Common use of Continuance of Employment/Service Required; No Employment/Service Commitment Clause in Contracts

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 26 contracts

Samples: Nonqualified Stock Option Agreement (Health Care Property Investors Inc), Employment Agreement (MSC Software Corp), Employee Stock Option Agreement (Apria Healthcare Group Inc)

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Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment portion of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 6 contracts

Samples: Performance Accelerated Stock Option Agreement (New Century Financial Corp), Performance Accelerated Stock Option Agreement (New Century Financial Corp), Performance Accelerated Stock Option Agreement (New Century Financial Corp)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its SubsidiariesAffiliates, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation or any SubsidiaryAffiliate, interferes in any way with the right of the Corporation or any Subsidiary Affiliate at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary Affiliate to increase or decrease the GranteeParticipant’s other compensation. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his/her consent thereto.

Appears in 5 contracts

Samples: Stock Option Agreement (Piestro, Inc.), Stock Option Agreement (Piestro, Inc.), Stock Option Agreement (Future Acres, Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule applicable to the Option requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 6 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 4 contracts

Samples: Ceo Annual Ltip Option Agreement (Hcp, Inc.), Neo Annual Ltip Option Agreement (Hcp, Inc.), Nonqualified Stock Option Agreement (Hcp, Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule applicable to the Option requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Francesca's Holdings CORP), Nonqualified Stock Option Agreement (Francesca's Holdings CORP), Nonqualified Stock Option Agreement (Synutra International, Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its SubsidiariesAffiliates, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation or any SubsidiaryAffiliate, interferes in any way with the right of the Corporation or any Subsidiary Affiliate at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary Affiliate to increase or decrease the GranteeParticipant’s other compensation.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (CytomX Therapeutics, Inc.), Restricted Stock Award Agreement (CytomX Therapeutics, Inc.), Employment Agreement (Seracare Life Sciences Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting as to such vesting period or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its SubsidiariesAffiliates, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation or any SubsidiaryAffiliate, interferes in any way with the right of the Corporation or any Subsidiary Affiliate at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary Affiliate to increase or decrease the GranteeParticipant’s other compensation.

Appears in 3 contracts

Samples: Nonqualified Stock Option Award Agreement (Francesca's Holdings CORP), Nonqualified Stock Option Award Agreement (Francesca's Holdings CORP), Nonqualified Stock Option Award Agreement (Francesca's Holdings CORP)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued an employment or service commitment by the Corporation or any of its SubsidiariesCorporation, affects the Grantee’s status, if he or she is an employee, status as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or serviceservices, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensationcompensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Grantee without his consent thereto.

Appears in 3 contracts

Samples: Nonqualified Stock Option Agreement (Alaska Air Group Inc), Nonqualified Stock Option Agreement (Alaska Air Group Inc), Nonqualified Stock Option Agreement (Alaska Air Group Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will will” who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 3 contracts

Samples: Executive Employee Incentive Stock Option Agreement, Non Executive Employee Incentive Stock Option Agreement (NTN Buzztime Inc), Executive Employee Incentive Stock Option Agreement (NTN Buzztime Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option Award and the rights and benefits under this Option Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Award Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 3 contracts

Samples: Employee Share Option Agreement (Acorn International, Inc.), Stock Appreciation Rights Award Agreement (Apria Healthcare Group Inc), Incentive Stock Option Agreement (Giant Interactive Group Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 5 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 2 contracts

Samples: Employment Agreement (Qlogic Corp), Employee Share Option Agreement (Origin Agritech LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or of any of its Subsidiaries, affects the Grantee’s status, if he her or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right tight to remain employed by or in service to the Corporation or of any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Signature Group Holdings, Inc.), Nonqualified Stock Option Agreement (Signature Group Holdings, Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below 6 of these Terms or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation.

Appears in 2 contracts

Samples: Option Agreement (SAMOYED HOLDING LTD), Option Agreement (SAMOYED HOLDING LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation Company or any Subsidiary, Subsidiary or interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Guess Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option Award and the rights and benefits under this Option Stock Unit Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 6 below or under the Plan. Nothing contained in this Option Stock Unit Award Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Employment Agreement (Qlogic Corp)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option RSUs and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below of these Terms or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (SAMOYED HOLDING LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (WuXi PharmaTech (Cayman) Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below 6 of these Terms or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she the Participant is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation.

Appears in 1 contract

Samples: Option Agreement (Lixiang Education Holding Co . LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment portion of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 6 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Performance Accelerated Stock Option Agreement (New Century Financial Corp)

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Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option Restricted Shares and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below of these Terms or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she the Participant is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation.

Appears in 1 contract

Samples: Restricted Share Agreement (Lixiang Education Holding Co . LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option Restricted Shares and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below of these Terms or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation.

Appears in 1 contract

Samples: Restricted Share Agreement (SAMOYED HOLDING LTD)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each the applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (MSC Software Corp)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan, unless otherwise provided by an employment agreement. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s 's status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s 's other compensation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (NTN Communications Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule Vesting Schedule set forth in this Option Agreement requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Red Robin Gourmet Burgers Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option Award and the rights and benefits under this Option Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Award Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Stock Appreciation Rights Award Agreement (Overland Storage Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The Except as expressly provided in Section 4.2 below, the vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued an employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, status as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or serviceservices, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensationcompensation or benefits. OMM_US:74984415.3 11-05-2020 NSO Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Grantee without his consent thereto.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Alaska Air Group, Inc.)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment by or service to the Company through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued an employment or service commitment by the Corporation or of any of its SubsidiariesSubsidiary, affects the Grantee’s Participant's status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s Participant's other compensation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Luminent Mortgage Capital Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan, unless otherwise provided by an employment agreement. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (NTN Buzztime Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule applicable to the Option requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 5 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (International Rectifier Corp /De/)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule Vesting Schedule set forth in this Option Agreement requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeOptionee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Optionee any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeOptionee’s other compensation. Optionee has no rights as a stockholder of the Company pursuant to this Option Agreement until and unless shares of Common Stock are actually delivered to Optionee.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Red Robin Gourmet Burgers Inc)

Continuance of Employment/Service Required; No Employment/Service Commitment. The vesting schedule applicable to the Option requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 7 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation Company or any of its Subsidiaries, affects the GranteeParticipant’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee Participant any right to remain employed by or in service to the Corporation Company or any Subsidiary, interferes in any way with the right of the Corporation Company or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation Company or any Subsidiary to increase or decrease the GranteeParticipant’s other compensation. Nothing in this Agreement, however, is intended to adversely affect any independent contractual right of the Participant without his/her consent thereto.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Malibu Boats, Inc.)

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