Grouped Into 70 Collections of Similar Clauses From Business Contracts
This page contains At-Will Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
At-Will Employment. The Company and the Executive acknowledge that the Executive's employment is and will continue to be at-will, as defined under applicable law, except if otherwise specifically provided under the confirmatory employment letter between the Company and the Executive dated June 4, 2018 (the "Confirmatory Employment Letter") or any subsequently adopted written formal employment agreement between the Company and the Executive.
At-Will Employment. The Company and the Executive acknowledge that the Executive's employment is and will continue to be at-will, as defined under applicable law, except if otherwise specifically provided under the confirmatory employment letter between the Company and the Executive dated June 4, September 28, 2018 (the "Confirmatory Employment Letter") or any subsequently adopted written formal employment agreement between the Company and the Executive.
At-Will Employment. Executive's employment with Hancock Jaffe is "at will," and, may be terminated at any time, with or without cause and with or without notice, for any reason, by either Employee or Hancock Jaffe. No individual, other than the company's board of directors (the "Board"), has the legal authority or ability to alter the "at-will" nature of the employment relationship and, by signing this Agreement, Employee is confirming that there are no oral, collateral, or other written statements by any employee ...or representative of Hancock Jaffe to the contrary. The Board can alter the "at-will" nature of the Executive's employment relationship with Hancock Jaffe only in a written agreement signed both by the Board and Employee.View More
At-Will Employment. Executive's employment with Hancock Jaffe is "at will," and, may be terminated at any time, with or without cause and with or without notice, for any reason, by either Employee or Hancock Jaffe. No individual, other than the company's CEO (with the approval of Hancock Jaffe's board of directors (the "Board"), "Board")), has the legal authority or ability to alter the "at-will" nature of the employment relationship and, by signing this Agreement, Employee is confirming that there are no oral, col...lateral, or other written statements by any employee or representative of Hancock Jaffe to the contrary. The Board CEO can alter the "at-will" nature of the Executive's employment relationship with Hancock Jaffe only in a written agreement signed both by the CEO and Employee, and with the approval of the Board. 1 3. BASE SALARY. Hancock Jaffe shall pay Executive a base salary ("Base Salary") at an annual rate of Three Hundred and Fifty Thousand Dollars ($350,000) during the Term, paid in accordance with the regular payroll practices of Hancock Jaffe. The Base Salary shall be subject to annual review and adjustment at the sole discretion of the CEO and Hancock Jaffe's Board and Employee. of Directors. View More
At-Will Employment. You acknowledge and agree that your employment with the Company is "at will," meaning that either you or the Company (acting through its Board of Managers or an officer expressly authorized to so act) may terminate your employment with the Company at any time and for any reason (or no reason) upon notice to the other party.
At-Will Employment. You acknowledge and agree that your employment with the Company is "at will," meaning that either you or the Company (acting through its Board of Managers or an officer expressly authorized to so act) may terminate your employment with the Company at any time and for any reason (or no reason) upon not less than four (4) weeks prior written notice to the other party. party, subject to the terms of the Severance Policy.
At-Will Employment. 7.1TERMINATION BY COMPANY FOR CAUSE. 7.3VOLUNTARY TERMINATION BY EXECUTIVE. 7.4RETIREMENT. 7.8EXCESS PARACHUTE PAYMENTS. 7.10WITHHOLDING AUTHORIZATION.
At-Will Employment. 7.1TERMINATION BY COMPANY FOR CAUSE. 7.3VOLUNTARY TERMINATION BY EXECUTIVE. 7.4RETIREMENT. 7.6TIMING OF PAYMENTS. 7.8EXCESS PARACHUTE PAYMENTS. 7.10WITHHOLDING AUTHORIZATION.
