Limitation on Rights. (a) The Optionee shall not be deemed for any purpose to be a shareholder of the Corporation with respect to any shares as to which the option granted hereby shall not have been exercised and payment and issuance made as herein provided. Nothing herein shall confer on the Optionee any right to continue in the employ of the Corporation or its subsidiaries, nor affect the right of the Corporation or its subsidiaries to terminate the Optionee's employment at any time without liability to the Corporation.
Appears in 5 contracts
Samples: Non Qualified Stock Option Agreement (Pace Medical Inc), Non Qualified Stock Option Agreement (Pace Medical Inc), Non Qualified Stock Option Agreement (Pace Medical Inc)
Limitation on Rights. (a) The Optionee shall not be deemed for any purpose to be a shareholder of the Corporation with respect to any shares as to which the option granted hereby shall not have been exercised and payment and issuance made as herein provided. Nothing herein shall confer on the Optionee any right to continue in the employ of the Corporation or its subsidiaries, nor affect the right of the Corporation or its subsidiaries to terminate the Optionee's ’s employment at any time without liability to the Corporation.
Appears in 2 contracts
Samples: Non Qualified Stock Option Agreement (Pace Medical Inc), Non Qualified Stock Option Agreement (Pace Medical Inc)
