Common use of Employment Obligation Clause in Contracts

Employment Obligation. The granting of the Option shall not impose upon the Corporation any obligation to employ or become affiliated with or continue to employ or be affiliated with the Optionee. The right of the Corporation to terminate the employment of or its affiliation with the Optionee or any other person shall not be diminished or affected by reason of the fact that the Option has been granted to the Optionee.

Appears in 3 contracts

Samples: Stock Option Agreement (Ohr Pharmaceutical Inc), Option Agreement (Advanced Radio Telecom Corp), Stock Option Agreement (National Wireless Holdings Inc)

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Employment Obligation. The granting of the Option any option shall not impose upon the Corporation any obligation to employ or become affiliated with or continue to employ or be affiliated with any optionee; and the Optionee. The right of the Corporation to terminate the employment of any officer or its affiliation with the Optionee or any other person employee shall not be diminished or affected by reason of the fact that the Option an option has been granted to the Optioneehim or her.

Appears in 2 contracts

Samples: Bancorp Rhode Island Inc, Bancorp Rhode Island Inc

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Employment Obligation. The granting of the Option Options shall not impose upon the Corporation any obligation to employ or become affiliated with or continue to employ or be affiliated with the Optionee. The right of the Corporation to terminate the employment of or its affiliation with the Optionee or any other person shall not be diminished or affected by reason of the fact that the Option has Options have been granted to the Optionee.

Appears in 1 contract

Samples: Option Agreement (Advanced Radio Telecom Corp)

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