Common use of Not Part of Employment Contract; Discontinuance of Employment Clause in Contracts

Not Part of Employment Contract; Discontinuance of Employment. This Agreement awards Restricted Stock to the Participant, but does not impose any obligation on the Company to make any future grants or issue any future awards to the Participant or otherwise continue the participation of the Participant under the Plan. This Agreement will not give the Participant a right to continued employment or Service with the Company or any Affiliate, and the Company or Affiliate employing the Participant may terminate his or her Service and otherwise deal with the Participant without regard to the effect it may have upon him or her under this Agreement By executing this Agreement, the Participant expressly acknowledges the above.

Appears in 4 contracts

Samples: Restricted Stock Agreement (HMN Financial Inc), Restricted Stock Agreement (Surmodics Inc), Restricted Stock Agreement (HMN Financial Inc)

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Not Part of Employment Contract; Discontinuance of Employment. This The Employee acknowledges that this Agreement awards Restricted Stock restricted stock to the ParticipantEmployee, but does not impose any obligation on the Company to make any future grants or issue any future awards Awards to the Participant Employee or otherwise continue the participation of the Participant Employee under the Plan. This Agreement will shall not give the Participant Employee a right to continued employment or Service with the Company or any Affiliate, and the Company or Affiliate employing the Participant Employee may terminate his or her Service employment and otherwise deal with the Participant Employee without regard to the effect it may have upon him or her under this Agreement By executing this Agreement, the Participant expressly acknowledges the above.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Piper Jaffray Companies), Piper Jaffray Companies (Piper Jaffray Companies), Piper Jaffray Companies (Piper Jaffray Companies)

Not Part of Employment Contract; Discontinuance of Employment. This Agreement awards Restricted Stock restricted stock to the ParticipantEmployee, but does not impose any obligation on the Company to make any future grants or issue any future awards to the Participant Employee or otherwise continue the participation of the Participant Employee under the Plan. This Agreement will shall not give the Participant Employee a right to continued employment or Service with the Company or any Affiliate, and the Company or Affiliate employing the Participant Employee may terminate his or her Service employment and otherwise deal with the Participant Employee without regard to the effect it may have upon him or her under this Agreement By executing this Agreement, the Participant Employee expressly acknowledges the above.

Appears in 2 contracts

Samples: Restricted Stock Agreement (HMN Financial Inc), Restricted Stock Agreement (HMN Financial Inc)

Not Part of Employment Contract; Discontinuance of Employment. This Agreement awards Restricted Stock Performance Shares to the Participant, but does not impose any obligation on the Company to make any future grants or issue any future awards to the Participant or otherwise continue the participation of the Participant under the Plan. This Agreement will not give the Participant a right to continued employment or Service with the Company or any Affiliate, and the Company or Affiliate employing the Participant may terminate his or her Service and otherwise deal with the Participant without regard to the effect it may have upon him or her under this Agreement By executing this Agreement, the Participant expressly acknowledges the above.

Appears in 1 contract

Samples: Share Award Agreement (Surmodics Inc)

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Not Part of Employment Contract; Discontinuance of Employment. This Agreement awards Restricted Stock restricted stock to the ParticipantEmployee, but does not impose any obligation on the Company to make any future grants or issue any future awards to the Participant Employee or otherwise continue the participation of the Participant Employee under the Plan. This Agreement will shall not give the Participant Employee a right to continued employment or Service with the Company or any Affiliate, and the Company or Affiliate employing the Participant Employee may terminate his or her Service employment and otherwise deal with the Participant Employee without regard to the effect it may have upon him or her under this Agreement Agreement. By executing this Agreement, the Participant Employee expressly acknowledges the above.

Appears in 1 contract

Samples: Restricted Stock Agreement (Hawkins Inc)

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