No Guarantee of Continued Service Clause Example from Business Contracts

No Guarantee of Continued Service. PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF SHARES PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS OPTION OR ACQUIRING SHARES HEREUNDER. PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CON...STITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND SHALL NOT INTERFERE IN ANY WAY WITH PARTICIPANT'S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT'S RELATIONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE. Participant acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Participant has reviewed the Plan and this Option in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Option and fully understands all provisions of the Option. Participant hereby agrees to accept as binding, -5- conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Option. Participant further agrees to notify the Company upon any change in the residence address indicated below. PARTICIPANT RITTER PHARMACEUTICALS, INC. /s/ Ira E. Ritter /s/ Michael D. Step Signature By Ira E. Ritter Michael D. Step Print Name Print Name c/o Ritter Pharmaceuticals, Inc. Chief Executive Officer 1801 Century Park East, No. 1820 Title Los Angeles, CA 90067 -6- EXHIBIT A 2008 STOCK PLAN EXERCISE NOTICE Ritter Pharmaceuticals, Inc. 1801 Century Park East, No. 1820 Los Angeles, California 90067 Attention: Chief Executive Officer 1. Exercise of Option. Effective as of today, ______________, _____, the undersigned ("Participant") hereby elects to exercise Participant's option (the "Option") to purchase ___________ shares of the Common Stock (the "Shares") of Ritter Pharmaceuticals, Inc. (the "Company") under and pursuant to the 2008 Stock Plan (the "Plan") and the Stock Option Agreement dated _________________, _____ (the "Option Agreement"). View More