Common use of Not an Employment or Service Contract Clause in Contracts

Not an Employment or Service Contract. Nothing in this Option or in the Plan shall be construed as an agreement by the Company, express or implied, to employ Employee or contract for Employee's services, to restrict the right of the Company to discharge Employee or cease contracting for Employee's services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between Employee and the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (International Remote Imaging Systems Inc /De/), Stock Option Agreement (International Remote Imaging Systems Inc /De/)

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Not an Employment or Service Contract. Nothing in this Option or in the Plan shall be construed as an agreement by the Company, express or implied, to employ Employee or contract for Employee's services, to restrict the right of the Company to discharge Employee or cease contracting for Employee's services or to modify, extend or otherwise affect in any manner whatsoever the terms of any employment agreement or contract for services which may exist between Employee and the Company.

Appears in 1 contract

Samples: Stock Option Agreement (International Remote Imaging Systems Inc /De/)

Not an Employment or Service Contract. Nothing in this Option or in the Plan shall is to be construed as an agreement by the Companyagreement, express or implied, by the Company or any of its subsidiaries to employ Employee you or contract for Employee's your services, to nor will it restrict the Company's or such subsidiary's right of the Company to discharge Employee you or cease contracting for Employee's your services or to modify, extend or otherwise affect in any manner whatsoever whatsoever, the terms of any employment agreement or contract for services which may exist between Employee you and the CompanyCompany or any of its subsidiaries.

Appears in 1 contract

Samples: Nonqualified Stock Option Award Agreement (Learning Tree International, Inc.)

Not an Employment or Service Contract. Nothing in this Option or in the Plan shall be construed as an agreement by the Company, express or implied, to employ Employee Optionee or contract for EmployeeOptionee's services, to restrict the right of the Company to discharge Employee Optionee or cease contracting for EmployeeOptionee's services or to modify, extend or otherwise affect in any manner whatsoever whatsoever, the terms of any employment agreement or contract for services which may exist between Employee the Optionee and the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Interactive Flight Technologies Inc)

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Not an Employment or Service Contract. Nothing in this Option or in the Plan shall is to be construed as an agreement by the Companyagreement, express or implied, by the Company or any of its subsidiaries to employ Employee you or contract for Employee's your services, to nor will it restrict the Company’s or such subsidiary’s right of the Company to discharge Employee you or cease contracting for Employee's your services or to modify, extend or otherwise affect in any manner whatsoever whatsoever, the terms of any employment agreement or contract for services which may exist between Employee you and the CompanyCompany or any of its subsidiaries.

Appears in 1 contract

Samples: Equity Incentive Agreement (Advance Nanotech, Inc.)

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