Common use of Officer Contract Rights Clause in Contracts

Officer Contract Rights. The election, appointment, retention, or employment of an Officer, by itself, does not create a contract between the Cooperative and the Officer. An Officer’s resignation or removal does not affect the Cooperative’s contract rights, if any, with the Officer.

Officer Contract Rights. The election, appointment, retention, election or employment appointment of an Officer, by itself, does not create a contract between the Cooperative and the Officer. An Officer’s resignation or removal does not affect the Cooperative’s contract rights, if any, with the Officer. An Officer’s resignation or removal does not affect the Officer’s contract rights, if any, with the Cooperative.