Common use of Non-Guarantee of Employment Clause in Contracts

Non-Guarantee of Employment. Nothing in the Plan or in this Agreement shall confer on an individual any legal or equitable right against the Corporation or the Administrator, except as expressly provided in the Plan or this Agreement. Nothing in the Plan or in this Agreement shall (a) constitute inducement, consideration, or contract for employment or service between an individual and the Corporation; (b) confer any right on an individual to continue in the service of the Corporation; or (c) shall interfere in any way with the right of the Corporation to terminate such service at any time with or without cause or notice, or to increase or decrease compensation for such service.

Appears in 21 contracts

Samples: Stock Option Grant Agreement (Go-Page Corp), Non Qualified Stock Option Grant Agreement (Go-Page Corp), Qualified Stock Option Grant Agreement (Scio Diamond Technology Corp)

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Non-Guarantee of Employment. Nothing in the Plan or in this Agreement shall confer on an individual any legal or equitable right against the Corporation or the AdministratorCommittee, except as expressly provided in the Plan or this Agreement. Nothing in the Plan or in this Agreement shall shall: (a) constitute an inducement, consideration, or a contract for employment or service between an individual and the CorporationCorporation or the Bank; (b) confer any right on an individual to continue in the service of the CorporationCorporation or the Bank; or (c) shall interfere in any way with the right of the Corporation or the Bank to terminate such service at any time with or without cause or notice, or to increase or decrease compensation for such service.

Appears in 5 contracts

Samples: Incentive Stock Option Grant Agreement, Stock Option Grant Agreement (Carroll Bancorp, Inc.), Incentive Stock Option Grant Agreement (Carroll Bancorp, Inc.)

Non-Guarantee of Employment. Nothing in the Plan or in this Agreement shall confer on an individual any legal or equitable right against the Corporation Company or the Administrator, except as expressly provided in the Plan or this Agreement. Nothing in the Plan or in this Agreement shall shall: (a) constitute an inducement, consideration, or a contract for employment or service between an individual and the CorporationCompany or the Bank; (b) confer any right on an individual to continue in the service of the CorporationCompany or the Bank; or (c) shall interfere in any way with the right of the Corporation Company or the Bank to terminate such service at any time with or without cause or notice, or to increase or decrease compensation for such service.

Appears in 4 contracts

Samples: Stock Option Grant Agreement (Howard Bancorp Inc), Incentive Stock Option Grant Agreement (Howard Bancorp Inc), Stock Option Grant Agreement (WSB Holdings Inc)

Non-Guarantee of Employment. Nothing in the Plan or in this Agreement shall confer on an individual any legal or equitable right against the Corporation Company or the Administrator, except as expressly provided in the Plan or this Agreement. Nothing in the Plan or in this Agreement shall shall: (a) constitute inducement, consideration, or contract for employment or service between an individual and the CorporationCompany or the Bank; (b) confer any right on an individual to continue in the service of the CorporationCompany or the Bank; or (c) shall interfere in any way with the right of the Corporation Company or the Bank to terminate such service at any time with or without cause or notice, or to increase or decrease compensation for such service.

Appears in 2 contracts

Samples: Stock Option Grant Agreement (WSB Holdings Inc), Stock Option Grant Agreement (WSB Holdings Inc)

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Non-Guarantee of Employment. Nothing in the Plan or in this Agreement shall confer on an individual any legal or equitable right against the Corporation Company or the Administrator, except as expressly provided in the Plan or this Agreement. Nothing in the Plan or in this Agreement shall shall: (a) constitute an inducement, consideration, or a contract for employment or service between an individual and the CorporationCompany or any Affiliate; (b) confer any right on an individual to continue in the service of the CorporationCompany or any Affiliate; or (c) shall interfere in any way with the right of the Corporation Company or any Affiliate to terminate such service at any time with or without cause or notice, or to increase or decrease compensation for such service.

Appears in 2 contracts

Samples: Incentive Stock Option Grant Agreement (Mechanical Technology Inc), Stock Option Grant Agreement (Mechanical Technology Inc)

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