)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) the right to continue as a director of the Corporation or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation or a Subsidiary, employment free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Mosaic Co), Non Qualified Stock Option Agreement (Mosaic Co), Non Qualified Stock Option Agreement (Mosaic Co)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiary, nor will it affect in any way the right of the Corporation Company or a Subsidiary to terminate such employment or position at any time, with or without causecause if otherwise permitted by law. In addition, the Corporation Company or a Subsidiary may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a SubsidiarySubsidiary if otherwise permitted by law, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any Subsidiary, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiary. The Option granted hereunder Shares shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 5 contracts
Samples: Restricted Stock Award Agreement (Verso Technologies Inc), Restricted Stock Award Agreement (Verso Technologies Inc), Restricted Stock Award Agreement (Verso Technologies Inc)
No Right to Employment. The grant of the Option this Stock Award shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Stock Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 4 contracts
Samples: Stock Award Agreement (CombiMatrix Corp), Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.), Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Employee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causecause or remove a Director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 4 contracts
Samples: Non Incentive Stock Option Agreement (Kodiak Oil & Gas Corp), Incentive Stock Option Agreement (Kodiak Oil & Gas Corp), Non Incentive Stock Option Agreement (Kodiak Oil & Gas Corp)
No Right to Employment. The grant of the Option this Stock Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofof the Company or any Affiliate, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Stock Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Cyberoptics Corp), Stock Award Agreement (Cyberoptics Corp), Stock Award Agreement (SoftBrands, Inc.)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Grantee the right to be retained in the employ of, or as giving if Grantee is a director of the Corporation Company or a Subsidiary (an affiliate, as defined in giving the Plan) Grantee the right to continue as a director of the Corporation Company or a Subsidiaryan affiliate of the Company, nor will it affect in any way the right of the Corporation Company or a Subsidiary an affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an affiliate may at any time dismiss Optionee Grantee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any Subsidiaryaffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Grantee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Grantee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 3 contracts
Samples: Stock Option Agreement (Hireright Inc), Stock Option Agreement (Hireright Inc), Stock Option Agreement (Hireright Inc)
No Right to Employment. The grant of the Option SAR shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option SAR granted hereunder under this Agreement shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 2 contracts
Samples: Stock Appreciation Rights Agreement (Irvine Sensors Corp/De/), Stock Appreciation Rights Agreement (Irvine Sensors Corp/De/)
No Right to Employment. The grant issuance of the Option Restricted Shares shall not be construed as giving Optionee Employee the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Award Agreement. Nothing in the Award Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Award Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Award Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Alerus Financial Corp), Restricted Stock Award Agreement (Alerus Financial Corp)
No Right to Employment. The grant issuance of this Award, the Option Units or any Shares hereunder shall not be construed as giving Optionee Employee the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Award Agreement. Nothing in the this Award Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Award shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Award Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the this Award Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Alerus Financial Corp), Restricted Stock Unit Award Agreement (Alerus Financial Corp)
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, employment or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Profire Energy Inc), Restricted Stock Award Agreement (Profire Energy Inc)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee Optionholder the right to be retained in the employ of, or as giving if Optionholder is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Optionholder the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Optionholder from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee Optionholder for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Optionholder shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 2 contracts
Samples: Incentive Stock Option Agreement (Barnes James A), Non Statutory Stock Option Agreement (Barnes James A)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder Shares shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Irvine Sensors Corp/De/), Restricted Stock Award Agreement (Irvine Sensors Corp/De/)
No Right to Employment. The grant of the Option shall not be construed as giving Optionee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 2 contracts
Samples: Non Incentive Stock Option Agreement, Non Incentive Stock Option Agreement (Ensign Group, Inc)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Lawson Software Inc), Restricted Stock Award Agreement (Compex Technologies Inc)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the ofthe reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee ( as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Contact Gold Corp.)
No Right to Employment. The grant of the Option this Stock Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofof the Company or any Affiliate, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing this Agreement._Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Stock Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causecause or remove a Director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Kodiak Oil & Gas Corp)
No Right to Employment. The grant of the Option this Stock Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofof the Company or any Affiliate, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation The Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, whether for cause or without cause and regardless of the period of time left until this Stock Award would otherwise vest, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Stock Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company
101287414.1 0059466-00001 4 or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Profire Energy Inc)
No Right to Employment. The grant of the Option Stock Options shall not be construed as giving Optionee Employee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causecause or remove a Director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Stock Options granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Non Incentive Performance Based Stock Option Agreement (Kodiak Oil & Gas Corp)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemployment, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause, or remove a Director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Shares granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Employee the right to be retained in the employ ofemploy, or as giving a director of the Corporation or a Subsidiary (as defined in the Plan) an affiliate the right to continue as a director director, of the Corporation or a Subsidiaryan affiliate, nor will it affect in any way the right of the Corporation or a Subsidiary an affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation or Subsidiary an affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation or a Subsidiaryan affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation or any Subsidiaryaffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation or a Subsidiaryan affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation or any Subsidiary affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Rochester Medical Corporation)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causecause or remove a director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
No Right to Employment. The grant of the Option SAR shall not be construed as giving Optionee Participant the right to be retained in the employ ofof the Company or any Affiliate, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option SAR granted hereunder under this Agreement shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Stock Appreciation Rights Agreement (SoftBrands, Inc.)
No Right to Employment. The grant of the Option this Award shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, subject to the Corporation terms of Participant’s Employment Agreement with the Company, the Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Performance Cash Bonus Award Agreement (U.S. Auto Parts Network, Inc.)
