Common use of No Employment Contract Created Clause in Contracts

No Employment Contract Created. Nothing in this Agreement shall be construed to constitute or be evidence of any right with respect to employment or continuance of employment with the Company or any subsidiary or parent of the Company, or to limit in any way the right of the Company or any subsidiary or parent of the Company to terminate Optionee's employment at any time, with or without cause.

Appears in 10 contracts

Samples: Stock Option Agreement (Tri Lite Inc /Pa/), Stock Option Agreement (Tri Lite Inc /Pa/), Stock Option Agreement (Tri Lite Inc /Pa/)

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No Employment Contract Created. Nothing in this Agreement shall be construed to constitute or be evidence of any right with respect to employment or continuance of employment with the Company or any subsidiary or parent of the Company, or to limit in any way the right of the Company or any subsidiary or parent of the Company to terminate Optionee's employment at any time, with or without cause.

Appears in 4 contracts

Samples: Employment Agreement (Triad Medical Inc), Incentive Stock Option Agreement (Techniclone International Corp), Incentive Stock Option Agreement (PCC Group Inc)

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