Common use of This Agreement Is Not an Employment Contract Clause in Contracts

This Agreement Is Not an Employment Contract. The parties hereto acknowledge and agree that (x) this Agreement is not a management or employment agreement and (y) nothing in this Agreement shall give the Executive any rights or impose any obligations to continued employment by Middlefield or any subsidiary or successor of Middlefield.

Appears in 21 contracts

Samples: Change in Control Agreement (Middlefield Banc Corp), Change in Control Agreement (Middlefield Banc Corp), Change in Control Agreement (Middlefield Banc Corp)

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This Agreement Is Not an Employment Contract. The parties hereto acknowledge and agree that (xa) this Agreement is not a management or employment agreement and (yb) nothing in this Agreement shall give the Executive any rights or impose any obligations to continued employment by Middlefield or any subsidiary Subsidiary or successor of Middlefield, nor shall it give Middlefield any rights or impose any obligations for the continued performance of duties by the Executive for Middlefield or any Subsidiary or successor of Middlefield.

Appears in 7 contracts

Samples: Severance Agreement (Middlefield Banc Corp), Severance Agreement (Middlefield Banc Corp), Severance Agreement (Middlefield Banc Corp)

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This Agreement Is Not an Employment Contract. The parties hereto acknowledge and agree that (xa) this Agreement is not a management or employment agreement and (yb) nothing in this Agreement shall give the Executive any rights or impose any obligations to continued employment by Middlefield MidCarolina or any subsidiary Subsidiary or successor of MiddlefieldMidCarolina.

Appears in 3 contracts

Samples: Severance Agreement (Midcarolina Financial Corp), Severance Agreement (Midcarolina Financial Corp), Severance Agreement (Midcarolina Financial Corp)

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