Common use of Continuance of Employment Clause in Contracts

Continuance of Employment. Nothing in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor thereof to continue the Optionee's employment with it, to confer upon the Optionee any right to continue in the employ of the Company or a subsidiary thereof, or to restrict the right of the Company or a subsidiary thereof to terminate such employment at any time.

Appears in 3 contracts

Samples: Option Agreement (Commtouch Software LTD), Option Agreement (Commtouch Software LTD), Option Agreement (Commtouch Software LTD)

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Continuance of Employment. Nothing in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor subsidiary thereof to continue the Optionee's employment with it, to confer upon the Optionee any right to continue in the employ of the Company or a subsidiary thereof, or to restrict the right of the Company or a subsidiary thereof to terminate such employment at any time.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Xacct Technologies 1997 LTD), Incentive Stock Option Agreement (Xacct Technologies 1997 LTD), Option Agreement (Xacct Technologies 1997 LTD)

Continuance of Employment. Nothing in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor subsidiary thereof to continue the Optionee's employment with it, to confer upon the Optionee any right to continue in the employ of the Company or a subsidiary thereof, or to restrict the right of the Company or a subsidiary thereof to terminate such employment at any time.

Appears in 2 contracts

Samples: Share Option Agreement (Nur Macroprinters LTD), Share Option Agreement (Nur Macroprinters LTD)

Continuance of Employment. Nothing in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor thereof to continue the Optionee's employment with it, to confer upon the Optionee any the right to continue in the employ of the Company or a subsidiary thereofCompany, or to restrict the right of impose any obligation on the Company to continue or a subsidiary thereof to terminate maintain such employment at any timeemployment.

Appears in 1 contract

Samples: Stock Option Agreement (Cisco Systems Inc)

Continuance of Employment. Nothing in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor Subsidiary thereof to continue the Optionee's employment with it, to confer upon the Optionee any right to continue in the employ of the Company or a subsidiary any Subsidiary thereof, or the grant of services thereto, or to restrict the right of the Company or a subsidiary Subsidiary thereof to terminate such employment at any time.

Appears in 1 contract

Samples: Stock Option Agreement (Xacct Technologies 1997 LTD)

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Continuance of Employment. Nothing contained in this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor thereof to continue the Optionee's employment with it, to confer upon the Optionee any right with respect to continue his employment or interfere in the employ of the Company or a subsidiary thereof, or to restrict any way with the right of the Company Corporation, its parent or a subsidiary thereof any subsidiary, at any time to terminate such employment at or to increase or decrease the compensation received by the Optionee as such an employee, but nothing contained herein shall affect any timeotherwise existing contractual rights of the Optionee.

Appears in 1 contract

Samples: Stock Option Agreement (MRC Group)

Continuance of Employment. Nothing in Neither the Plan nor the granting of the Options or this Option Agreement shall be construed to impose any obligation on the Company or a subsidiary, consultant or contractor thereof subsidiary to continue your employment and nothing in the Optionee's employment with it, Plan or in the Options granted to you pursuant thereto or in this Agreement shall confer upon the Optionee you any right to continue in the employ of the Company or a subsidiary thereof, or to compensation in respect of the expiration and termination of an Option or restrict your right or the right of the Company or a subsidiary thereof to terminate such employment at any time.

Appears in 1 contract

Samples: Stock Option Agreement (Virata Corp)

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