Common use of Exercise of the Option Clause in Contracts

Exercise of the Option. The Optionee may exercise the Option, from time to time and at any time, beginning on the first anniversary of this Agreement. The grant of the Option shall not confer upon the Optionee any right to be employed by the Company nor limit in any way the right of the Company to terminate the employment of the Optionee at any time.

Appears in 27 contracts

Samples: Stock Option Agreement (Guitammer Co), Note Purchase Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co)

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Exercise of the Option. The Optionee may exercise the Option, from time to time and at any time, beginning on the first anniversary of this Agreement. The grant of the Option shall not confer upon the Optionee any right to be employed by the Company nor limit in any way the right of the Company to terminate the employment of the Optionee at any time.

Appears in 5 contracts

Samples: Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co), Stock Option Agreement (Guitammer Co)

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