Common use of No Special Rights Clause in Contracts

No Special Rights. Nothing contained in the Plan or in this Agreement shall be construed or deemed by any person under any circumstances to bind the Company to continue the affiliation of the Optionee, as either employee or consultant or director, with the Company for the period within which this Option may be exercised. If Optionee is an employee of the Company, he/she acknowledges the he/she is an employee “at will” and that Company provides no guarantee or assurance of Optionee’s employment with Company prior to or after the vesting dates contained in Section 3 above.

Appears in 5 contracts

Samples: Stock Option Agreement (Cognex Corp), Stock Option Agreement (Cognex Corp), Stock Option Agreement (Cognex Corp)

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No Special Rights. Nothing contained in the Plan or in this Agreement shall be construed or deemed by any person under any circumstances to bind the Company to continue the affiliation of the Optionee, Optionee as either an employee or consultant or director, with the Company for the period within which this Option may be exercised. If The Optionee is an employee of the Company, he/she acknowledges the he/she is an employee “at will” and that Company provides no guarantee or assurance of the Optionee’s employment with Company prior to or after the vesting dates contained in Section 3 above.

Appears in 1 contract

Samples: Stock Option Agreement (Cognex Corp)

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No Special Rights. Nothing contained in the Plan or in this Agreement shall be construed or deemed by any person under any circumstances to bind the Company to continue the affiliation of the Optionee, as either employee or consultant or director, with the Company for the period within which this Option may be exercised. If Optionee is an employee of the Company, he/she acknowledges the he/she is an employee “at will” and that Company provides no guarantee or assurance of Optionee’s employment with Company prior to or after the vesting dates contained in Section 3 above. 11.

Appears in 1 contract

Samples: Stock Option Agreement (Cognex Corp)

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