Common use of Agreement Not a Contract Clause in Contracts

Agreement Not a Contract. This Agreement (and the grant of PRSUs) is not an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on the Participant’s part to continue as an Employee, a Consultant or a Director, or of the Company or an Affiliate to continue the Participant’s service as an Employee, a Consultant or a Director. The Participant’s 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 8 contracts

Samples: Performance Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc), Performance Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc), Performance Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc)

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