Common use of Effect on Service Clause in Contracts

Effect on Service. Neither the grant of the Award, nor the issuance of Shares, if any, hereunder, shall give the Participant any right to continue to be licensed by or affiliated with the Company or any of its Affiliates and shall not affect in any way the right of the Company or any of its Affiliates to terminate the Participant’s Service at any time.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.), Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.)

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Effect on Service. Neither the grant of the Award, nor the issuance of Shares, if any, hereunder, shall give the Participant any right to be retained in the employ or service of, or continue to be licensed by or affiliated with by, the 259431-4 Company or any of its Affiliates and shall not affect in any way the right of the Company or any of its Affiliates to terminate the Participant’s Service at any time.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (LPL Financial Holdings Inc.), Restricted Stock Unit Award (LPL Financial Holdings Inc.)

Effect on Service. Neither the grant of the Award, nor the issuance of Shares, if any, hereunder, hereunder shall give the Participant any right to be retained in the employ or service of, or continue to be licensed by or affiliated with by, the Company or any of its Affiliates and shall not affect in any way the right of the Company or any of its Affiliates to terminate the Participant’s Service at any time.

Appears in 1 contract

Samples: Restricted Stock Unit Award (LPL Financial Holdings Inc.)

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Effect on Service. Neither the grant of the Award, nor the issuance of Shares, if any, hereunder, hereunder shall give the Participant any right to continue to be licensed by or affiliated with the Company or any of its Affiliates and shall not affect in any way the right of the Company or any of its Affiliates to terminate the Participant’s Service at any time.

Appears in 1 contract

Samples: Restricted Stock Unit Award (LPL Financial Holdings Inc.)

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