Common use of Employment Not Affected Clause in Contracts

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting Optionee any right with respect to continuance of employment by the Company or a Subsidiary. The right of the Company and Subsidiaries to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company and acknowledged by Optionee.

Appears in 8 contracts

Samples: Non Qualified Stock Option Agreement (Alabama National Bancorporation), Non Qualified Stock Option Agreement (Alabama National Bancorporation), Non Qualified Stock Option Agreement (Alabama National Bancorporation)

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Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting Optionee to the Participant any right with respect to continuance of employment by with the Company or a any Subsidiary. The Except as may otherwise be limited by a written agreement between the Company or any Subsidiary and the Participant, the right of the Company and Subsidiaries or any Subsidiary to terminate at will the Optionee's Participant’s employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company or Subsidiary (whichever the case may be), and acknowledged by Optioneethe Participant.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Startek Inc), Resignation Agreement (Startek Inc), . Option Agreement (Startek Inc)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting to the Optionee any right with respect to continuance of his or her employment with the Corporation or any of its subsidiaries (together the "Employer"). Except as may otherwise be limited by a written agreement between the Company Optionee and his or a Subsidiary. The her Employer, the right of the Company and Subsidiaries Employer to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by to the Company Employer and acknowledged by the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (National City Bancshares Inc), Stock Option Agreement (National City Bancshares Inc)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting to the Optionee any right with respect to continuance of employment by the Company Corporation or any parent or subsidiary. Except as may otherwise be limited by a written agreement between the Corporation or a Subsidiary. The parent or subsidiary thereof and the Optionee, the right of the Company and Subsidiaries Optionee's employer to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company Corporation, as the employer or on behalf of the employer (whichever the case may be), and acknowledged by the Optionee.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Paysys International Inc), Incentive Stock Option Agreement (Paysys International Inc)

Employment Not Affected. Neither the granting issuance of the Option nor its ----------------------- exercise shall be construed as granting to the Optionee or any affiliate of the Optionee any right with respect to employment or continuance of employment with the Corporation or any subsidiary of the Corporation. Except as may otherwise be limited by a written agreement between the Company or a Subsidiary. The Corporation and the Optionee, the right of the Company and Subsidiaries Corporation to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company Corporation and its subsidiaries, if any, and acknowledged by the Optionee.

Appears in 2 contracts

Samples: Stock Option Agreement (Mb Software Corp), Stock Option Agreement (Mb Software Corp)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting to the Optionee any right with respect to continuance of employment employment. Except as may otherwise be limited by a written agreement between the Company or a Subsidiary. The one of its subsidiaries, as the case may be, and the Optionee, the right of the Company and Subsidiaries (or one of its subsidiaries) to terminate at will the Optionee's ’s employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company and acknowledged by Optioneereserved.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Carreker Corp)

Employment Not Affected. Neither the The granting of the Option nor its ----------------------- exercise shall not be construed as granting to the Optionee any right with respect to continuance of employment of the Employer. Except as may otherwise be limited by a written agreement between the Company or a Subsidiary. The Employer and the Optionee, the right of the Company and Subsidiaries Employer to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company Employer and acknowledged by the Optionee.

Appears in 1 contract

Samples: Crown American Realty Trust

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Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting Optionee any right with respect to continuance of employment by the Company or a SubsidiaryCompany. The right of the Company and Subsidiaries to terminate at will the Optionee's ’s employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company and acknowledged by Optionee.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Computer Programs & Systems Inc)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting to the Optionee any right with respect to continuance of employment by the Company Corporation or any parent or subsidiary. Except as may otherwise be limited by a written agreement between the Corporation or a Subsidiary. The parent or subsidiary thereof and the Optionee, the right of the Company and Subsidiaries Optionee's employer to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company Corporation, as the employer or on behalf of the employer (whichever the case may be), and acknowledged acknowledge by the Optionee.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Paysys International Inc)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting Optionee any right with respect to continuance of employment by the Company or a Subsidiary. The right of the Company and Subsidiaries to terminate at will the Optionee's ’s employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company and acknowledged by Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Alabama National Bancorporation)

Employment Not Affected. Neither the granting of the Option nor its ----------------------- exercise shall be construed as granting Optionee any right with respect to continuance of employment by the Company or a SubsidiaryCompany. The right of the Company and Subsidiaries to terminate at will the Optionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company and acknowledged by Optionee.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Computer Programs & Systems Inc)

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