Retention of Company’s Rights. When you sign this Agreement, you will also be deemed to agree that nothing in this Agreement or in the fact that we have awarded you the Restricted Shares (i) entitles you to remain employed by the Company for any period of time or to continue to receive your present (or any other) rate of compensation, (ii) affect our right to terminate your employment at any time and for any reason, (iii) give you the right to be selected at any time for future awards of Restricted Shares or option grants, or (iv) provide for any adjustment to the number of Restricted Shares upon the occurrence of any events except as described in Paragraph 4 below.
Appears in 2 contracts
Samples: Restricted Stock Agreement (Allegiance Telecom Inc), Restricted Stock Agreement (Allegiance Telecom Inc)
Retention of Company’s Rights. When you sign this Agreement, you will also be deemed to agree that nothing in this Agreement or in the fact that we have awarded you the Restricted Shares (i) entitles you to remain employed by the Company for any period of time or to continue to receive your present (or any other) rate of compensation, (ii) affect our right to terminate your employment at any time and for any reason, (iii) give you the right to be selected at any time for future awards of Restricted Shares or option grants, or (iv) provide for any adjustment to the number of Restricted Shares upon the occurrence of any events except as described in Paragraph 4 3 below.
Appears in 1 contract
Samples: Restricted Stock Agreement (Allegiance Telecom Inc)
Retention of Company’s Rights. When you sign this Agreement, you will also be deemed to agree that nothing in this Agreement or in the fact that we have awarded you the Restricted Shares (i) entitles you to remain employed by a director of the Company for any period of time or to continue to receive your present (or any other) rate of compensation, (ii) affect our right to terminate the term of your employment at any time and for any reasonBoard membership, (iii) give you the right to be selected at any time for future awards of Restricted Shares or option grants, or (iv) provide for any adjustment to the number of Restricted Shares upon the occurrence of any events except as described in Paragraph 4 below.
Appears in 1 contract
Samples: Restricted Stock Agreement (Allegiance Telecom Inc)
Retention of Company’s Rights. When you sign this Agreement, you will also be deemed to agree that nothing in this Agreement or in the fact that we have awarded you the Restricted Shares (i) entitles you to remain [employed by by] [a director of] the Company for any period of time or to continue to receive your present (or any other) rate of compensation, (ii) affect [our right to terminate your employment at any time and for any reason] [the term of your Board membership], (iii) give you the right to be selected at any time for future awards of Restricted Shares or option grants, or (iv) provide for any adjustment to the number of Restricted Shares upon the occurrence of any events except as described in Paragraph 4 below.
Appears in 1 contract
Samples: Restricted Stock Agreement (Allegiance Telecom Inc)