Common use of Term of Employment; Employment Status Clause in Contracts

Term of Employment; Employment Status. Employee shall provide services pursuant to this Agreement until the termination of Employee’s employment for any reason (such period, the “Term of Employment”). Notwithstanding the foregoing, or anything to the contrary herein, nothing in this Agreement (i) confers upon Employee the right to continue in the employment of the Company or to the right to hold any particular office or position with the Company, (ii) except as set forth herein, entitles Employee to receive any specified annual salary or bonus or other compensation or (iii) interferes with or restricts in any way the right of the Company to terminate Employee’s employment at any time, with or without Cause.

Appears in 3 contracts

Samples: Executive Employment Agreement (Flux Power Holdings, Inc.), Executive Employment Agreement (Flux Power Holdings, Inc.), Employment Agreement (Flux Power Holdings, Inc.)

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Term of Employment; Employment Status. Employee shall provide services the Services pursuant to this Agreement until the termination of Employee’s employment for any reason (such period, the “Term of Employment”). Notwithstanding the foregoing, or anything to the contrary herein, nothing in this Agreement Agreement: (i) confers upon Employee the right to continue in the employment of the Company or to the right to hold any particular office or position with the Company, (ii) except as set forth herein, entitles Employee to receive any specified annual salary or bonus or other compensation or (iii) interferes with or restricts in any way the right of the Company to terminate Employee’s employment at any time, with or without Cause.

Appears in 1 contract

Samples: Executive Employment Agreement (Flux Power Holdings, Inc.)

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