Common use of No Right to Awards Clause in Contracts

No Right to Awards. The Employee acknowledges and agrees that the sale of the Shares and the grant of any options that are awarded to the Employee in connection with the purchase of the Shares (i) are being made on an exceptional basis and are not intended to be renewed or repeated, (ii) are entirely voluntary on the part of the Company and its Subsidiaries and (iii) should not be construed as creating any obligation on the part of the Company or any of its Subsidiaries to offer any securities in the future.

Appears in 11 contracts

Samples: Separation and Release Agreement, Employee Stock Subscription Agreement (Servicemaster Co), Employee Stock Subscription Agreement (Servicemaster Co)

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No Right to Awards. The Employee acknowledges and agrees that the sale of the Shares and the grant of any options that are awarded to the Employee in connection with the purchase of the Shares (i) are being made on an exceptional basis and are not intended to be renewed or repeated, (ii) are entirely voluntary on the part of the Company and its Subsidiaries and (iii) should not be construed as creating any obligation on the part of the Company or any of its Subsidiaries to offer any securities in the future.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (Unistrut International Holdings, LLC)

No Right to Awards. The Employee acknowledges and agrees that the sale of the Shares and the grant of any options that are awarded to the Employee in connection with the purchase of the Shares (i) are being made on an exceptional basis and are not intended to be renewed or repeated, (ii) are entirely voluntary on the part of the Company and its the Subsidiaries and (iii) should not be construed as creating any obligation on the part of the Company or any of its the Subsidiaries to offer any securities in the future.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (SiteOne Landscape Supply, Inc.)

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No Right to Awards. The Employee acknowledges and agrees that the sale of the Shares and the grant of any options that are awarded to the Employee in connection with the purchase of the Shares (i) are is being made on an exceptional basis and are is not intended to be renewed or repeated, (ii) are is entirely voluntary on the part of the Company and its Subsidiaries and (iii) should not be construed as creating any obligation on the part of the Company or any of its the Subsidiaries to offer any securities in the future.

Appears in 1 contract

Samples: Employee Stock Subscription Agreement (PharMEDium Healthcare Holdings, Inc.)

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