Common use of Service Relationship Clause in Contracts

Service Relationship. For purposes of this Agreement, the Executive shall be considered to be in service to the Company as long as the Executive remains an Employee, an Officer, a Consultant or a Director (as those terms are defined in the Plan). Nothing in the adoption of the Plan, nor the award of the Restricted Shares thereunder pursuant to this Agreement, shall confer upon the Executive the right to continued service by or with the Company.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Cyberonics Inc), Executive Restricted Stock Agreement (Cyberonics Inc), Executive Restricted Stock Agreement (Cyberonics Inc)

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Service Relationship. For purposes of this Agreement, the Executive shall be considered to be in service to the Company as long as the Executive remains an Employee, an Officer, a Consultant or a Director (as those continues to be employed pursuant to the terms are defined in of the Plan)Employment Agreement. Nothing in the adoption of the Plan, nor or the award of the Restricted Shares thereunder pursuant to this Agreement, shall confer upon the Executive the right to continued service by or with the Company, except as provided in the Employment Agreement.

Appears in 1 contract

Samples: Executive Restricted Stock Agreement (Cyberonics Inc)

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