Plan Not an Employment Contract. The adoption and continuance of this Plan by the Employer (or Participating Employer) shall not be deemed to constitute a contract of employment between the Employer (or Participating Employer) and any Participant, Employee or other person; nor shall it be deemed to be consideration for, inducement to, or a condition of employment of any person.
Appears in 5 contracts
Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), 401(k) Plan Document (Metals Usa Inc), Adoption Agreement (Sonic Corp)
Plan Not an Employment Contract. The adoption and continuance maintenance of this the Plan by the Employer (or Participating Employer) shall not be deemed to constitute a contract of employment between the Employer (or Participating Employer) Company and any Participant, Employee employee or other person; nor shall it be deemed Participant or to be a consideration for, for or an inducement to, to or a condition of employment of any person. Nothing herein contained shall be construed to give any employee or Participant the right to be retained in the employment of the Company or to interfere with the right of the Company to terminate the employment of an employee or Participant at any time.
Appears in 3 contracts
Samples: Trust Agreement (Radioshack Corp), Trust Agreement (Radioshack Corp), Trust Agreement (Radioshack Corp)
