At-Will Employment Contract Clauses (1,977)

At-Will Employment. You acknowledge and agree that your employment with the Company will be "at-will" employment and may be terminated at any time with or without cause or notice. You understand and agree that neither your job performance nor 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 your employment with the Company. You further acknowledge and agree that the Company may modify job tit...les, salaries and benefits from time to time as it deems necessary. However, as described in this Agreement, you may be eligible to receive severance benefits under the Severance Agreement depending on the circumstances of the termination of your employment with the Company. View More

At-Will Employment. The Company is excited about your joining and looks forward to a beneficial and productive relationship. Nevertheless, you should be aware that your employment with the Company is for no specified period and constitutes at-will employment. As a result, you are free to resign at any time, for any reason or for no reason. Similarly, the Company is free to conclude its employment relationship with you at any time, with or without cause, and with or without notice. We request that, in the event of r...esignation, you give the Company at least two weeks' notice. View More

At-Will Employment. Your employment with the Corporation is "at-will," which means either you or the Corporation may terminate the employment relationship at any time with or without cause or notice. You understand and agree that neither your job performance nor promotions, commendations, bonuses, or the like from the Corporation give rise to or in any way serve as the basis for modification, amendment, or extension, by implication or otherwise, of your employment with the Corporation.

At-Will Employment. Executive and the Company agree that Executive's employment with the Company constitutes "at-will" employment. Executive and the Company acknowledge that this employment relationship may be terminated at any time, with or without Cause (as defined below) or advance notice.

At-Will Employment. Nothing in this Agreement shall change Executive's status as an at-will employee of the Company, meaning that either the Company or Executive may terminate the employment relationship at any time and for any reason. In addition, for purposes of clarity and the avoidance of doubt, nothing in this Agreement shall change, modify or alter in any way Executive's participation or rights in any Company plan, program, or arrangement in which Executive is participating or under which Executive has rights.... View More

At-Will Employment. The Company and Employee acknowledge that Employee's employment is and will continue to be at-will, as defined under applicable law, except as may otherwise be specifically provided under the terms of any written formal employment agreement or offer letter between the Company and Employee (an "Employment Agreement"). If Employee's employment terminates for any reason, Employee will not be entitled to any payments, benefits, damages, awards or compensation other than as provided by this Agreement..., including any payments or benefits Employee would otherwise be entitled to under his or her Employment Agreement. View More

At-Will Employment. Your employment with the Company will be "at-will" and may be terminated by you or the Company at any time with or without notice for any (or no) reason. You will not have any contractual right to severance benefits in connection with any termination of your service as interim President and Chief Executive Officer of the Company, except as may be otherwise determined by the Board (or its Compensation Committee) in its sole discretion.

At-Will Employment. You acknowledge that your employment with the Company is for an unspecified duration that constitutes at-will employment, and that either you or the Company can terminate this relationship at any time, with or without cause and with or without notice.

At-Will Employment. The parties agree that Executive's employment with the Company is "at-will" employment and may be terminated at any time with or without cause or notice. Executive's at-will employment status may not be changed except by way of written agreement signed by Executive and an authorized officer of the Company.

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 with or without cause or notice except as noted under the terms of this Agreement. Executive understands and agrees that neither his 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 his employment with the Company. How...ever, as described in this Agreement, Executive may be entitled to severance benefits depending on the circumstances of Executive's termination of employment with the Company. -1- 3. Compensation. (a) Base Salary. During the Employment Term, the Company will pay Executive an annual salary of $560,000 as compensation for services (the "Base Salary"). The Base Salary will be paid periodically in accordance with the Company's normal payroll practices and be subject to the usual, required withholdings. This salary may be adjusted pursuant to Section 3(c) of this Agreement. (b) Bonus. Executive will be eligible to receive an annual performance-based bonus of up to 50% of Executive's Base Salary upon achievement of performance objectives to be determined by the Board, the Compensation Committee of the Board (the "Compensation Committee") or the Board's or Compensation Committee's delegate, in its sole discretion (the "Target Bonus"). The amount of the Target Bonus paid to Executive will be determined at the sole discretion of the Board or the Compensation Committee and will be paid in accordance with the Company's normal payroll practices, subject to Executive's continued employment with the Company through the payment date. Executive will be eligible to receive a pro-rated Target Bonus for fiscal 2020. (c) Review and Adjustments. Executive's Base Salary, Target Bonus, and other compensatory arrangements will be reviewed from time to time by the Board or the Compensation Committee with respect to performance or market-based adjustments. (d) Existing Equity Awards. The options and RSUs with respect to the Company's Common Stock previously granted to the Executive will continue to be subject to their existing terms and any additional terms set forth in this Agreement, except as may be mutually agreed to by the parties. (e) Option Grant. Subject to Board approval, Executive will receive a grant of an option to purchase 500,000 shares of the Company's common stock (the "Stock Option Award"). The Stock Option Award shall vest as to 1/16th of the total number of shares such to the Stock Option Award on each three-month anniversary of the Effective Date, such that the Stock Option Award will be fully vested on the four year anniversary of the Effective Date, subject to Executive's continued employment with the Company or service as a member of the Board through each vesting date. The Stock Option Award will be granted under and subject to the terms of the Company's 2015 Omnibus Incentive Plan (the "Incentive Plan") and the related form of option agreement. The exercise price of the Stock Option Award will be equal to the fair market value of the Company's common stock on the date of grant. View More