No Right to Continue as Director Clause Samples
No Right to Continue as Director. Nothing in the Plan or any Award Agreement shall confer upon any Non-Employee Director the right to continue to serve as a director of the Company.
No Right to Continue as Director. Nothing contained in this Agreement shall confer or be construed to confer on the Holder any right to continue as a member of the Board.
No Right to Continue as Director. Nothing in this Agreement shall confer upon the Optionee the right to continue as a director of the Company.
No Right to Continue as Director. The granting of the Option shall not constitute or be evidence of any agreement or understanding, express or implied, that the Company will retain Optionee as a director for any period of time.
No Right to Continue as Director. Nothing in this Option Agreement or the Plan shall be interpreted or construed to confer upon the Optionee any right to continue as a director of the Company, nor shall this Agreement or the Plan interfere in any way with the right of the Company or its directors or stockholders to remove the Optionee in accordance with the By-laws of the Company.
No Right to Continue as Director. Nothing contained in this Plan or in any agreement or instrument executed pursuant to the Plan shall be construed as conferring upon any Participant the right to continue serving as a Director.
No Right to Continue as Director. Nothing herein shall be construed to confer upon the Participant the right to continue as a director of the Company.
No Right to Continue as Director. Participant acknowledges and agrees that any right to have restrictions on the Restricted Stock lapse is earned only by continuing in the service of the Company, or satisfaction of any other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of becoming a director, being granted the Restricted Stock or acquiring Shares hereunder.
No Right to Continue as Director. Neither the Plan, this Award Agreement, the grant of RSUs, the payment of Shares or cash under this Award Agreement, the sale of Shares acquired hereunder, and/or the payment of dividends on Shares acquired hereunder, as applicable, gives the Grantee any right to continue to be a director of the Company or limits, in any way, the right of the Company to change the Grantee’s compensation at any time for any reason not specifically prohibited by law.
No Right to Continue as Director. Participant acknowledges and agrees that any right to vest in the RSUs is earned only by continuing in the service of the Company, or satisfaction of any other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of becoming a director, being granted the RSUs or acquiring Shares in settlement of the RSUs hereunder.