Common use of No Guaranteed Employment Clause in Contracts

No Guaranteed Employment. The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you at any time, with or without cause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer; to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority.

No Guaranteed Employment. The granting of the Option shall impose no obligation upon you the Participant to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company or Employer to terminate you the Participant at any time, with or without cause, or shall be deemed to create any rights to your employmentemployment on the part of the Participant. The rights and obligations arising under this Agreement are not intended to and do not affect your the employment relationship that otherwise exists between you the Company and the Company or EmployerParticipant, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you the Company and the Company or EmployerParticipant; to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority.

No Guaranteed Employment. The granting of the Option shall impose no obligation upon you to exercise the Option or any part thereof. Nothing contained in this Agreement shall affect the right of the Company Company, the Employer or Employer another Subsidiary or Affiliate, as applicable, to terminate you at any time, with or without causeCause, or shall be deemed to create any rights to your employment. The rights and obligations arising under this Agreement are not intended to and do not affect your employment relationship that otherwise exists between you and the Company or Employer, whether such employment relationship is at will or defined by an employment contract. Moreover, this Agreement is not intended to and does not amend any existing employment contract between you and the Company or Employer; to the extent there is a conflict between this Agreement and such an employment contract, the employment contract shall govern and take priority.