Common use of Not a Service Contract Clause in Contracts

Not a Service Contract. Your Award is not an employment or service contract, and nothing therein shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or one of its subsidiaries, or of the Company or any of its subsidiaries to continue your employment. In addition, nothing herein shall obligate you or the Company or any of its subsidiaries, their respective shareholders, Boards of Directors, officers or employees to continue any relationship that you might have as a director, advisor or consultant for the Company or its subsidiaries.

Appears in 5 contracts

Samples: Employment Agreement (Pathmark Stores Inc), Employment Agreement (Pathmark Stores Inc), Award Agreement (Pathmark Stores Inc)

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Not a Service Contract. Your Award is not an employment or service contract, and nothing therein in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or one of its subsidiariesan Affiliate, or on the part of the Company or any of its subsidiaries an Affiliate to continue your employment. In addition, nothing herein shall obligate you or the Company or any of its subsidiaries, their respective shareholders, Boards of Directors, officers or employees to continue any relationship that you might have as a director, advisor or consultant for the Company or its subsidiaries.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Crocs, Inc.)

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