Common use of No Additional Employment Rights Clause in Contracts

No Additional Employment Rights. Xxxxxxx understands and agrees that the vesting of Options pursuant to the Vesting Schedule is earned only by continuing as a provider of Services (not through the act of being hired, being granted this Option or acquiring Shares). Xxxxxxx further acknowledges and agrees that nothing in this Agreement or the Plan shall confer upon Grantee any right with respect to continuation as an Employee, Non-Employee Director, Consultant, or service provider with the Company or any Subsidiary or Affiliated Entity, nor shall it interfere in any way with his or her right to or the Company’s or any Subsidiary’s or Affiliated Entity’s right to terminate his or her Service relationship at any time, with or without cause.

Appears in 3 contracts

Samples: Stock Option Plan (Targanta Therapeutics Corp.), Stock Option Plan (Targanta Therapeutics Corp.), Stock Option Plan (Targanta Therapeutics Corp.)

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No Additional Employment Rights. Xxxxxxx Grantee understands and agrees that the vesting of Options pursuant to the Vesting Schedule is earned only by continuing as a provider of Services (not through the act of being hired, being granted this Option or acquiring Shares). Xxxxxxx Grantee further acknowledges and agrees that nothing in this Agreement or the Plan shall confer upon Grantee any right with respect to continuation as an Employee, Non-Employee Director, Consultant, or service provider with the Company or any Subsidiary or Affiliated Entity, nor shall it interfere in any way with his or her right to or the Company’s or any Subsidiary’s or Affiliated Entity’s right to terminate his or her Service relationship at any time, with or without cause.

Appears in 1 contract

Samples: Option Agreement (Targanta Therapeutics Corp.)

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