Common use of Service Relationship Clause in Contracts

Service Relationship. For purposes of this Agreement, the Employee shall be considered to be in service to the Company as long as the Employee remains an Employee, a Consultant or a Employee (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 Employee the right to continued service by or with the Company.

Appears in 4 contracts

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

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Service Relationship. For purposes of this Agreement, the Employee shall be considered to be in service to the Company as long as the Employee remains an Employee, a Consultant or a Employee 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 Employee the right to continued service by or with the Company.

Appears in 1 contract

Samples: Employee Restricted Stock Agreement (Cyberonics Inc)

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