Common use of Limitation of Rights Clause in Contracts

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 35 contracts

Samples: Non Statutory Stock Option Award Agreement (FedFirst Financial Corp), Award Agreement (Franklin Financial Corp), Form of Incentive Stock Option Award Agreement (United Community Bancorp)

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Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliateaffiliate.

Appears in 3 contracts

Samples: Stock Option Award Agreement (Coastal Financial Corp), Stock Option Award Agreement (Beneficial Bancorp Inc.), Stock Option Award Agreement (Sandy Spring Bancorp Inc)

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as of a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Kentucky First Federal Bancorp

Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as a shareholder of the Company unless and until the Shares shares of Stock are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Stock Option Award Agreement (MB Bancorp Inc)

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Limitation of Rights. This Option does not confer on you or your beneficiary designated pursuant to Paragraph 5 any rights as of a shareholder of the Company unless and until the Shares are in fact issued in connection with the exercise of the Option. Nothing in this Award Agreement shall interfere with or limit in any way the right of the Company or any Affiliate to terminate your employment service at any time, nor confer upon you any right to continue in the service of the Company or any Affiliate.

Appears in 1 contract

Samples: Kentucky First Federal Bancorp

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