Common use of Rights of Optionee Clause in Contracts

Rights of Optionee. Nothing in this Agreement shall interfere ------------------ with or limit in any way the right of the Company to terminate the Optionee's employment at any time (with or without cause), nor confer upon the Optionee any right to continue in the employ of the Company for any period of time or to continue his or her present (or any other) rate of compensation.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Exide Corp), Nonqualified Stock Option Agreement (Exide Corp)

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Rights of Optionee. Nothing in this Agreement shall interfere ------------------ with or limit in any way the right of the Company Partnership Group to terminate the Optionee's employment ’s Employment at any time (with or without causeCause), nor confer upon the Optionee any right to continue in the employ of the Company Partnership Group for any period of time or to continue his or her Optionee’s present (or any other) rate of compensation. Nothing in this Agreement shall interfere with or limit in any way the right of Optionee to cease Optionee’s Employment with the Partnership Group at any time.

Appears in 2 contracts

Samples: Option Grant Agreement (First Advantage Corp), Option Grant Agreement (First Advantage Corp)

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Rights of Optionee. Nothing in this Agreement shall interfere ------------------ with or limit in any way the right of the Company to terminate the Optionee's your employment at any time (with or without causeCause), nor confer upon the Optionee you any right to continue in the employ of the Company for any period of time or to continue his or her your present (or any other) rate of compensation, and in the event of your termination of employment (including, but not limited to, your termination of employment by the Company without Cause) any portion of your Option that was not previously vested and exercisable will be forfeited.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Hbo & Co)

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