Common use of Employment Not Affected Clause in Contracts

Employment Not Affected. The granting of the Option nor its exercise shall not be construed as granting to the Grantee any right with respect to continuance of employment of the Employer. Except as may otherwise be limited by a written agreement between the Employer and the Grantee, the right of the Employer to terminate at will the Grantee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by WGNB, as the Employer or on behalf of the Employer (whichever the case may be), and acknowledged by the Grantee.

Appears in 6 contracts

Samples: Incentive Stock Option Agreement (WGNB Corp), Incentive Stock Option Agreement (WGNB Corp), Bonus and Stock Option Agreement (WGNB Corp)

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Employment Not Affected. The granting of the Option nor its exercise shall not be construed as granting to the Grantee Optionee any right with respect to continuance of employment of the Employer. Except as may otherwise be limited by a written agreement between the Employer and the GranteeOptionee, the right of the Employer to terminate at will the GranteeOptionee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by WGNBthe Company, as the Employer or on behalf of the Employer (whichever the case may be), and acknowledged by the GranteeOptionee.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Ads Media Group Inc), Nonstatutory Stock Option Agreement (Ads Media Group Inc), Nonstatutory Stock Option Agreement (Ads Media Group Inc)

Employment Not Affected. The granting of the Option nor its exercise shall not be construed as granting to the Grantee any right with respect to continuance of employment of with the Employer. Except as may otherwise be limited by a written agreement between the Employer and the Grantee, the right of the Employer to terminate at will the Grantee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by WGNB, as the Employer or on behalf of the Employer (whichever the case may be), and acknowledged by the Grantee.

Appears in 3 contracts

Samples: Bonus and Stock Option Agreement (WGNB Corp), Bonus and Stock Option Agreement (WGNB Corp), Bonus and Stock Option Agreement (WGNB Corp)

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

Appears in 2 contracts

Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc)

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

Appears in 2 contracts

Samples: Stock Purchase Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc)

Employment Not Affected. The granting of the Option nor or its exercise shall not be construed as granting to the Grantee any right with respect to continuance of employment of by the Employer. Except as may otherwise be limited by a written agreement between the Employer and the Grantee, the right of the Employer to terminate at will the Grantee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by WGNBBPO, as the Employer or on behalf of the Employer (whichever the case may be), and acknowledged by the Grantee.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (BPO Management Services), Employment Agreement (BPO Management Services)

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

Appears in 1 contract

Samples: Executive Employment Agreement (Todd Shipyards Corp)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (First Capital Bancorp, Inc.)

Employment Not Affected. The granting of the Option nor option or its exercise shall not be construed as granting to the Grantee any right with respect to continuance of employment of the Employer. Except as may otherwise be limited by a written agreement between the Employer and the Grantee, the right of the Employer to terminate at will the Grantee's employment with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by WGNBthe Company, as the Employer or on behalf of the Employer (whichever the case may be), and acknowledged by the Grantee.

Appears in 1 contract

Samples: Agreement (Medical Device Alliance Inc)

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