No Right to Continue as Director. Nothing in this Option Agreement or the Plan shall be interpreted or construed to confer upon the Optionee any right to continue as a director of the Company, nor shall this Agreement or the Plan interfere in any way with the right of the Company or its directors or stockholders to remove the Optionee in accordance with the By-laws of the Company.
Appears in 1 contract
Sources: Nonqualified Stock Option Agreement (L 3 Communications Holdings Inc)
No Right to Continue as Director. Nothing contained in this Option -------------------------------- Agreement or the Plan shall be interpreted or construed to will confer upon the Optionee any right to continue as a director member of the Board of Directors or affect the right of the Company, nor shall this Agreement the Board of Directors or the Plan interfere in any way with the right of the Company or its directors or stockholders to remove terminate the directorship of Optionee in accordance at any time with the By-laws of the Companyor without cause.
Appears in 1 contract
Sources: Stock Option Agreement (Chart House Enterprises Inc)
No Right to Continue as Director. Nothing in this Option This Agreement or the Plan shall be interpreted or construed to not confer upon the Optionee any right to continue as a director of the Company, nor shall this Agreement or of any parent or subsidiary corporation of the Plan interfere Company, or in any way with affect the right of the Company or its directors or stockholders to remove the Optionee in accordance with the By-laws and power of the Company, by vote of its stockholders or otherwise, to terminate the service of Optionee as a director of the Company, at any time and without assigning reason therefore, to the same extent as the Company might have done if the Option had not been granted or if this Agreement had not been executed.
Appears in 1 contract
Sources: Director Stock Option Plan Agreement (Big Lots Inc)