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 to Grantee any right with respect to the continuance of employment by the Company. Except as may otherwise be limited by a written agreement between the Company and Grantee, the right of the Company and any employing subsidiary to terminate at will Grantee's employment by the Company or any employing subsidiary at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company, or the employing subsidiary (whichever the case may be), and acknowledged by Grantee.

Appears in 4 contracts

Samples: Grant of Non Qualified Stock Option (Bancorp, Inc.), Incentive Stock Option Agreement (Bancorp, Inc.), Incentive Stock Option Agreement (Bancorp, Inc.)

AutoNDA by SimpleDocs

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

Appears in 3 contracts

Samples: Incentive Stock Option Agreement (Fidelity Leasing Inc), Incentive Stock Option Agreement (Fidelity Leasing Inc), Grant of Incentive Stock Option (Fidelity Leasing Inc)

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

Appears in 3 contracts

Samples: Grant of Non Qualified Stock Option (Resource America Inc), Grant of Non Qualified Stock Option (Rait Investment Trust), Grant of Incentive Stock Option (Rait Investment Trust)

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

Appears in 3 contracts

Samples: Option Agreement (Startek Inc), Stock Option 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 Grantee any right with respect to the continuance of employment by with the CompanyCompany or any of its subsidiaries. Except as may otherwise be limited by a written agreement between the Company and the Grantee, the right of the Company and or any employing subsidiary of the Company to terminate at will the Grantee's employment by the Company or any employing subsidiary with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company or any subsidiary of the Company, or as the employing subsidiary (whichever the case may be)employer, and is acknowledged by the Grantee.

Appears in 2 contracts

Samples: Employment Agreement (Uci Medical Affiliates Inc), Employment Agreement (Uci Medical Affiliates Inc)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Cotton States Life Insurance Co /)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Fidelity Leasing Inc)

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: Grant of Incentive Stock Option (Resource America Inc)

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

Appears in 1 contract

Samples: Employment Agreement (Gumtech International Inc \Ut\)

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

Appears in 1 contract

Samples: Incentive Stock Option Agreement (Orlando Predators Entertainment Inc)

Employment Not Affected. Neither the granting of the Option nor its exercise shall be construed as granting to Grantee the Employee any right with respect to the continuance of employment by the CompanyCorporation or any subsidiary. Except as may otherwise be limited by a any written employment or other agreement between the Company Corporation or any subsidiary and Granteethe Employee, the right of the Company and Corporation or any employing subsidiary to terminate at will Granteethe Employee's employment by the Company or any employing subsidiary affiliation with it at any time (whether by dismissal, discharge, retirement or otherwise) is specifically reserved by the Company, Corporation or the employing subsidiary (whichever the case may be), and acknowledged by Granteeany subsidiary.

Appears in 1 contract

Samples: Employee Non Qualified Stock Option Agreement (Westwood Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!