Common use of Plan Not an Employment Contract Clause in Contracts

Plan Not an Employment Contract. The maintenance of the Plan and the Trust is not a contract between any Employer and its Employees which gives any Employee the right to be retained in its employment. Likewise, it is not intended to interfere with the rights of any Employer to discharge any Employee at any time or to interfere with the Employee's right to terminate his employment at any time.

Appears in 12 contracts

Samples: 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Savings Investment Plan (Xanser Corp), Employee Savings Plan (Quanex Corp)

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Plan Not an Employment Contract. The maintenance of the Plan and the Trust is not a contract between any Employer and its Employees which gives any Employee the right to be retained in its employment. Likewise, it is not intended to interfere with the rights of any Employer to discharge any Employee at any time or to interfere with the Employee's ’s right to terminate his employment at any time.

Appears in 7 contracts

Samples: 401(k) Savings Investment Plan (Furmanite Corp), 401(k) Savings Plan (Mens Wearhouse Inc), 401(k) Savings Investment Plan Amendment (Furmanite Corp)

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