Common use of No Special Employment Rights Clause in Contracts

No Special Employment Rights. The provisions of this Section 9 are applicable only to Optionee's who are employees of the Company. Nothing contained in the Plan or this Option shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 28 contracts

Samples: Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc)

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No Special Employment Rights. The provisions of this Section 9 are applicable only to Optionee's Optionees who are employees of the Company. Nothing contained in the Plan or this Option shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 16 contracts

Samples: Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc)

No Special Employment Rights. The provisions of this Section 9 are applicable only to Optionee's Optionees who are employees of the Company. Nothing contained in the Plan or this Option shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Life Medical Sciences Inc), Stock Option Agreement (Life Medical Sciences Inc)

No Special Employment Rights. The provisions of this Section 9 are applicable only to Optionee's Optionees who are employees of the Company. Nothing contained in the Plan or this Option Agreement shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 1 contract

Samples: Non Qualified Stock Option Agreement (Life Medical Sciences Inc)

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No Special Employment Rights. The provisions of this Section 9 are applicable only to Optionee's who are employees employ ees of the Company. Nothing contained in the Plan or this Option shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Life Medical Sciences Inc)

No Special Employment Rights. -3- The provisions of this Section 9 are applicable only to Optionee's who are employees of the Company. Nothing contained in the Plan or this Option shall be construed or deemed by any person under any circumstances to bind the Company to continue the employment of the Optionee for the period within which this Option may be exercised. However, during the period of the Optionee's employment, the Optionee shall render diligently and faithfully the services which are assigned to the Optionee from time to time by the Board of Directors or by the executive officers of the Company and shall at no time take any action which directly or indirectly would be inconsistent with the best interests of the Company.

Appears in 1 contract

Samples: Stock Option Agreement (Life Medical Sciences Inc)

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