Common use of Rights of Participants Clause in Contracts

Rights of Participants. Except as expressly provided herein, nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Participant’s employment at any time (with or without Cause), nor confer upon the Participant any right to continue in the employ of the Company or any Subsidiary for any period of time or to continue his present (or any other) rate of compensation, and, in the event of cessation of Participant as an employee of the Company and its Subsidiaries, the Option, if not previously vested and exercisable, will be forfeited. Nothing in this Agreement shall confer upon the Participant any right to be selected again as a Plan participant.

Appears in 6 contracts

Samples: Stock Option Agreement (CHG Healthcare Services, Inc.), Stock Option Agreement (CHG Healthcare Services, Inc.), Stock Option Agreement (CHG Healthcare Services, Inc.)

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Rights of Participants. Except as expressly provided herein, nothing Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Participant’s your employment at any time (with or without Cause), nor confer upon the Participant you any right to continue in the employ of the Company or any Subsidiary for any period of time or to continue his your present (or any other) rate of compensation, and, and in the event of cessation your termination of Participant as an employee of employment (including, but not limited to, termination by the Company and its Subsidiaries, the Option, if without Cause) any portion of your Option that was not previously vested and exercisable, will exercisable shall be forfeited. Nothing in this Agreement shall confer upon the Participant you any right to be selected again as a Plan participantparticipant or to be selected as a participant or beneficiary of any other Company plan or program, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in paragraph 12 below.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Symmetry Medical Inc.), Nonqualified Stock Option Agreement (Symmetry Medical Inc.)

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Rights of Participants. Except as expressly provided herein, nothing Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary to terminate the Participant’s your employment or relationship as a Service Provider at any time (with or without Cause), nor confer upon the Participant you any right to continue in the employ of the Company or any Subsidiary as a Service Provider for any period of time or to continue his your present (or any other) rate of compensation, and, and in the event of cessation your termination of Participant employment or relationship as an employee of a Service Provider (including, but not limited to, termination by the Company and its Subsidiaries, the Option, if without Cause) any portion of your Option that was not previously vested and exercisable, will exercisable shall be forfeited. Nothing in this Agreement shall confer upon the Participant you any right to be selected again as a Plan participant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of Option Shares subject to your Option upon the occurrence of subsequent events except as provided in paragraph 11 below.

Appears in 2 contracts

Samples: Iso Stock Option Agreement (Soundbite Communications Inc), Stock Option Agreement (Soundbite Communications Inc)

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