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GMCR » Topics » 10. NO CONTRACT OF EMPLOYMENT, ETC.

This excerpt taken from the GMCR DEF 14A filed Jan 28, 2008.

10. NO CONTRACT OF EMPLOYMENT, ETC.

By participating in the Plan, each Participant expressly acknowledges and agrees that (i) nothing in the Plan or in its operation, including deferrals hereunder, limits the right of the Company or any other Employer to terminate the employment of the Participant at any time, with or without cause; that (ii) neither the Participant, nor his or her beneficiaries, will claim lost compensation or tax benefits associated with discontinuance of participation in the Plan as damages or as a measure of damages in connection with any termination of employment; and that (iii) the grant of any Award does not entitle the Participant to participation in any future or other Awards.

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