Common use of No Expectation or Obligation Clause in Contracts

No Expectation or Obligation. The Company and Employee acknowledge and agree that the surrender and cancellation of the Cancelled Options described herein shall be without any expectation of the Employee to receive, and without imposing any obligation on the Company to pay or grant, any cash, equity awards or other consideration presently or in the future in regard to the cancellation of the Cancelled Options.

Appears in 3 contracts

Samples: Stock Option Cancellation Agreement (Kirkland's, Inc), Stock Option Cancellation Agreement (Corrections Corp of America), Stock Option Cancellation Agreement (Gaylord Entertainment Co /De)

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No Expectation or Obligation. The Optionee and the Company and Employee acknowledge and agree that the surrender and cancellation of the Cancelled Options described herein shall be without any expectation of the Employee Optionee to receive, and without imposing any obligation on the Company to pay or grant, any cash, equity awards or other consideration presently or in the future in regard to connection with the surrender and cancellation of the such Cancelled Options.

Appears in 3 contracts

Samples: Share Option Cancellation Agreement (Iterum Therapeutics PLC), Share Option Cancellation Agreement (Iterum Therapeutics PLC), Share Option Cancellation Agreement (Iterum Therapeutics PLC)

No Expectation or Obligation. The Company and Employee acknowledge and agree that the surrender and cancellation of the Cancelled Options described herein shall be without any expectation of the Employee to receive, and without imposing any obligation on the Company to pay or grant, any cash, equity awards or other consideration presently or in the future in regard to the cancellation of the Cancelled Options.

Appears in 1 contract

Samples: Stock Option Cancellation Agreement (Alexanders J Corp)

No Expectation or Obligation. The Company Optionee and Employee the Corporation acknowledge and agree that the surrender and cancellation of the Cancelled Options described herein shall be without any expectation of the Employee Optionee to receive, and without imposing any obligation on the Company Corporation to pay or grant, any cash, equity awards or other consideration presently or in the future in regard to connection with the surrender and cancellation of the such Cancelled Options.

Appears in 1 contract

Samples: Stock Option Cancellation Agreement (Icagen Inc)

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No Expectation or Obligation. The Company and Employee acknowledge and agree that the surrender and cancellation of the Cancelled Options Option described herein shall be without any expectation of the Employee to receive, and without imposing any obligation on the Company to pay or grant, any cash, equity awards or other consideration presently or in the future in regard to the cancellation of the Cancelled OptionsOption.

Appears in 1 contract

Samples: Stock Option Cancellation Agreement (Lm Funding America, Inc.)

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