At-Will Employment. Subject to Sections 7, 8, and 9 below, the parties agree that Executive's employment with the Company will be "at-will" employment and may be terminated at any time with or without cause or notice, for any reason or no reason. Executive understands and agrees that neither her job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of her employment wit...h the Company. - 1 - 3. Compensation. (a) Base Salary. During the Employment Term, the Company will pay Executive as compensation for her services a base salary at a rate of $320,000 per annum, as modified from time to time at the discretion of the Board or a duly constituted committee of the Board (the "Base Salary"). The Base Salary will be paid in regular installments in accordance with the Company's normal payroll practices (subject to required withholding). Any modification in Base Salary (together with the then existing Base Salary) shall serve as the "Base Salary" for future employment under this Agreement. The first and last payment will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. (b) Bonus. Executive is also eligible to earn an annual bonus for each fiscal year of the Company with a value up to 30% of Executive's Base Salary ("Annual Bonus"). The actual amount of the Annual Bonus will be determined in the sole discretion of the Board based on mutually agreed upon measures of Company performance. Subject to Sections 7 and 9 below, Executive must remain employed through the last day of each fiscal year to be eligible to earn a bonus. Any Annual Bonus that is earned will be paid no later than 60 days after the end of the fiscal year to which it pertains. (c) Stock Option. The Parties acknowledges that, the Company agreed to grant the Executive an option to purchase from the Company 230,000 shares of Common Stock, at an exercise price of $0.76 per share (the "Option") for an aggregate purchase price of $174,800. This Option shall be exercisable, in whole or in part, according to the following vesting schedule: Twenty-five percent (25%) of the Shares subject to the Option shall vest on the one (1) year anniversary of the date on which Executive commence service with the Company (the "Vesting Commencement Date"), and one forth-eighth (1/48th) of the Shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date, subject to Executive continuing to be a Service Provider through each such date. Notwithstanding anything to the contrary in any stock option agreement evidencing the Option, the Option shall remain exercisable for a period of three months following Executive's termination or resignation of service, except in the event of the termination of Executive's employment by reason of death or Disability, in which event the Option shall remain exercisable for a period of 12 months following Executive's termination of service. (d) Executive will be eligible to receive awards of stock options, restricted stock or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or a committee of the Board shall determine in its discretion whether Executive shall be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time.View More
At-Will Employment. Subject to Sections 6, 7, 8, and 9 8 below, the parties agree that Executive's employment with the Company will be "at-will" employment and may be terminated at any time with or without cause or notice, for any reason or no reason. Executive understands and agrees that neither her Executive's job performance nor promotions, commendations, bonuses or the like from the Company give rise to or in any way serve as the basis for modification, 2 amendment, or extension, by implication or otherwise, of...her Executive's employment with the Company. - 1 - 3. Company.3. Compensation. (a) Base Salary. During the Employment Term, the Company will initially pay Executive as compensation for her Executive's services a base salary at a rate of $320,000 $390,000.00 per annum, year, as modified from time to time at the discretion of the Board or a duly constituted committee of the Board Company (the "Base Salary"). The Base Salary will be paid in regular installments in accordance with the Company's normal payroll practices (subject to required withholding). Any modification increase or decrease in Base Salary (together with the then existing Base Salary) shall serve as the "Base Salary" for future employment under this Agreement. The first and last payment will be adjusted, if necessary, to reflect a commencement or termination date other than the first or last working day of a pay period. (b) Annual Bonus. Beginning for the calendar year 2021, Executive is will also be eligible to earn an annual discretionary bonus for each fiscal year with a target amount equal to 40% of the Company with a value up to 30% of Executive's Base Salary ("Annual ("Target Bonus"). The actual amount of the Annual Bonus this bonus, if any, will be determined in the sole discretion of the Board based Company and based, in part, on mutually agreed upon measures Executive's performance and the performance of the Company performance. Subject to Sections 7 and 9 below, during the calendar year. The Company will pay Executive must remain employed through this bonus, if any, by no later than March 15th of the last day following calendar year. The bonus is not earned until paid and, except as set forth in Section 8(a) of each fiscal year to be eligible to earn a bonus. Any Annual Bonus that is earned this Agreement, no pro-rated amount will be paid no later than 60 days after if Executive's employment terminates for any reason prior to the end of the fiscal year to which it pertains. payment date. (c) Stock Option. The Parties acknowledges that, In connection with the commencement of Executive's employment, and as approved by the Board of Directors of the Company agreed to grant or the Executive an option to purchase from Compensation Committee thereof, the Company 230,000 granted Executive a non-qualified stock option (the "Option") for the purchase of an aggregate of 121,150 shares of Common Stock, Stock of the Company at an exercise a price of $0.76 per share (the "Option") for an aggregate purchase price of $174,800. This Option shall be exercisable, in whole or in part, according equal to the following vesting schedule: Twenty-five percent (25%) fair market value on the date of grant, as an inducement material to Executive joining the Company, pursuant to Rule 5635(c)(4) of the Shares Nasdaq Listed Company Manual, under the Company's 2019 Inducement Equity Incentive Plan (the "Plan"). The Option is subject to all terms, vesting, and other provisions set forth in a separate option agreement under the Plan. The Option shall vest has a term of 10 years, except as set forth in the option agreement 3 and the Plan, and is subject to a vesting schedule of four years, with 25% of the shares vesting on the one (1) year first anniversary of the date on which Executive commence service with the Company (the "Vesting Commencement Date"), and one forth-eighth (1/48th) of the Shares subject to the Option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date, subject to Executive continuing to be a Service Provider through each such date. Notwithstanding anything to the contrary in any stock option agreement evidencing the Option, the Option shall remain exercisable for a period of three months following Executive's termination or resignation of service, except in the event of the termination of Executive's employment start date and the remainder vesting in equal installments over the following 36 months, provided, that Executive remains continuously employed by reason of death or Disability, in which event the Option shall remain exercisable for a period of 12 months following Executive's termination of service. (d) Company on such vesting dates. (i) Executive will be eligible to receive awards of stock options, restricted stock or other equity awards pursuant to any plans or arrangements the Company may have in effect from time to time. The Board or a committee of the Board shall determine in its discretion whether Executive shall be granted any such equity awards and the terms of any such award in accordance with the terms of any applicable plan or arrangement that may be in effect from time to time. time.4. Employee Benefits. During the Employment Term, Executive may take advantage of various benefits offered by the Company, such as group medical insurance, dental insurance, short-term disability, long-term disability and the Company's 401(k) plan. Executive will also be entitled to fifteen (15) days of paid time off per year, as well as two (2) personal days and eleven (11) paid holidays, exclusive of any sick days Executive may need. These benefits may be modified or changed from time to time at the sole discretion of the Company. The details of the Company's full benefit offerings can be found in its Employee Handbook. View More
At-Will Employment. Your employment with Company will be "at-will." This means that either you or Company may terminate your employment at any time, with or without Cause or Good Reason, and with or without advance notice.
