Not a Service Contract Sample Clauses
The 'Not a Service Contract' clause clarifies that the agreement in question does not establish a service provider-client relationship between the parties. In practice, this means that neither party is obligated to perform services for the other, and the terms of the agreement should not be interpreted as creating such obligations. This clause is essential for preventing misunderstandings about the nature of the relationship, ensuring that neither party can claim rights or responsibilities typically associated with service contracts.
Not a Service Contract. This Agreement shall not be deemed to constitute a service contract, nor shall any provision hereof affect (a) the right to terminate Director’s service on the Board in accordance with the Company’s by-laws and applicable law or (b) the terms and conditions of any other agreement between the Company and Director except as expressly provided herein.
Not a Service Contract. This Agreement is not an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in this Agreement shall obligate the Company or an Affiliate, their respective shareholders, Board, officers or employees to continue any relationship that you might have as a director or consultant for the Company or an Affiliate.
Not a Service Contract. This Agreement is not an employment or service contract, and nothing in this Agreement shall be deemed to create in any way whatsoever any obligation on Holder's part to continue in the employ of the Company, or of the Company to continue Holder's employment. In addition, nothing in this Agreement shall obligate the Company, its shareholders, Board, officers or employees to continue any relationship that Holder might have as a director or consultant for the Company.
Not a Service Contract. Your Award is not an employment or service contract, and nothing therein shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or one of its subsidiaries, or of the Company or any of its subsidiaries to continue your employment. In addition, nothing herein shall obligate you or the Company or any of its subsidiaries, their respective shareholders, Boards of Directors, officers or employees to continue any relationship that you might have as a director, advisor or consultant for the Company or its subsidiaries.
Not a Service Contract. Your Stock Option is not an employment or service contract, and nothing therein shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or one of its subsidiaries, or of the Company or any of its subsidiaries to continue your employment. In addition, nothing herein shall obligate the Company or any of its subsidiaries, their respective shareholders, Boards of Directors, officers or employees to continue any relationship that you might have as a director, advisor or consultant for the Company or its subsidiaries.
Not a Service Contract. This Award Agreement is not an employment or service contract. Nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ or other service of the Company or an Affiliate. Nothing in your Award shall be deemed to require the Company or an Affiliate to continue your employment or other service association, or to interfere in any way with the right of the Company or an Affiliate, subject to the terms of any separate employment or consulting agreement or provision of law or corporate articles or by-laws to the contrary, at any time to terminate your employment or other service arrangement or to increase or decrease, or otherwise adjust, the other terms and conditions of your employment or other association with the Company and its Affiliates.
Not a Service Contract. The grant of the Shares covered by this Agreement does not confer on the Participant any right with respect to continuance of Service with the Company or any Affiliate, nor shall it interfere in any way with any right the Company or any Affiliate would otherwise have to terminate or modify the terms of the Participant’s Service at any time.
Not a Service Contract. This Agreement is not a service contract and it does not provide any right to Participant to continue to serve as a Director and nothing in this Agreement may be deemed to create in any way whatsoever any obligation on the part of Participant to remain in the service of the Company as a Director or otherwise or for the Company to continue Participant in the service of the Company as a Director or otherwise.