Common use of No Obligation to Continue Service Clause in Contracts

No Obligation to Continue Service. This Agreement is not an agreement of employment or consulting services. This Agreement does not guarantee that the Company or its Affiliates will retain, or continue to retain the Participant as a director or in any other capacity during the entire, or any portion of the, term of this Agreement, including but not limited to any period during which the SARs are outstanding, nor does it modify in any respect the Company or its Affiliate’s right to terminate or modify the Participant’s service or compensation.

Appears in 1 contract

Samples: Non Tandem Stock Appreciation Rights Agreement (Maidenform Brands, Inc.)

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No Obligation to Continue Service. This Agreement is not an agreement of employment or consulting servicesservice. This Agreement does not guarantee that the Company or its Affiliates will employ or retain, or to continue to to, employ or retain the Participant as a director or in any other capacity during the entire, or any portion of the, term of this Agreement, including including, but not limited to to, any period during which the SARs are outstanding, nor does it modify in any respect the Company Company’s or any of its Affiliateaffiliate’s right rights to terminate or modify the Participant’s service or compensationcompensation at any time.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Fentura Financial Inc)

No Obligation to Continue Service. This Agreement is not an agreement of employment or consulting servicesservice. This Agreement does not guarantee that the Company or its Affiliates affiliates will employ or retain, or to continue to to, employ or retain the Participant as a director or in any other capacity Grantee during the entire, or any portion of the, term of this Agreement, including including, but not limited to to, any period during which the SARs are outstanding, nor does it modify in any respect the Company Company’s or any of its Affiliateaffiliate’s right rights to terminate or modify the ParticipantGrantee’s service or compensationcompensation at any time.

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (BioNeutral Group, Inc)

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No Obligation to Continue Service. This Agreement is not an agreement of employment or consulting servicesretention. This Agreement does not guarantee that the Company or its Affiliates subsidiaries will retainemploy, retain or continue to employ or retain the Participant as a director or in any other capacity Holder during the entire, entire term of this Agreement (or any portion of the, term of this Agreementthereof), including but not limited to any period during which the SARs are SAR is outstanding, nor does it modify in any respect the Company Company’s or its Affiliate’s subsidiaries’ right to terminate or modify the ParticipantHolder’s service employment or retention or compensation.

Appears in 1 contract

Samples: Equity Awards Plan (Nbty Inc)

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