Common use of Effect on Service Clause in Contracts

Effect on Service. Neither the adoption of this Plan, its operation, documents describing or referring to this Plan (or any part thereof) shall confer on any Participant any right to continue service as a member of the Board.

Appears in 5 contracts

Samples: 1998 Non Employee Director Stock Compensation Plan (C & F Financial Corp), Non Employee Director Stock Option Plan (Fauquier Bankshares Inc), Non Employee Director Stock Compensation Plan (Commonwealth Bankshares Inc)

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Effect on Service. Neither the adoption adOption of this Plan, its operation, documents describing or referring to this Plan (or any part thereof) shall confer on any Participant any right to continue service as a member of the Board.

Appears in 1 contract

Samples: Non Employee Director Stock Option Plan (Fauquier Bankshares Inc)

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Effect on Service. Neither the adoption of this Plan, its operation, nor any documents describing or referring to this Plan (or any part thereof) shall confer on upon any Participant any right to continue service as a member of the Board.

Appears in 1 contract

Samples: Non Employee Directors' Stock Option Plan (Intelidata Technologies Corp)

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