Common use of No Right to Continued Retention Clause in Contracts

No Right to Continued Retention. The award of Option Shares hereunder shall not be construed as giving the Optionee the right to continue as an employee of the Company or any affiliate.

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (First Reliance Bancshares Inc), Qualified Stock Option Agreement (Community Capital Bancshares Inc)

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No Right to Continued Retention. The award of Option Shares hereunder shall not be construed as giving the Optionee optionee the right to continue as an employee a member of the Board of Directors of the Company or any affiliate.

Appears in 2 contracts

Samples: Isa Odidi and Amina Odidi (IntelliPharmaCeutics International Inc.), Non Qualified Stock Option Agreement (Community Capital Bancshares Inc)

No Right to Continued Retention. The award of Option Shares ----------------------------------- hereunder shall not be construed as giving the Optionee the right to continue as an employee of the Company or any affiliate.

Appears in 1 contract

Samples: Qualified Stock Option Agreement (Community Capital Bancshares Inc)

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No Right to Continued Retention. The award of Option Shares hereunder shall not be construed as giving the Optionee the right to continue as an employee of continued employment by the Company or any affiliateAffiliate or the continued use of the Optionee’s services by the Company or any Affiliate.

Appears in 1 contract

Samples: Non Qualified Stock Option Award (Health Discovery Corp)

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