Common use of No Right to Compensation Clause in Contracts

No Right to Compensation. This option shall not form part of the terms and conditions of the Optionee's employment with the Company and the Optionee shall have no right to any compensation arising from the loss of the Optionee's entitlements to or under this option or the Option Shares as a result of the termination of the Optionee's employment (for any reason whatsoever) whether such compensation is claimed by way of damages for unfair or wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise howsoever.

Appears in 2 contracts

Samples: Incentive Stock Option Agreement (Iona Technologies PLC), Incentive Stock Option Agreement (Iona Technologies PLC)

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No Right to Compensation. This option shall not form part of the terms and conditions of the Optionee's employment Business Relationship with the Company and the Optionee shall have no right to any compensation arising from the loss of the Optionee's entitlements to or under this option or the Option Shares as a result of the termination of the Optionee's employment Business Relationship with the Company (for any reason whatsoever) whether such compensation is claimed by way of damages for unfair or wrongful dismissal or other breach of contract or by way of compensation for loss of office or otherwise howsoever.

Appears in 2 contracts

Samples: Qualified Share Option Agreement (Iona Technologies PLC), Qualified Share Option Agreement (Iona Technologies PLC)

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