Optionee Service Sample Clauses
The 'Optionee Service' clause defines the rights and obligations of a party (the optionee) who is granted an option under an agreement, typically to purchase or license certain assets, services, or rights. This clause outlines the specific services the optionee may access or is required to perform during the option period, such as due diligence, evaluation, or preparatory activities related to the potential exercise of the option. By clearly delineating the scope of permissible activities and responsibilities, the clause ensures both parties understand what is allowed before the option is exercised, thereby reducing misunderstandings and facilitating a smoother transaction process.
Optionee Service. Nothing in this Option shall limit the right of the Corporation or any of its Affiliates to terminate the Optionee's service as a director, advisory director, or employee, or otherwise impose upon the Corporation or any of its Affiliates any obligation to employ or accept the services of the Optionee.
Optionee Service. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Subsidiary or Affiliate to terminate the Optionee’s employment or service at any time, nor confer upon the Optionee any right to continue in the employ or service of the Company or any Subsidiary or Affiliate.
Optionee Service. Nothing in this Option shall limit the right of TCF Financial or any of its affiliates to terminate the Optionee’s service as a director, officer, or employee, or otherwise impose upon TCF Financial or any of its affiliates any obligation to employ or accept the services of the Optionee.