Common use of Limited Interest Clause in Contracts

Limited Interest. (a) The grant of the Option shall not be construed as giving Participant any interest other than as provided in this Agreement. (b) Participant shall have no rights as a shareholder as a result of the grant of the Option, until the Option is exercised, the exercise price is paid, and the Shares issued thereunder. (c) The grant of the Option shall not confer on Participant any right to continue as a Non-Employee Advisor, nor interfere in any way with the right of the Company to terminate the Company's relationship with the Member at any time. (d) The grant of the Option shall not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company's capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the Shares or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise.

Limited Interest. (a) a. The grant of the Option shall not be construed as giving Participant any interest other than as provided in this Agreement. (b) b. Participant shall have no rights as a shareholder as a result of the grant of the Option, until the Option is exercised, the exercise price is paid, and the Shares issued thereunder. (c) c. The grant of the Option shall not confer on Participant any right to continue as a Key Employee or Non-Employee Advisor, nor interfere in any way with the right of the Company to terminate the Company's relationship with the Member Participant at any time. (d) d. The grant of the Option shall not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company's capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the Shares or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise.

Limited Interest. (a) The grant of the this Option shall not be construed as giving the Participant any interest other than as provided in this Agreement. (b) The Participant shall have no rights as a shareholder stockholder as a result of the grant of the Option, until the Option is exercised, the exercise price Exercise Price is paid, and the Shares shares issued thereunder. (c) The grant of the this Option shall not confer on the Participant any right to continue as a Non-Employee Advisoran employee, nor interfere in any way with the right of the Company to terminate the CompanyParticipant's employment or other service relationship with the Member Company at any time. (d) The grant of the Option shall not affect in any way the right or power of the Company to make or authorize any or all adjustments, recapitalizations, reorganizations, or other changes in the Company's capital structure or its business, or any merger, consolidation or business combination of the Company, or any issuance or modification of any term, condition, or covenant of any bond, debenture, debt, preferred stock or other instrument ahead of or affecting the Shares shares or the rights of the holders thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business or any other Company act or proceeding, whether of a similar character or otherwise.