Common use of Effect on Service Clause in Contracts

Effect on Service. The award of the Restricted Stock Units pursuant to this Agreement shall not give the Awardee any right to remain in the service of the Company or any Affiliate. The award is completely within the discretion of the Company. It is not made as a part of any ongoing element of compensation or something that the Awardee should expect to receive annually or on any other periodic basis. It does not constitute part of the Awardee’s compensation for purposes of determining any post-employment payment or severance.

Appears in 6 contracts

Samples: Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co), Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co), Restricted Stock Unit Grant Agreement (La Jolla Pharmaceutical Co)

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Effect on Service. The award of the Restricted Stock Units pursuant to this Agreement shall not give the Awardee Participant any right to remain in the service of the Company or any Affiliateparent or subsidiary of the Company. The award is completely within the discretion of the Company. It is not made as a part of any ongoing element of compensation or something that the Awardee Participant should expect to receive annually or on any other periodic basis. It does not constitute part of the AwardeeParticipant’s compensation for purposes of determining any post-employment payment or severance.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (ZAGG Inc)

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