No Obligation to Maintain Relationship Clause Example with 28 Variations from Business Contracts

This page contains No Obligation to Maintain Relationship clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate; (ii) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this Option is a one-time benefit which does not create any contractual or other right to receive future grants of options, or benefits in lieu of options; (iv) all determinations wit...h respect to future grants, if any, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this Option is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in INTERCEPT PHARMACEUTICALS, INC. contract

Variations of a "No Obligation to Maintain Relationship" Clause from Business Contracts

No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Award obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate; (ii) Affiliate. The Participant acknowledges that: (a) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (b) the grant of this Option Award is considered a one-time benefit which and does not create any contractual or other ...right to receive future grants of options, or any other award under the Plan, benefits in lieu of options; (iv) all determinations with respect to awards or any other benefit in the future; (c) the Plan is a voluntary program of the Company and future grants, awards, if any, will be at the sole discretion of the Company; (v) Company, including, but not limited to, the Participant's participation in timing of any grant, the Plan is voluntary; (vi) amount of any award, vesting provisions and the purchase price, if any; (d) the value of this Option Award is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option (e) the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. payments; and (f) the future value of the shares of Common Stock is unknown and cannot be predicted with certainty. View More Arrow
Found in OneWater Marine Inc. contract
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, director employee or Consultant consultant of the Company or an Affiliate; (ii) Affiliate. The Participant acknowledges: (i) that the Plan grant of the Shares is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this Option is a one-time benefit which does not create any contractual or other ri...ght to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (ii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing forfeiture right, will be at the sole discretion of the Company; (v) (iii) that the Participant's participation in the Plan this Agreement is voluntary; (vi) (iv) that the value of this Option the Shares is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is (v) that the Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in 3 Contracts from MADRIGAL PHARMACEUTICALS, INC.
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate; (ii) Affiliate of the Company. The Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (ii) that the grant of this Option the Granted Shares is a one-time 4 benefit which does not create any contractual or ot...her right to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing forfeiture right, will be at the sole discretion of the Company; (v) (iv) that the Participant's participation in the Plan is voluntary; (vi) (v) that the value of this Option the Granted Shares is an extraordinary item of compensation which is outside compensation; and (vi) that the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is Granted Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in ASPEN AEROGELS INC contract
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate; (ii) Affiliate. The Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (ii) that the grant of this Option the Shares is a one-time benefit which does not create any contractual or other ...right to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing repurchase right, will be at the sole discretion of the Company; (v) (iv) that the Participant's participation in the Plan is voluntary; (vi) and (v) that the value of this Option is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in 5 Contracts from POLARITYTE, INC.
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate; (ii) Affiliate of the Company. The Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (ii) that the grant of this Option the Granted Shares is a one-time benefit which does not create any contractual or othe...r right to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing forfeiture right, will be at the sole discretion of the Company; (v) (iv) that the Participant's participation in the Plan is voluntary; (vi) (v) that the value of this Option the Granted Shares is an extraordinary item of compensation which is outside compensation; and (vi) that the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is Granted Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in 3 Contracts from 2 Companies
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate; (ii) Affiliate. The Participant acknowledges: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (b) that the grant of this Option the Shares is a one-time benefit which does not create any contractual or other r...ight to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (c) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing repurchase right, will be at the sole discretion of the Company; (v) (d) that the Participant's participation in the Plan is voluntary; (vi) (e) that the value of this Option the Shares is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is (f) that the Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in Alphatec Holdings, Inc. contract
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan Plan, the Option Agreement or this Option Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate; (ii) Company. The Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (ii) that the grant of this Option the Shares is a one-time benefit which does not create ...any contractual or other right to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when shares shall be granted, the number of shares to be granted, the Purchase Price, and the time or times when each share shall be free from the Lapsing Repurchase Right, will be at the sole discretion of the Company; (v) (iv) that the Participant's participation in the Plan is voluntary; (vi) Exhibit B-3 (v) that the value of this Option the Shares is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is (vi) that the Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in Constellation Alpha Capital Corp. contract
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate; (ii) Affiliate. The Participant acknowledges: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) (ii) that the grant of this Option the Shares is a one-time benefit which does not create any contractual or other ...right to receive future grants of options, shares, or benefits in lieu of options; (iv) shares; (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the 5 times when shares shall be granted, the number of shares to be granted, the purchase price, and the time or times when each share shall be free from a lapsing repurchase or forfeiture right, will be at the sole discretion of the Company; (v) (iv) that the Participant's participation in the Plan is voluntary; (vi) (v) that the value of this Option the Shares is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is (vi) that the Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in IMMUNOGEN INC contract
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Option Agreement obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate; (ii) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this Option the Granted Shares is a one-time benefit which does not create any contractual or other right to receive future grants of options, Shares, or benefits in lieu of... options; Shares; (iv) all determinations with respect to any such future grants, if any, including, but not limited to, the times when Shares shall be granted, the number of Shares to be granted, the purchase price, and the time or times when each Share shall be free from a lapsing repurchase or forfeiture right, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this Option the Granted Shares is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option is the Granted Shares are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in 3 Contracts from 2 Companies
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan Plan, this Award or this Option Agreement obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate; (ii) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this Option Award is a one-time benefit which does not create any contractual or other right to receive future grants of options, any other award under the ...Plan, or benefits in lieu of options; awards or any other benefits in the future; (iv) all determinations with respect to the Participant's participation in the Plan is voluntary and future grants, awards, if any, will be at the sole discretion of the Company; (v) Company, including, but not limited to, the Participant's participation in timing of any grant, the Plan is voluntary; amount of any award, vesting provisions and purchase price, if any; (vi) the value of this Option Award is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (vii) this Option the Award is not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments. View More Arrow
Found in Sintx Technologies, Inc. contract