Common use of No Employment Obligation Clause in Contracts

No Employment Obligation. Each Non-Manager Member acknowledges that neither this Agreement nor the provisions of the Non-Solicitation Agreement create an obligation on the part of the LLC to continue the employment of such Non-Manager Member with the LLC, and that such Non-Manager Member, unless he is a party to an Employment Agreement, is an employee at will of the LLC.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)

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No Employment Obligation. Each Non-Manager Member and each Employee Stockholder acknowledges that neither this Agreement nor the provisions of the Non-Non Solicitation Agreement create creates an obligation on the part of the LLC to continue the employment of such Non-Manager Member an Employee Stockholder with the LLC, and that such Non-Manager MemberEmployee Stockholder, unless he or she is a party to an Employment Agreement, is an employee at will of the LLC.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc), Limited Liability Company Agreement (Affiliated Managers Group Inc)

No Employment Obligation. Each Non-Manager Member and each Employee Stockholder acknowledges that neither this Agreement nor the provisions of the Non-Solicitation Agreement create creates an obligation on the part of the LLC to continue the employment of such Non-Manager Member an Employee Stockholder or any other Person with the LLC, and that such Non-Manager MemberEmployee Stockholder, unless he or she is a party to an Employment Agreement, is an employee at will of the LLC.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Affiliated Managers Group Inc)

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No Employment Obligation. Each Non-Manager Member and each Employee Stockholder acknowledges that neither this Agreement nor the provisions of the Non-Solicitation Agreement create an creates no obligation on the part of the LLC (or any Controlled Affiliate thereof) to continue the employment of such Non-Manager Member an Employee Stockholder or any other Person with the LLCLLC (or any Controlled Affiliate thereof), and that such Non-Manager Member, unless he is a party to an Employment Agreement, Employee Stockholder is an employee at will of the LLCLLC and any of its Controlled Affiliates employing such Employee Stockholder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Highbury Financial Inc)

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