Relationship with Optionee Sample Clauses

The 'Relationship with Optionee' clause defines the legal and practical nature of the connection between the parties, specifically clarifying the status of the optionee in relation to the grantor or company. Typically, this clause states that the optionee is not considered an employee, partner, or agent solely by virtue of holding or exercising an option, and does not acquire any rights beyond those explicitly granted in the agreement. Its core function is to prevent misunderstandings or unintended legal obligations by making clear that the optionee’s rights and responsibilities are limited to those specified in the option agreement.
Relationship with Optionee. Nothing in the Plan or this Agreement (including, without limitation, the grant of the Option evidenced hereunder or the purchase of any Shares upon exercise of the Option pursuant to this Agreement) shall confer on the Optionee any right to continue in the employ of, or other relationship with, the Company, or any Parent or Subsidiary, or limiting in any way the right of the Company to terminate the Optionee’s employment or other relationship with the Company or any Parent or Subsidiary at any time, for any reason or no reason.
View SourceView Similar (13)
Relationship with Optionee. Nothing in this Agreement shall be construed as constituting a commitment, guarantee, agreement or understanding of any kind or nature that the Company shall employ or engage Optionee, nor shall this Agreement affect in any way the right of the Company to terminate the relationship between the Company and the Optionee at any time and for any reason.
View SourceView Similar (2)

Related to Relationship with Optionee

  • Termination of Relationship with the Company If the Participant ceases to be an Eligible Participant for any reason, then, except as provided in paragraphs (d) and (e) below, the right to exercise this option shall terminate three months after such cessation (but in no event after the Final Exercise Date), provided that this option shall be exercisable only to the extent that the Participant was entitled to exercise this option on the date of such cessation. Notwithstanding the foregoing, if the Participant, prior to the Final Exercise Date, violates the non-competition or confidentiality provisions of any employment contract, confidentiality and nondisclosure agreement or other agreement between the Participant and the Company, the right to exercise this option shall terminate immediately upon such violation.

  • Relationship to Award 2.1 This Agreement incorporates those terms of the National Electrical, Electronic and Communications Contracting Industry Award 1998 as at December 2005 (as amended) that are set out in Appendix K. A reference in this Agreement to the “Award” means the Award terms as set out in Appendix K. 2.2 If an inconsistency exists between the Common Clauses and Appendix K, the Common Clauses will take precedence. 2.3 If an inconsistency exists between Appendix K and any other Appendix of this Agreement, that other Appendix will take precedence.

  • Relationship to Plan This Award is subject to all of the terms, conditions and provisions of the Plan and administrative interpretations thereunder, if any, which have been adopted by the Committee thereunder and are in effect on the date hereof. Except as defined or otherwise specifically provided herein, capitalized terms shall have the same meanings ascribed to them under the Plan.

  • Our Relationship With You We are an independent contractor for all purposes, except that we act as your agent with respect to the custody of your funds for the Service. We do not have control of, or liability for, any products or services that are paid for with our Service. We also do not guarantee the identity of any user of the Service (including but not limited to recipients to whom you send payments).

  • Termination of Relationship If Optionee terminates Continuous Status as an Employee or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.