No Contract of Employment. It is expressly understood by the parties hereto that this Agreement are not intended to be an employment contract. Nothing contained in this Agreement and no action taken pursuant to its provisions by either party hereto shall create, or be construed to create, (a) a trust of any kind, or a fiduciary relationship between the Company and Optionee; or (b) a contract of employment for any term of years, or a right of Optionee to continue in the employ of the Company in any capacity.
Appears in 8 contracts
Samples: Stock Option Agreement (Biolargo, Inc.), At Will Employment Agreement (Biolargo, Inc.), Form Of] Stock Option Agreement (Biolargo, Inc.)
No Contract of Employment. It is expressly understood by the parties hereto that this Agreement are not intended to be an employment contract. Nothing contained in this Agreement or the Plan, and no action taken pursuant to its their provisions by either party hereto shall create, or be construed to create, (a) a trust of any kind, or a fiduciary relationship between the Company and Optionee; or (b) a contract of employment for any term of years, or a right of Optionee to continue in the employ of the Company in any capacity.
Appears in 7 contracts
Samples: Non Qualified Stock Option Agreement, Non Qualified Stock Option Agreement (Biolargo, Inc.), Non Qualified Stock Option Agreement (Biolargo, Inc.)
No Contract of Employment. 11.1 It is expressly understood by the parties hereto that this Agreement are not intended to be an employment contract. Nothing contained in this Agreement and no action taken pursuant to its provisions by either party hereto shall create, or be construed to create, (a) a trust of any kind, or a fiduciary relationship between the Company and Optionee; or (b) a contract of employment for any term of years, or a right of Optionee to continue in the employ of the Company in any capacity.
Appears in 2 contracts
Samples: Share Option Agreement, Share Option Agreement
