No Right to Retention Sample Clauses
No Right to Retention. This Agreement shall not entitle the Employee to any right or claim to be employed or retained by the Corporation or any subsidiary thereof or limit the right of the Corporation or any subsidiary thereof to terminate the Employee's employment with the Corporation or any subsidiary thereof or to change the terms of such employment.
No Right to Retention. Nothing contained in this Agreement shall be construed as giving the Participant any right to be retained, in any position, as an employee, consultant, or director of the Company or its Affiliates or shall interfere with or restrict in any way the right of the Company or its Affiliates, which are hereby expressly reserved, to remove, terminate or discharge the Participant with or without Cause at any time for any reason whatsoever. For purposes of this Agreement, the continuous employment of the Participant with the Company and its Affiliates shall not be deemed to have been interrupted, and the Participant shall not be deemed to have ceased to be an employee of the Company and its Affiliates, by reason of the transfer of the Participant’s employment among the Company and its Affiliates or a leave of absence approved by the Committee.
No Right to Retention. The issuance of the Shares shall not be construed as giving Participant the right to continue to serve as a non-employee director on the Board of Directors of the Company, nor will it affect in any way the right of the Board to eliminate such position or remove the Participant from the Board, pursuant to the Bylaws of the Company or otherwise in accordance with applicable law, free from any liability or any claim under the Plan or this Agreement against the Company or any member of the Board. Nothing in this Agreement shall confer on any person any legal or equitable right against the Company or any member of the Board, directly or indirectly, or give rise to any cause of action at law or in equity against the Company or a member of the Board. The award covering the Shares granted hereunder shall not form any part of the consideration, compensation of fees of Participant for purposes of indemnities, irrespective of the reason for removal. Under no circumstances shall Participant be entitled to any compensation for any loss of any right or benefit under the Agreement or Plan which such Participant might otherwise have enjoyed but for removal as a director, whether such compensation is claimed by way of damages for breach of contract or otherwise. By entering into this Agreement, Participant shall participate in the Plan and be deemed to have accepted all the conditions of the Plan 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.
No Right to Retention. Neither the Plan, nor any Award granted pursuant to the Plan, is a contract or agreement that the Partnership will continue the employment or retain the services of any Participant for any period of time.