No Right to Continued Employment Clause Example from Business Contracts

No Right to Continued Employment. Neither the Restricted Stock nor any terms contained in this Agreement shall confer upon Participant any express or implied right to be retained in the employment or service of the Company or any Affiliate for any period, nor restrict in anyway the right of the Company, which right is hereby expressly reserved, to terminate Participant's employment or service at any time for any reason. Participant acknowledges and agrees that any right to have restrictions on the Restricted Stock lapse is earne...d only by continuing in the service of the Company or an Affiliate at the will of the Company or such Affiliate, and satisfaction of the other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of being hired, being granted the Restricted Stock or acquiring Shares hereunder. View More