Common use of OPTION NOT AN EMPLOYMENT CONTRACT Clause in Contracts

OPTION NOT AN EMPLOYMENT CONTRACT. This option is not an employment contract and nothing in this option creates in any way whatsoever any obligation on your part to continue in the employ of the Company, or of the Company to continue your employment with the Company. In the event this option is granted to you in connection with the performance of services as a director or consultant, references to employment, employee and similar terms shall be deemed to include the performance of services as a director or consultant; provided, however, that no rights as an employee shall arise by reason of the use of such terms.

Appears in 2 contracts

Samples: Vanguard Airlines Inc \De\, Vanguard Airlines Inc \De\

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OPTION NOT AN EMPLOYMENT CONTRACT. This option is not an employment contract and nothing in this option creates in any way whatsoever any obligation on your part to continue in the employ of the Company, or of the Company to continue your employment with the Company. In the event that this option is granted to you in connection with the performance of services as a director consultant or consultantdirector, references to employment, employee and similar terms shall be deemed to include the performance of services as a director consultant or consultant; provideda director, however, that no rights as an employee shall arise by reason of the use of such terms.case

Appears in 1 contract

Samples: Tularik Inc

OPTION NOT AN EMPLOYMENT CONTRACT. This option is not an employment contract and nothing in this option creates in any way whatsoever any obligation on your part to continue in the employ of the CompanyCompany or a Company Affiliate, or of the Company or a Company Affiliate to continue your employment with the CompanyCompany or any Company Affiliate. In addition, nothing in your option shall obligate the event this option is granted Company or a Company Affiliate, their respective stockholders, boards of directors, officers or employees to continue any relationship that you in connection with the performance of services might have as a director Director or consultant, references to employment, employee and similar terms shall be deemed to include Consultant for the performance of services as a director Company or consultant; provided, however, that no rights as an employee shall arise by reason of the use of such termsany Company Affiliate.

Appears in 1 contract

Samples: Stock Option Agreement (Broadvision Inc)

OPTION NOT AN EMPLOYMENT CONTRACT. This option is not an employment contract and nothing in this option creates in any way whatsoever any obligation on your part to continue in the employ of the Company, or of the Company to continue your employment with the Company. In the event that this option is granted to you in connection with the performance of services as a director consultant or consultantdirector, references to employment, employee and similar terms shall be deemed to include the performance of services as a director consultant or consultant; a director, as the case may be, provided, however, that no rights as an employee shall arise by reason of the use of such terms.

Appears in 1 contract

Samples: Tularik Inc

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OPTION NOT AN EMPLOYMENT CONTRACT. This option is not an employment contract and nothing in this option creates shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company, or of the Company to continue your employment with the Company. In the event this option is granted to you in connection with the performance of services as a director or consultant, references References to employment, employee and or similar terms shall be deemed to include the performance of services as a director or bona fide consultant; , provided, however, that no rights as an employee shall arise solely by reason of the use of such terms.

Appears in 1 contract

Samples: Employment Agreement (Vixel Corp)

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