Common use of No Contract Clause in Contracts

No Contract. Nothing contained in this Agreement shall (a) confer upon Optionee any right to continue in service as a Director of the Company or any Subsidiary, or (b) limit or affect in any manner the right of the Company’s stockholders to elect or remove Directors.

Appears in 4 contracts

Sources: Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.), Nonqualified Stock Option Agreement (HealthMarkets, Inc.)