Relationship with Optionee Sample Clauses
The 'Relationship with Optionee' clause defines the legal and practical nature of the connection between the parties, specifically clarifying the status of the optionee in relation to the grantor or company. Typically, this clause states that the optionee is not considered an employee, partner, or agent solely by virtue of holding or exercising an option, and does not acquire any rights beyond those explicitly granted in the agreement. Its core function is to prevent misunderstandings or unintended legal obligations by making clear that the optionee’s rights and responsibilities are limited to those specified in the option agreement.
Relationship with Optionee. Nothing in the Plan or this Agreement (including, without limitation, the grant of the Option evidenced hereunder or the purchase of any Shares upon exercise of the Option pursuant to this Agreement) shall confer on the Optionee any right to continue in the employ of, or other relationship with, the Company, or any Parent or Subsidiary, or limiting in any way the right of the Company to terminate the Optionee’s employment or other relationship with the Company or any Parent or Subsidiary at any time, for any reason or no reason.
Relationship with Optionee. Nothing in this Agreement shall be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature that the Company shall employ or engage Optionee, nor shall this Agreement affect in any way the right of the Company to terminate the relationship between the Company and the Optionee at any time and for any reason.