Common use of Effect on Service Clause in Contracts

Effect on Service. Neither the grant of the Option, nor the issuance of Shares upon exercise of the Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliates, affect the right of the Company or any of its affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service at any time.

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Novavax Inc), Incentive Stock Option Agreement (Novavax Inc), Incentive Stock Option Agreement (Novavax Inc)

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Effect on Service. Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service Employment at any timetime.8.

Appears in 2 contracts

Samples: Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

Effect on Service. Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service Employment at any time. 8.

Appears in 2 contracts

Samples: Stock Option Agreement (Ultragenyx Pharmaceutical Inc.), Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

Effect on Service. Neither the grant of the Option, nor the issuance of Shares upon exercise of the Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service at any time.

Appears in 2 contracts

Samples: Novavax Inc, Novavax Inc

Effect on Service. Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ continue as a Director of, or other service of provider to, the Company or any of its affiliatesAffiliates, or affect the right of the Company or Company’s shareholders to take any action permitted by law in respect of its affiliates to discharge or discipline the removal of such Optionee as a Director at any time, or affect any right of such Optionee to terminate his or her employment or resign from service at any time.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Surgery Partners, Inc.)

Effect on Service. Neither the grant of the Option, nor the issuance of Shares upon exercise of the Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliates, affect the right of the Company or any of its affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service at any time.

Appears in 1 contract

Samples: Share Incentive Plan (Oxford Immunotec Global PLC)

Effect on Service. Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatessubsidiaries, affect the right of the Company or any of its affiliates subsidiaries to discharge or discipline such Optionee 1 Vesting to be specified based on terms of grant. terminate the Optionee’s Service at any time, or affect any right of such the Optionee to terminate his or her employment or service Service at any time.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Mersana Therapeutics, Inc.)

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Effect on Service. Neither the grant of the Option, nor the issuance of Shares upon exercise of the Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service Service at any time.

Appears in 1 contract

Samples: Novavax Inc

Effect on Service. Neither the grant of the Option, nor the issuance of Shares upon exercise of the Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service at any time.

Appears in 1 contract

Samples: Stock Option Agreement (Novavax Inc)

Effect on Service. Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its affiliatesAffiliates, affect the right of the Company or any of its affiliates Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her employment or service Employment at any time.

Appears in 1 contract

Samples: Non Statutory Stock Option Agreement (Ultragenyx Pharmaceutical Inc.)

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