Common use of Agreement Not a Contract Clause in Contracts

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee or a Consultant, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.

Appears in 8 contracts

Samples: Nonqualified Stock Option Grant Agreement (Arena Pharmaceuticals Inc), Nonqualified Stock Option Grant Agreement (Arena Pharmaceuticals Inc), Nonqualified Stock Option Grant Agreement (Arena Pharmaceuticals Inc)

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Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as an Employee, a Consultant or a Director, an Employee or a Consultant, or of the Company or an Affiliate to continue Participant’s service as an Employee, a Consultant or a Director, an Employee or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.

Appears in 6 contracts

Samples: Incentive Stock Option Grant Agreement, Stock Option Grant Agreement, Incentive Stock Option Grant Agreement (Arena Pharmaceuticals Inc)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as an Employee, a Consultant or a Director, an Employee or a Consultant, or of the Company or an Affiliate to continue Participant’s service as an Employee, a Consultant or a Director, an Employee or a Consultant. Participant’s service is employment shall remain at-will, if applicable, and subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.

Appears in 5 contracts

Samples: Nonqualified Stock Option Grant Agreement (Arena Pharmaceuticals Inc), Incentive Stock Option Grant Agreement (Arena Pharmaceuticals Inc), Stock Option Grant Agreement (Arena Pharmaceuticals Inc)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee his or a Consultanther service, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or noticeservice.

Appears in 4 contracts

Samples: Non Qualified Stock Option Award Agreement (Vericel Corp), Non Qualified Stock Option Award Agreement (Vericel Corp), Non Qualified Stock Option Award Agreement (Vericel Corp)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee or a Consultant, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.

Appears in 3 contracts

Samples: Stock Option Grant Agreement, Stock Option Grant Agreement (Arena Pharmaceuticals Inc), Stock Option Grant Agreement (Arena Pharmaceuticals Inc)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee or a ConsultantEmployee, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or noticeEmployee.

Appears in 3 contracts

Samples: Incentive Stock Option Award Agreement, Incentive Stock Option Award Agreement (Vericel Corp), Incentive Stock Option Award Agreement (Vericel Corp)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee employee or director of or consultant to the Company or any Affiliate or a Consultantsuccessor company (or a subsidiary or parent thereof), or of the Company or an any Affiliate or a successor company (or a subsidiary or parent thereof) to continue Participant’s service Service as a Directorsuch an employee, an Employee director or a Consultant. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or noticeconsultant.

Appears in 2 contracts

Samples: Incentive Stock Option Grant Agreement (Savara Inc), Incentive Stock Option Grant Agreement (Savara Inc)

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Agreement Not a Contract. This Agreement (and the grant of the Option) is not a service or employment contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee or a Consultant, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultant. If an Employee, Participant’s service is employment shall remain at-will, if applicable, and subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Arena Pharmaceuticals Inc)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee his or a Consultanther service, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultantservice. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.ACTIVE/90650438.4

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Vericel Corp)

Agreement Not a Contract. This Agreement (and the grant of the Option) is not a an employment or service contract, and nothing in this Agreement the Option shall be deemed to create in any way whatsoever any obligation on Participant’s part to continue as a Director, an Employee his or a Consultanther service, or of the Company or an Affiliate to continue Participant’s service as a Director, an Employee or a Consultantservice. Participant’s service is subject to termination by the Company or an Affiliate, as applicable, at any time, with or without cause or notice.ACTIVE/106709323.2

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Vericel Corp)

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