Common use of Agreement Not a Contract of Employment Clause in Contracts

Agreement Not a Contract of Employment. This Agreement is not a contract of employment, and the terms of employment of Employee or the relationship of Employee with Endurance or any Subsidiary shall not be affected in any way by this Agreement except as specifically provided herein. The execution of this Agreement shall not be construed as conferring any legal rights upon Employee for a continuation of employment or relationship with Endurance or any Subsidiary, nor shall it interfere with the right of Endurance or any Subsidiary to discharge Employee and to treat Employee without regard to the effect which that treatment might have upon Employee as a holder of the Restricted Share Units.

Appears in 2 contracts

Samples: Option Dividend Restricted Share Unit Agreement (Endurance Specialty Holdings LTD), Restricted Share Unit Agreement (Endurance Specialty Holdings LTD)

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Agreement Not a Contract of Employment. This Agreement is not a contract of employment, and the terms of employment of Employee or the relationship of Employee with Endurance or any Subsidiary shall not be affected in any way by this Agreement except as specifically provided herein. The execution of this Agreement shall not be construed as conferring any legal rights upon Employee for a continuation of employment or relationship with Endurance or any Subsidiary, nor shall it interfere with the right of Endurance or any Subsidiary to discharge Employee and to treat Employee without regard to the effect which that treatment might have upon Employee as a holder of the Restricted Share UnitsOption.

Appears in 2 contracts

Samples: Share Option Agreement (Endurance Specialty Holdings LTD), Share Option Agreement (Endurance Specialty Holdings LTD)

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