Common use of No Right to Continue as a Director Clause in Contracts

No Right to Continue as a Director. Neither the Plan nor this option shall constitute or be evidence of any agreement or 3 understanding, express or implied, that the Optionee has a right to continue as a member of the Company's Board of Directors for any period of time.

Appears in 4 contracts

Samples: Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc), Non Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

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No Right to Continue as a Director. Neither the Plan Plan, nor this option the granting of any options, nor any other action taken pursuant to the Plan, shall constitute or be evidence of any agreement or 3 understanding, express or implied, that the Optionee has Company will retain a right to continue recipient as a member of the Company's Board of Directors director for any period of time, or at any particular rate of compensation.

Appears in 2 contracts

Samples: Option Assumption Agreement (First Sterling Banks Inc), Option Assumption Agreement (First Sterling Banks Inc)

No Right to Continue as a Director. Neither the Plan nor this option shall constitute or be evidence of any agreement or 3 understanding, express or implied, that the Optionee has a right to continue as a member of the Company's ’s Board of Directors for any period of time, or at any particular rate of compensation.

Appears in 2 contracts

Samples: Qualified Stock Option Agreement (Hanger, Inc.), Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

No Right to Continue as a Director. Neither the Plan, nor the granting of any of the Periodic Options under the Plan and this Agreement, nor this option shall any other action taken pursuant to the Plan, will constitute or be evidence of any agreement or 3 understanding, express or implied, that the Company will retain the Optionee has a right to continue as a member director of the Company's Board of Directors Company for any period of time, or at any particular rate of compensation.

Appears in 1 contract

Samples: Master Agreement (Ecolab Inc)

No Right to Continue as a Director. Neither the Plan nor this option shall constitute or be evidence of any agreement or 3 understanding, express or implied, that the Optionee has a right to continue as a member of the Company's ’s Board of Directors for any period of time, or at any particular rate of compensation.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Hanger, Inc.)

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No Right to Continue as a Director. Neither the Plan nor this option shall constitute or be evidence of any agreement or 3 understanding, express or implied, that the Optionee has a right to continue as a member of the Company's Board of Directors for any 3 period of time.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Hanger Orthopedic Group Inc)

No Right to Continue as a Director. Neither the Plan, nor the granting of any of the Options under the Plan and this Agreement, nor this option shall any other action taken pursuant to the Plan, will constitute or be evidence of any agreement or 3 understanding, express or implied, that the Company will retain the Optionee has a right to continue as a member director of the Company's Board of Directors Company for any period of time, or at any particular rate of compensation.

Appears in 1 contract

Samples: Master Agreement (Ecolab Inc)

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