Common use of Continuation of Employment or Service Clause in Contracts

Continuation of Employment or Service. Neither the ESOP nor this Option Agreement shall impose any obligation on the Company or an Affiliate to continue the Optionee’s employment or service and nothing in the ESOP or in this Option Agreement shall confer upon the Optionee any right to continue in the employ or service of the Company and/or an Affiliate or restrict the right of the Company or an Affiliate to terminate such employment or service at any time.

Appears in 5 contracts

Samples: Made (OphthaliX, Inc.), Trust Note (OphthaliX, Inc.), OphthaliX, Inc.

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