Common use of No Right to Continue as Director Clause in Contracts

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.

Appears in 4 contracts

Sources: Stock Option Agreement (Servotronics Inc /De/), Stock Option Agreement (Servotronics Inc /De/), Stock Option Agreement (Servotronics Inc /De/)

No Right to Continue as Director. Nothing contained in the Plan or this Agreement shall be deemed to confer upon the Optionee the Director any right to continue as a director of of, or to be associated in any other way with, the Company.

Appears in 2 contracts

Sources: Director Restricted Stock Grant Agreement (Technical Olympic Usa Inc), Director Restricted Stock Grant Agreement (Technical Olympic Usa Inc)

No Right to Continue as Director. Nothing contained in the Plan or in this Agreement shall confer interfere with or limit in any way the right of the stockholders of the Company to remove the Director from the Board pursuant to the bylaws or the certificate of incorporation of the Company, nor confers upon the Optionee the Director any right to continue as a director in the service of the Company.

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Altus Midstream Co)

No Right to Continue as Director. Nothing in this the Option Agreement or the Plan shall confer upon the Optionee you the right to continue to serve as a director of the Company.

Appears in 1 contract

Sources: Non Employee Director Stock Option Agreement (Williams Companies Inc)