Common use of Rights of Participants Clause in Contracts

Rights of Participants. Neither this Agreement nor the Plan creates any employment rights in Grantee and neither the Company nor any of its Subsidiaries shall have any liability arising out of the Plan or this Agreement for terminating Grantee's employment or reducing Grantee's responsibilities.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Mattress Discounters Corp), Nonqualified Stock Option Agreement (Bedding Experts Inc), Nonqualified Stock Option Agreement (Bedding Experts Inc)

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Rights of Participants. Neither this Agreement nor the Plan creates any employment rights in Grantee and neither the Company nor any of its Subsidiaries shall have any liability arising out of the Plan or this Agreement for terminating Grantee's ’s employment or reducing Grantee's ’s responsibilities.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Sealy Corp)

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Rights of Participants. Neither this Agreement nor the Plan creates any employment rights in Grantee and neither the Company nor any of its Subsidiaries shall have any no liability arising out of the Plan or this Agreement hereunder for terminating Grantee's employment or materially reducing Grantee's responsibilities.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (McMS Inc)

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