Common use of No Other Compensation; Employee at Will Clause in Contracts

No Other Compensation; Employee at Will. Except and to the extent specifically provided in Section 3 above, no amount or benefit shall be due or payable to the Executive, and no obligation or liability due or owing by Asyst, under this Agreement or otherwise in respect of termination of his employment (at any time or within two years following a Change in Control). This Agreement shall not be construed as creating an express or implied contract of employment and, except and to the extent specifically otherwise agreed in writing between the Executive and Asyst, the Executive is and shall remain an “employee at will” and shall not have any right or expectation (reasonable or otherwise) to be retained or continue in the employ of Asyst.

Appears in 7 contracts

Samples: Control Agreement (Asyst Technologies Inc /Ca/), In Control Agreement (Asyst Technologies Inc), Control Agreement (Asyst Technologies Inc)

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No Other Compensation; Employee at Will. Except and to the extent specifically as provided in Section 3 above, no amount or benefit shall be due or payable to the Executive, and no obligation or liability due or owing by Asyst, Executive under this Agreement or otherwise in respect of termination of his employment (at any time or within two years following a Change in Control). This Agreement shall not be construed as creating an express or implied contract of employment and, except and to the extent specifically as otherwise agreed in writing between the Executive and Asyst, the Executive is and shall remain an “employee at will” and shall not have any right or expectation (reasonable or otherwise) to be retained or continue in the employ of Asyst.

Appears in 2 contracts

Samples: In Control Agreement (Asyst Technologies Inc /Ca/), Control Agreement (Asyst Technologies Inc /Ca/)

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