Employment and Term Contract Clauses (156)

Employment and Term. Subject to the terms and conditions set forth in this Agreement, the Company hereby offers and the Employee hereby accepts employment beginning on April 19, 2017, or such other date as may be mutually agreed upon in writing (the "Effective Date"). The Employee's employment with the Company will be "at will" as such term is construed under Florida law. Either the Employee or the Company may terminate such employment at any time and for any reason, subject to the provisions of Section 5 hereof. Fo...r purposes of this Agreement, the period from the Effective Date until the termination of the Executive's employment shall hereinafter be referred to as the "Term". View More

Employment and Term. Subject to Section 4 hereof, the Company agrees to initially engage Executive as an independent contractor through the IPO Date (as defined below), and thereafter employ Executive, and Executive agrees to continue to serve as an independent contractor through the IPO Date, and thereafter to be employed by the Company, in each case pursuant to this Employment Agreement, for a period commencing on April 1, 2022 (the "Start Date") and ending December 31, 2024 (the "Term"). On each December 31 durin...g the Term, commencing with December 31, 2024, the Term will be automatically extended for an additional one year, through the following December 31, unless either Party notifies the other Party in writing, not fewer than ninety (90) days prior to such December 31, that it has elected not to extend the Term, in which event the Term shall expire on such December 31. Notwithstanding anything contained herein to the contrary: (i) Executive's consultancy and employment with the Company may be terminated by the Company or Executive during the Term, subject to the terms and conditions of this Employment Agreement; and (ii) nothing in this Employment Agreement shall mandate or prohibit a continuation of Executive's employment following the expiration of the Term upon such terms and conditions as the Board of Directors of the Company (the "Board"), and Executive may mutually agree. Executive's period of consultancy and employment pursuant to this Employment Agreement shall hereinafter be referred to as the "Employment Period". View More

Employment and Term. The Company and Employee acknowledge that Employee has been a member of the Board of Directors of the Company since September 2021. The Company hereby employs Employee and Employee hereby accepts employment with the Company upon the terms and conditions of this Agreement. Employee's employment with the Company is at-will and will commence on November 1, 2022. This Agreement does not modify the at-will nature of Employee's employment nor is it intended to guarantee Employee a specific term of emp...loyment with the Company. Either Employee or the Company may terminate the employment relationship at any time, for any lawful reason. Employee agrees to abide by all Company rules, policies, and procedures. View More

Employment and Term. Company hereby employs Employee as Chief Executive Officer and Employee accepts such employment pursuant to the terms of this Agreement. Employee shall report to and take direction from the Chairman of the Company's Board of Directors (the "Board") and the Board. The Company shall appoint Employee as a member of the Board and shall use its commercially reasonable efforts to cause Employee to be elected as a member of the Board throughout Employee's term of employment hereunder, including without... limitation nominating Employee for election as a director at each stockholder meeting during such term at which Employee's term as a director would otherwise expire. Employee agrees to accept election, and to serve as director of the Company during the term of his employment hereunder. This Agreement shall commence on the Effective Date, and shall continue, unless sooner terminated in accordance with this Agreement, until August 9, 2022 (the "Initial Period"); provided, however, this Agreement may be extended for an additional period of up to one year by the Parties' mutual written agreement at least thirty (30) days prior to expiration of the Initial Period (the "Extended Period" and together with the Initial Term, the "Agreement Period"). During the Agreement Period, Employee's employment may be terminated by the Company with or without Cause, subject to Sections 6 and 8 of this Agreement, and Employee may resign or otherwise terminate his employment with the Company at any time, with or without notice, subject to the provisions of Sections 9 and 10 of this Agreement. Notwithstanding the provisions of this Section, the provisions of Sections 4.d, and 6-22 shall survive the termination of Employee's employment and remain in full force and effect thereafter. 1 3. Duties. Employee shall have the title of Chief Executive Officer. Employee will devote Employee's full working time, attention, loyalty, skills and efforts to diligently perform all the duties, responsibilities, and requirements assigned to Employee while employed by Company. Employee's title, position and duties are at all times subject to change at the direction of the Company's Board of Directors (the "Board"). View More

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts continued employment by the Company on the terms and conditions hereinafter set forth. Executive's term of employment by the Company under this Agreement (the "Term") shall continue from the Effective Date through December 31, 2023; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date... of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive's employment with the Company shall expire in accordance therewith. View More

Employment and Term. WiSA shall employ Executive and Executive accepts full time employment as Chief Financial Officer of WiSA and as Secretary of WiSA on the terms and conditions set forth herein. Executive's employment under this Agreement shall be for an unspecified term (the "Term") on an "at will" basis. Nothing in Company's policies, actions or this Agreement shall be construed to alter the "at will" nature of Executive's status with Company, and Executive understands that Company may terminate Executive's emp...loyment at any time for any reason or for no reason, provided that it is not terminated in violation of state or federal law. View More

Employment and Term. The Executive shall serve as the President of the Bank in accordance with the terms and subject to the conditions of this Agreement from the Effective Date until December 31, 2024 (the "Initial Term"). The Corporation's Board of Directors (the "Board") shall review this Agreement annually and determine whether the extension of the Agreement for an additional twelve-month period (each a "Renewal Term") is appropriate in its sole and exclusive discretion. This Agreement shall be extended for a Ren...ewal Term unless the Employers provide the Executive with a written notice of non-renewal not less than 30 days prior to the end of the applicable Term. The Initial Term and any Renewal Term are, collectively, the "Term." View More

Employment and Term. The Company hereby employs the Employee as the Chief Financial Officer of the Company, and the Employee accepts such continued employment, upon the terms and subject to the conditions set forth in this Agreement. The term of this Agreement shall commence on the date hereof (the "Commencement Date") and shall terminate on the second (2nd) anniversary of the Commencement Date (the "Term"), subject to earlier termination as provided herein.

Employment and Term. (a) Effective January 1, 2015 (the "Effective Date"), the Company agrees to employ the Executive, and the Executive accepts employment by the Company, as its Executive Vice President upon the terms and conditions set forth herein. (b) Subject to Sections 1(c) and (d) and the provisions for termination hereinafter provided in Section 6, the term of the Executive's employment hereunder shall be from the Effective Date through and including the day immediately preceding the third anniversary of the... Effective Date (the "Initial Period"). (c) On the first anniversary of the Effective Date and on each subsequent anniversary of such date (each a "Renewal Date"), the term of this Agreement shall automatically be extended by one additional calendar year (the "Extension Period") unless either party shall have provided notice to the other within the ninety-day period prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. (d) For purposes of this Agreement, subject to the provisions for termination hereinafter provided in Section 6, the term "Employment Period" means the Initial Period, if the term of this Agreement has not been extended pursuant to Section 1(c); otherwise, the period beginning on the Effective Date and ending with the last day of the most recently arising Extension Period. Notwithstanding the foregoing, the Employment Period shall terminate on the applicable date set forth in Section 6 and shall not include any Severance Period (as hereinafter defined). View More

Employment and Term. Subject to the terms and conditions hereof, the Company hereby employs Employee during the term of employment set forth in Section 1.2 to serve as Chief Executive Officer and President of the Company and perform such services and duties as are normally and customarily associated with such position as well as such other associated duties as the Board of Directors shall reasonably determine. Employee hereby accepts such employment and agrees to devote sufficient time, attention and energies during... regular business hours to effectively perform his duties and obligations hereunder. 1.2 Term. The term of employment of Employee under this Agreement shall commence January 1, 2013 and expiring on December 31, 2013 (the "Term") subject to the provisions for early termination set forth herein and subject to renewal based on approval by the Board of Directors. View More