No Right to Employment. The grant Neither the issuance of the Option Shares nor the Cash Election shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) any of its subsidiaries the right to continue as a director director, of the Corporation Company or a Subsidiaryany subsidiary, nor will it affect in any way the right of the Corporation Company or a Subsidiary its subsidiaries to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary its subsidiaries may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryany subsidiary, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any Subsidiarysubsidiary, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryany subsidiary. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary subsidiary be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Board or any Committee of the Board, as the case may be, and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Vascular Solutions Inc)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Ensign Group, Inc)
No Right to Employment. The grant of the Option this Stock Award shall not be construed as giving Optionee Participant the right to be retained in the employ of, or as giving if Participant is a director of the Corporation Company or a Subsidiary (an Affiliate as defined in giving the Plan) Participant the right to continue as a director of of, the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, subject to Section 2(b) above, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option granted hereunder This Stock Award shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or the Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the terms and conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Performance Restricted Stock Unit Award Agreement (U.S. Auto Parts Network, Inc.)
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without causeCause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (People's Utah Bancorp)
No Right to Employment. The grant issuance of the Option Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby. · Governing Law. The validity, construction and effect of the Plan and the Agreement, and any rules and regulations relating to the Plan and the Agreement, shall be determined in accordance with the internal laws, and not the law of conflicts, of the State of Nevada.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Profire Energy Inc)
No Right to Employment. The grant issuance of the Option Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) any of its subisidiaries the right to continue as a director director, of the Corporation Company or a Subsidiaryany subsidiary, nor will it affect in any way the right of the Corporation Company or a Subsidiary its subsidiaries to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary its subsidiaries may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryany subsidiary, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any Subsidiarysubsidiary, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryany subsidiary. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary subsidiary be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Board or any Committee of the Board, as the case may be, and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Vascular Solutions Inc)
No Right to Employment. The grant issuance of the Option Shares or this Agreement shall not be construed as giving Optionee Participant the right to be retained in the employ ofemploy, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee (as defined in the Plan) and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock Agreement (Hei Inc)
No Right to Employment. The grant of the Option SAR shall not be construed as giving Optionee Employee the right to be retained in the employ of, or as giving a director of the Corporation Company or a Subsidiary an Affiliate (as defined in the Plan) the right to continue as a director of the Corporation Company or a Subsidiaryan Affiliate with, the Company or an Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Employee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option SAR granted hereunder shall not form any part of the wages or salary of Optionee Employee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Employee shall be deemed to have accepted all the conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Stock Appreciation Rights Agreement (Apogee Enterprises Inc)
No Right to Employment. The grant issuance of the Option Shares and Cash Award shall not be construed as giving Optionee Participant the right to be retained in the employ ofemployment, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause, or remove a Director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the Agreement. Nothing in the Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Shares and Cash Award granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
Samples: Restricted Stock and Cash Award Agreement (Kodiak Oil & Gas Corp)
No Right to Employment. The grant issuance of the Option Restricted Shares shall not be construed as giving Optionee Participant the right to be retained in the employ ofemployment, or as giving a director of the Corporation Company or a Subsidiary (as defined in the Plan) an Affiliate the right to continue as a director director, of the Corporation Company or a Subsidiaryan Affiliate, nor will it affect in any way the right of the Corporation Company or a Subsidiary an Affiliate to terminate such employment or position at any time, with or without cause, or remove a director in accordance with applicable law. In addition, the Corporation Company or Subsidiary an Affiliate may at any time dismiss Optionee Participant from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan Affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any SubsidiaryAffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan Affiliate. The Option Restricted Shares granted hereunder shall not form any part of the wages or salary of Optionee Participant for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee of the Corporation Company or any Subsidiary Affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or Plan which such optionee employee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee Participant shall be deemed to have accepted all the conditions of the Plan and the this Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
No Right to Employment. The grant of the Option shall not be construed as giving Optionee the right to be retained in the employ of, of the Company or as giving of an affiliate or give the Optionee the right to be a director of the Corporation Company or a Subsidiary (as defined in the Plan) the right to continue as a director an affiliate of the Corporation or a SubsidiaryCompany, nor will it affect in any way the right of the Corporation Company or a Subsidiary an affiliate to terminate such employment or position at any time, with or without cause. In addition, the Corporation Company or Subsidiary an affiliate may at any time dismiss Optionee from employment, or terminate the term of a director of the Corporation Company or a Subsidiaryan affiliate, free from any liability or any claim under the Plan or the this Agreement. Nothing in the this Agreement shall confer on any person any legal or equitable right against the Corporation Company or any Subsidiaryaffiliate, directly or indirectly, or give rise to any cause of action at law or in equity against the Corporation Company or a Subsidiaryan affiliate. The Option granted hereunder shall not form any part of the wages or salary of Optionee for purposes of severance pay or termination indemnities, irrespective of the reason for termination of employment. Under no circumstances shall any person ceasing to be an employee Optionee of the Corporation Company or any Subsidiary affiliate be entitled to any compensation for any loss of any right or benefit under the this Agreement or Plan which such optionee Optionee might otherwise have enjoyed but for termination of employment, whether such compensation is claimed by way of damages for wrongful or unfair dismissal, breach of contract or otherwise. By participating in the Plan, Optionee shall be deemed to have accepted all the conditions of the Plan and the Agreement and the terms and conditions of any rules and regulations adopted by the Committee and shall be fully bound thereby.
Appears in 1 contract
