No Obligation to Maintain Relationship Clause Example with 5 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 Company is not by the Plan or this Award obligated to continue the Participant as an Employee, director or Consultant of the Company or an Affiliate. The Participant acknowledges: (a) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) that the grant of the Restricted Stock Units is a one-time benefit which does not create any contractual or other right to receive future grants of restricted stock units, or benefits in lieu of restricte...d stock units; (c) that all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units shall be granted, the number of shares subject to restricted stock unit award, and the vesting terms, will be at the sole discretion of the Company; (d) that the Participant's participation in the Plan is voluntary; (e) that the value of the Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that the Restricted Stock Units 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

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

No Obligation to Maintain Relationship. The Company is not by the Plan or this Award Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate. The Participant acknowledges: (a) acknowledges, except for future grants that are otherwise set forth in the Employment Agreement: (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) (ii) that the grant of the Restricted Stock Units RSUs is a one-time ben...efit which does not create any contractual or other right to receive future grants of restricted stock units, RSUs, or benefits in lieu of restricted stock units; (c) that RSUs; (iii) that, other than as provided in the Employment Agreement, all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units shall be granted, the number of shares subject to each restricted stock unit award, and the vesting terms, time or times when each restricted stock unit vests and settles, will be at the sole discretion of the Company; (d) (iv) that the Participant's participation in the Plan is voluntary; (e) and (v) that the value of the Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that the Restricted Stock Units RSUs 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
No Obligation to Maintain Relationship. The Company is not by the Plan or this Award Agreement obligated to continue the Participant as an Employee, employee, director or Consultant consultant of the Company or an Affiliate. The Participant acknowledges: (a) (i) that the Plan is discretionary in nature and may be suspended or terminated by the Company at any time; (b) (ii) that the grant of the Restricted Stock Units RSUs is a one-time benefit which does not create any contractual or other right to receive future grants of restricted ...stock units, RSUs, or benefits in lieu of restricted stock units; (c) RSUs; (iii) that all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units shall be granted, the number of shares subject to each restricted stock unit award, and the vesting terms, time or times when each restricted stock unit vests and settles, will be at the sole discretion of the Company; (d) (iv) that the Participant's participation in the Plan is voluntary; (e) and (v) that the value of the Restricted Stock Units is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that the Restricted Stock Units RSUs 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
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not obligated by the Plan or this Restricted Stock Unit Award obligated to continue the Participant as an Employee, director Non-Employee Director, consultant or Consultant advisor of the Company or an Affiliate. The Participant acknowledges: (a) that Affiliate; (ii) the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time; (b) that (iii) the grant of the this Restricted Stock Units Unit Awar...d is a one-time benefit which that does not create any contractual or other right to receive future grants of restricted stock units, equity, or benefits in lieu of restricted stock units; (c) that thereof; (iv) all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units unit awards shall be granted, the number of shares subject to each restricted stock unit award, and the vesting terms, time or times Revision Date: January 2020 Page 2 Exhibit 10.17 when each restricted stock unit award shall vest, will be at the sole discretion of the Company; (d) that (v) the Participant's participation in the Plan is voluntary; (e) that (vi) the value of the this Restricted Stock Units Unit Award is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that the (vii) this Restricted Stock Units are Unit 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
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not obligated by the Plan or this Restricted Stock Unit Award obligated to continue the Participant as an Employee, director Non-Employee Director, consultant or Consultant advisor of the Company or an Affiliate. The Participant acknowledges: (a) that Affiliate; (ii) the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time; (b) that (iii) the grant of the this Restricted Stock Units Unit Awar...d is a one-time benefit which that does not create any contractual or other right to receive future grants of restricted stock units, equity, or benefits in lieu of restricted stock units; (c) that thereof; (iv) all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units unit awards shall be granted, the number of shares subject to each restricted stock unit award, and the vesting terms, time or times when each restricted stock unit award shall vest, will be at the sole discretion of the Company; (d) that (v) the Participant's participation in the Plan is voluntary; (e) that (vi) the value of the this Restricted Stock Units Unit Award is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that the (vii) this Restricted Stock Units are Unit 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
No Obligation to Maintain Relationship. The Participant acknowledges that: (i) the Company is not by the Plan or this Restricted Stock Unit Award obligated to continue the Participant as an Employee, director Non-Employee Director, consultant or Consultant advisor of the Company or an Affiliate. The Participant acknowledges: (a) that Affiliate; (ii) the Plan is discretionary in nature and may be modified, suspended or terminated by the Company at any time; (b) that (iii) the grant of the Restricted Stock Units Unit Award is a one-time... benefit which that does not create any contractual or other right to receive future grants of restricted stock units, equity, or benefits in lieu of restricted stock units; (c) that thereof; (iv) all determinations with respect to any such future grants, including, but not limited to, the times when restricted stock units awards shall be granted, the number of shares subject to each restricted stock unit award, and the vesting terms, time or times when each award shall vest, will be at the sole discretion of the Company; (d) that (v) the Participant's participation in the Plan is voluntary; (e) that (vi) the value of the Restricted Stock Units Unit Award is an extraordinary item of compensation which is outside the scope of the Participant's employment or consulting contract, if any; and (f) that (vii) the Restricted Stock Units are Unit 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