Common use of Rights of Holder Clause in Contracts

Rights of Holder. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon Holder any right to, or guarantee of, continued employment by, or service as a director or consultant to, the Company, or in any way limit the right of the Company to terminate Holder's relationship with the Company.

Appears in 6 contracts

Samples: Qualified Stock Option Agreement (Photoworks Inc /Wa), Qualified Stock Option Agreement (Photoworks Inc /Wa), Qualified Stock Option Agreement (Photoworks Inc /Wa)

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Rights of Holder. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon Holder any right to, or guarantee of, continued employment by, or service as a director or consultant to, the Company, or in any way limit the right of the Company to terminate HolderXxxxxx's relationship with the Company.

Appears in 4 contracts

Samples: Incentive Stock Option Agreement (Pacific Financial Corp), Nonqualified Stock Option Agreement (Christophersen Gary R), Seattle Filmworks (Photoworks Inc /Wa)

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Rights of Holder. Neither this Option, the execution of this Agreement nor the exercise of any portion of this Option shall confer upon Holder any right to, or guarantee of, continued employment by, or service as a director or consultant to, the Company, or in any way limit the right of the Company to terminate Holder's ’s relationship with the Company.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Pacific Financial Corp)

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