At-Will Employment. Your employment with Company will be "at-will." This means that either you or Company may terminate your employment at any time, with or without Cause or Good Reason, Cause, and with or without advance notice.
At-Will Employment. Your employment with Company will be "at-will." This means that either you or Company may terminate your employment at any time, with or without Cause or Good Reason, Cause, and with or without advance notice.
At-Will Employment. Your employment with NextCure is at will, meaning it may be terminated by you or NextCure at any time, subject to Section 4 above, for any reason with or without Cause. You understand that this Agreement is not a contract for employment for a definite term.
At-Will Employment. Your employment with NextCure is at will, meaning it may be terminated by you or NextCure at any time, subject to Section 4 5 above, for any reason with or without Cause. You understand that this Agreement offer letter is not a contract for employment for a definite term.
At-Will Employment. Executive's employment with the Company shall be at-will. The Executive may terminate her employment at any time for any reason (subject to the notice requirements provided in this Agreement) and the Company may terminate Executive's employment with the Company at any time and for any reason (subject to the severance provisions of this Agreement). This at-will employment relationship cannot be changed except by written authorization by the Board.
At-Will Employment. Executive's employment with the Company shall be at-will. The Executive may terminate her his employment at any time for any reason (subject to the notice requirements provided in this Agreement) and the Company may terminate Executive's employment with the Company at any time and for any reason (subject to the severance provisions of this Agreement). This at-will employment relationship cannot be changed except by written authorization by the Board.
At-Will Employment. Subject to Sections 13 and 14 below, Executive and the Company agree and acknowledge that Executive's employment with the Company constitutes "at-will" employment, which means that either the Company or Executive may terminate Executive's employment with the Company at any time and for any or no reason, and with or without cause.
At-Will Employment. Subject to Sections 13 and 14 below, Executive and the Company agree and acknowledge that Executive's employment with the Company constitutes "at-will" employment, which means that either the Company or Executive may terminate Executive's employment with the Company at any time and for any or no reason, and with or without cause. cause, as more fully set forth in Section 7.
At-Will Employment. The parties agree that Executive's employment with the Company will be "at-will" employment and may be terminated at any time, upon written notice, either by the Company without Cause (in any such case, "Company's At-Will Termination") or by Executive without Good Reason (in any such case, "Executive's At-Will Termination"). Executive understands and agrees that neither his job performance for, nor promotions, commendations, bonuses or the like from, the Company give rise to or in any way serve ...as the basis for modification, amendment, or extension, by implication or otherwise, of his employment with the Company. However, as described in this Agreement, Executive may be entitled to Severance Pay (defined below) and Severance Benefits (defined below) depending upon the circumstances of the termination of the Employment Term as set forth in Section 7(b) below.View More
At-Will Employment. The parties agree that Executive's Employee's employment with the Company will be "at-will" employment and may be terminated at any time, upon written notice, either by the Company without Cause (in any such case, "Company's At-Will Termination") or by Executive Employee without Good Reason (in any such case, "Executive's "Employee's At-Will Termination"). Executive Employee understands and agrees that neither his job performance for, nor promotions, commendations, bonuses or the like from, the ...Company give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of his employment with the Company. However, as described in this Agreement, Executive Employee may be entitled to Severance Pay (defined below) and Severance Benefits (defined below) depending upon the circumstances of the termination of the Employment Term as set forth in Section 7(b) below. View More
