Common use of No Rights to Service Clause in Contracts

No Rights to Service. The Participant acknowledges and agrees that the vesting of the Shares pursuant to Section 2 hereof is earned only by continuing service as a director of, or advisor or consultant to, the Company, (not through the act of being granted the Shares hereunder). The Participant further acknowledges and agrees that the transactions contemplated hereunder and the vesting schedule set forth herein do not constitute an express or implied promise of continued engagement as a director or consultant for the vesting period, for any period, or at all.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Bottomline Technologies Inc /De/), Restricted Stock Agreement (Bottomline Technologies Inc /De/), Restricted Stock Agreement (Bottomline Technologies Inc /De/)

AutoNDA by SimpleDocs

No Rights to Service. The Participant acknowledges and agrees that the vesting of the Shares pursuant to Section 2 hereof is earned only by continuing service as a director of, or advisor or consultant to, an employee at the Company, will of the Company (not through the act of being granted the Shares hired or purchasing shares hereunder), advisor to the Company or member of the Company’s Board of Directors. The Participant further acknowledges and agrees that the transactions contemplated hereunder and the vesting schedule set forth herein do not constitute an express or implied promise of continued engagement as a an employee, director or consultant advisor for the vesting period, for any period, or at all.

Appears in 3 contracts

Samples: Restricted Stock Agreement (PTC Therapeutics, Inc.), Restricted Stock Agreement (PTC Therapeutics, Inc.), Restricted Stock Agreement (PTC Therapeutics, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.