Common use of Not a Service Contract Clause in Contracts

Not a Service Contract. Your Stock Option 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 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), Employment Agreement (Pathmark Stores Inc)

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