Common use of No Continued Employment or Right to Corporate Assets Clause in Contracts

No Continued Employment or Right to Corporate Assets. Nothing contained in this Agreement shall be deemed to grant Employee any right to continue in the employ of the Company for any period of time or to any right to continue his/her present or any other rate of compensation, nor shall this Agreement be construed as giving Employee, Employee’s beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.

Appears in 8 contracts

Samples: Non Qualified Stock Option Agreement (Predictive Oncology Inc.), Stock Option Agreement (Predictive Oncology Inc.), Non Qualified Stock Option Agreement (Table Trac Inc)

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No Continued Employment or Right to Corporate Assets. Nothing contained in this Agreement shall be deemed to grant Employee any right to continue in the employ of the Company for any period of time or to any right to continue his/his or her present or any other rate of compensation, nor shall this Agreement be construed as giving Employee, Employee’s beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Raven Industries Inc), Stock Option Agreement (WPT Enterprises Inc)

No Continued Employment or Right to Corporate Assets. Nothing contained in this Agreement shall be deemed to grant Employee any right to continue in the employ of the Company for any period of time or to any right to continue his/his or her present or any other rate of compensation, nor shall this Agreement be construed as giving Employee, Employee’s 's beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.

Appears in 1 contract

Samples: Stock Option Agreement (Global Traffic Network, Inc.)

No Continued Employment or Right to Corporate Assets. Nothing contained in this Agreement shall be deemed to grant Employee Executive any right to continue in the employ of the Company for any period of time or to any right to continue his/her present or any other rate of compensation, nor shall this Agreement be construed as giving EmployeeExecutive, EmployeeExecutive’s beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.

Appears in 1 contract

Samples: Nortech Systems Incorporated (Nortech Systems Inc)

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No Continued Employment or Right to Corporate Assets. Nothing contained in this Agreement shall be deemed to grant Employee any right to continue in the employ of the Company for any period of time or to any right to continue his/her present or any other rate of compensation, nor shall this Agreement be construed as giving Employee, Employee’s 's beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such person.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Raven Industries Inc)

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