Common use of No Employment Obligation Clause in Contracts

No Employment Obligation. The granting of any Option shall not impose upon the Company any obligation to employ the Optionee. The right of the Company to terminate the employment of the Optionee shall not be diminished or affected by reason of the fact that an Option has been granted hereunder to the Optionee.

Appears in 31 contracts

Samples: Stock Option Agreement (Sutron Corp), Stock Option Agreement (Sutron Corp), Stock Option Agreement (Sutron Corp)

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No Employment Obligation. The granting of any Option shall not constitute an employment contract, express or implied, nor impose upon the Company or any Affiliate any obligation to employ the Optioneeor continue to employ any Employee. The right of the Company or any Affiliate to terminate the employment of the Optionee any person shall not be diminished or affected by reason of the fact that an Option has been granted hereunder to the Optioneehim.

Appears in 1 contract

Samples: 1999 Broad Based Option Plan (Oyo Geospace Corp)

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