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, 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, awards, or benefits in lieu of options; awards;... (iv) all determinations with 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 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 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 4 Contracts from INTERCEPT PHARMACEUTICALS, INC.
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, Employee or director of, or Consultant of to, 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 the Option is a one-time benefit which does not create any contractual or other right to receive f...uture grants of options, or benefits in lieu of options; (iv) (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, 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 the 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 (vi) that the 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 IMMUNOGEN INC contract
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, employee, director or 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 the Option is a one-time benefit which does not create any contractual or other right to receive future gran...ts of options, or benefits in lieu of options; (iv) (iii) that all determinations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, 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 the 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 (vi) that the 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 IRONWOOD PHARMACEUTICALS INC contract
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, employee, director or Consultant of the 6 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 the 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 de...terminations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this the 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 the 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 G1 Therapeutics, Inc. contract
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, 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 the Option is a one-time benefit which does not create any contractual or other right to receive future grants of options, or benefits in 6 lieu of options; (iv) all de...terminations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this the 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 the 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 ALBIREO PHARMA, 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) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this the 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 op...tions; (iv) all determinations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this the 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 the 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 2 Contracts from Spero Therapeutics, 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) the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (iii) the grant of this the 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 dete...rminations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this the 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 the 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 Inhibrx, Inc. contract
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, 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 the 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 dete...rminations with respect to any such future grants, if any, including, but not limited to, the times when options shall be granted, the number of shares subject to each option, the option price, and the time or times when each option shall be exercisable, will be at the sole discretion of the Company; (v) the Participant's participation in the Plan is voluntary; (vi) the value of this the 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 the 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 21 Contracts from 15 Companies