Common use of Service Not Affected Clause in Contracts

Service Not Affected. Nothing in the Plan or this Award Agreement shall confer upon the Participant the right to continue as a director of the Company or affect any right which the Company may have to terminate the Participant. Notwithstanding any provision to the contrary in this Agreement, upon the termination of the Participant’s service with the Company, Section 6.4 of the Plan shall govern the Participant’s rights in the Option Shares.

Appears in 4 contracts

Samples: Non Qualified Stock Option Award Agreement (Guardian Technologies International Inc), Non Qualified Stock Option Award Agreement (Guardian Technologies International Inc), Non Qualified Stock Option Award Agreement (Guardian Technologies International Inc)

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Service Not Affected. Nothing in the Plan or this Award Agreement shall confer upon the Participant the right to continue as a director Director of the Company or affect any right which the Company may have to terminate the Participant’s service. Notwithstanding any provision to the contrary in this Award Agreement, upon the termination of the Participant’s service position with the Company, Section 6.4 6.1 of the Plan and the terms of this Award Agreement shall govern the Participant’s rights in the Option Shares.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Tecogen Inc.)

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