No Right to Employment Contract Clauses (615)

Grouped Into 24 Collections of Similar Clauses From Business Contracts

This page contains No Right to Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
No Right to Employment. No person shall have any claim or right to be granted an Award. The Holder is an employee-at-will (that is to say that either the Holder or the Company or any Affiliate may terminate the employment relationship at any time for any reason or no reason at all) unless, and only to the extent, provided in a written employment agreement for a specified term executed by the chief executive officer of the Company or his duly authorized designee or the authorized signatory of any Affiliate. Neither the ...adoption, maintenance, nor operation of the Plan nor any Award thereunder shall confer upon the Holder any right with respect to the continuance of his or her employment by the Company or any such Affiliate nor shall they interfere with the right of the Company (or Affiliate) to terminate the Holder at any time or otherwise change the terms of employment, including, without limitation, the right to promote, demote or otherwise re-assign the Holder from one position to another within the Company or any Affiliate.11. Effect of Death or Disability. Notwithstanding anything to the contrary in any agreement between the Holder and the Company, including any Executive Agreement that provides for certain treatment of outstanding equity in connection with the Holder's death or disability, this Section 12 rather than the provisions of any such agreement shall control with respect to this Award in the event of Holder's death or disability. In the event of Holder's death or Disability (as such term may be defined in such an agreement), (i) the performance criteria applicable to this Award shall be deemed to have been met at the Target level for each of the open performance measurement periods and any RSUs that could have been earned in excess of the Target RSUs shall automatically be cancelled, and (ii) all of the unvested Target RSUs shall immediately become vested and distributable in full. View More Arrow
Found in PTC Inc contract
No Right to Employment. No person shall have any claim or right to be granted an Award. The Holder is an employee-at-will (that is to say that either the Holder or the Company or any Affiliate may terminate the employment relationship at any time for any reason or no reason at all) unless, and only to the extent, provided in a written employment agreement for a specified term executed by the chief executive officer of the Company or his duly authorized designee or the authorized signatory of any Affiliate. Neither the ...adoption, maintenance, nor operation of the Plan nor any Award thereunder shall confer upon the Holder any right with respect to the continuance of his or her employment by the Company or any such Affiliate nor shall they interfere with the right of the Company (or Affiliate) to terminate the Holder at any time or otherwise change the terms of employment, including, without limitation, the right to promote, demote or otherwise re-assign the Holder from one position to another within the Company or any Affiliate.11. Cancellation of Award; Recoupment of Amounts Realized. The Holder agrees that, pursuant to the Company's Executive Compensation Recoupment Policy as in effect on the date of this Award (the "Policy"), the Company may (a) cancel this Award and all or any portion of the Restricted Stock Units, (b) reacquire for any or no consideration all or any portion of the Shares following issuance (if such Shares are then held by the Holder or any person to whom the Holder transferred Shares other than for fair market value (a "Covered Transferee")), and/or (c) recoup any amounts realized by the Holder and/or any Covered Transferee with respect to the Shares. The Holder agrees that he or she will, promptly upon request by the Company pursuant to the Policy, (x) return to the Company for cancellation any certificate representing the Shares and/or (y) pay to the Company up to the total amount realized by the Holder and/or any Covered Transferee with respect to the Shares, and that the Company and/or any of its affiliates may, to the extent permitted by law, deduct any such amount from any payment of any kind due to the Holder. All determinations by the Committee hereunder shall be final and binding on all interested parties. Any dispute with respect to the terms of this Award or any such recoupment shall be resolved by confidential, binding arbitration in Boston, Massachusetts before the American Arbitration Association, under its Commercial Arbitration Rules.12. Effect of Death or Disability. Notwithstanding anything to the contrary in any agreement between the Holder and the Company, including any Executive Agreement that provides for certain treatment of outstanding equity in connection with the Holder's death or disability, this Section 12 rather than the provisions of any such agreement shall control with respect to this Award in the event of Holder's death or disability. In the event of Holder's death or Disability (as such term may be defined in such an agreement), (i) the performance criteria applicable to this Award shall be deemed to have been met at the Target level for each of the open performance measurement periods and any RSUs that could have been earned in excess of the Target RSUs shall automatically be cancelled, and (ii) all of the unvested Target RSUs shall immediately become vested and distributable in full. View More Arrow
Found in PTC Inc contract
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No Right to Employment. The grant of an Award under the 2015 Incentive Program shall not be construed as giving a Participant the right to be retained in the employ of the Corporation. 2 7. No Trust or Fund Created. Neither the 2015 Incentive Program nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Corporation and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Corporation purs...uant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Corporation. View More Arrow
Found in National Commerce Corp contract
No Right to Employment. The grant of an Award under the 2015 2013 Incentive Program shall not be construed as giving a Participant the right to be retained in the employ of the Corporation. 2 7. No Trust or Fund Created. Neither the 2015 2013 Incentive Program nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Corporation and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Corpor...ation pursuant to an Award, such right shall be no greater than the right of any unsecured general creditor of the Corporation. View More Arrow
Found in Computer Programs and Systems, Inc. contract
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No Right to Employment. Nothing in the Plan or the Stock Unit Agreement shall be construed as creating any right in the Participant to continued employment or as altering or amending the existing terms and conditions of employment of the Participant except as otherwise specifically provided in the Stock Unit Agreement.
Found in Northern Trust Corp. contract
No Right to Employment. Nothing in the Plan or the Stock Unit Award Agreement shall be construed as creating any right in the Participant to continued employment or as altering or amending the existing terms and conditions of employment of the Participant except as otherwise specifically provided in the Stock Unit Award Agreement.
Found in Northern Trust Corp. contract
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No Right to Employment. Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Nothing in this Agreement confers upon you the right to continue in the employ of or performing services for the Company or any Subsidiary, or interfere in any way with the rights of the Company or any Subsidiary to terminate your employment or service relationship at any time, subject to any employment agreement or other service agreeme...nt in effect between the Company and the Participant. View More Arrow
Found in Midstates Petroleum Company, Inc. contract
No Right to Employment. Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee. Administrator. Nothing in this Agreement confers upon you the Participant the right to continue in the employ of or performing services for the Company or any Subsidiary, subsidiary, or interfere in any way with the rights of the Company or any Subsidiary subsidiary to terminate your the Participant's employment or service relationship a...t any time, subject to any employment agreement or other service agreement in effect between the Company and the Participant. View More Arrow
Found in Boxwood Merger Corp. contract
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