Employment by the Company Clause Example with 6 Variations from Business Contracts
This page contains Employment by the Company clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Employment by the Company. (a) Position. You will continue to serve as the Company's President and Chief Executive Officer. (b) Duties and Location. You will perform those duties and responsibilities as are customary for the position of President and Chief Executive Officer and as may be directed by the Board of Directors of the Company, to whom you will report. Your primary office location will be the Company's offices in Emeryville, California. Notwithstanding the foregoing, the Company reserves the right to reasonably ...require you to perform your duties at places other than your primary office location from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange.View More
Variations of a "Employment by the Company" Clause from Business Contracts
Employment by the Company. (a) Position. You will continue to serve as the Company's President and Chief Executive Financial Officer. (b) Duties and Location. You will perform those duties and responsibilities as are customary for the position of President and Chief Executive Financial Officer and as may be directed by the Board of Directors of the Company, Harrold Rust, to whom you will report. Your primary office location will be the Company's offices in Emeryville, Fremont, California. Notwithstanding the foregoing, th...e Company reserves the right to reasonably require you to perform your duties at places other than your primary office location from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one two percent (1%) (2%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. 2. COMPENSATION AND BENEFITS. (a) Base Salary. You will be paid a base salary at the rate of $300,000 per year, less applicable payroll deductions and withholdings. Your base salary will be paid on the Company's ordinary payroll cycle. As an exempt salaried employee, you will be required to work the Company's normal business hours, and such additional time as appropriate for your work assignments and position, and you will not be entitled to overtime compensation. (b) Employee Benefits. As a regular full-time employee, you will remain eligible to participate in the Company's standard employee benefits offered to executive level employees, as in effect from time to time and subject to the terms and conditions of the benefit plans and applicable Company policies. A full description of these benefits is available upon request. Subject to the terms of this Agreement, the Company may change your compensation and benefits from time to time in its discretion, and you acknowledge that nothing herein shall be construed to limit the Company's ability to amend, suspend, or terminate any benefit plan or policy at any time without providing you notice, and the right to do so is expressly reserved. (c) Annual Discretionary Bonus. You will also be eligible to earn an annual discretionary bonus. The amount of this bonus will be determined in the sole discretion of the Company and based, in part, on your performance and the performance of the Company during the calendar year, as well as any other criteria the Company deems relevant. The Company will pay you this bonus, if any, no later than March 15th of the following calendar year. The bonus is not earned until paid and no pro-rated amount will be paid if your employment terminates for any reason prior to the payment date. (d) Equity Compensation. You were previously granted various equity interests in the Company and nothing in this Agreement shall change the nature of those interests. You may be considered for additional equity awards under the Company's 2021 Equity Incentive Plan (the "Plan"), as determined within the discretion of the Company's Board of Directors. Any and all Equity Awards previously granted to you will continue to be governed by the terms of the Enovix Corporation 2016 Equity Incentive Plan (the "Plan") , and any applicable agreements and grant notices. For purposes of this Agreement, "Equity Awards" shall mean all stock options, restricted stock and restricted stock units, and such other equity awards granted pursuant to the Plan, and any applicable agreements and grant notices. (e) Expenses. The Company will reimburse you for reasonable travel, entertainment or other expenses incurred by you in furtherance of or in connection with the performance of your duties hereunder, in accordance with the Company's expense reimbursement policies and practices as in effect from time to time. View More
Employment by the Company. (a) Position. You will continue to serve as the Company's Executive Vice President and & Chief Executive Quality Officer. (b) Duties and Location. You Location.You will perform those duties and responsibilities as are customary for the position of Executive Vice President & Chief Quality Officer (which will include duties related to Quality and Chief Executive Officer Regulatory, as well as Program Management), and as may be directed by the Board of Directors of the Company, Chief Executive Offi...cer, to whom you will report. Your primary office location will be your home office in San Diego, California, however, you will also be required to perform services at the Company's offices in Emeryville, California. California upon request by the Company or as necessitated by your job duties. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to perform your duties at places other than your primary office location or the Company's Emeryville, California offices from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside (c)Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. Notwithstanding the foregoing, with advance written permission from the Company (which will not be unreasonably withheld), you may be permitted to serve on the board of directors of up to two (2) for-profit entity, so long as such entity does not compete with the Company, in any line of business engaged in (or planned to be engaged in) by the Company, and such service does not interfere or cause any conflict of interest (actual or perceived) with your work for the Company. View More
Employment by the Company. (a) Position. You will continue to serve as the Company's President Vice President, Global Supply Chain, Operations and Chief Executive Officer. Quality. (b) Duties and Location. You will perform those duties and responsibilities as are customary for the position of Vice President Global Supply Chain, Operations and Chief Executive Officer Quality and as may be directed by the Board of Directors of the Company, Chief Executive Officer, to whom you will report. Your primary office location will b...e the Company's offices in Emeryville, California. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to perform your duties at places other than your primary office location from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. View More
Employment by the Company. (a) Position. You will continue to serve as the Company's President Executive Vice President, Commercialization, Regulatory, Clinical and Chief Executive Officer. Business Development. (b) Duties and Location. You will perform those duties and responsibilities as are customary for the position of President Executive Vice President, Commercialization, Regulatory, Clinical and Chief Executive Officer Business Development and as may be directed by the Board of Directors of the Company, Chief Execut...ive Officer, to whom you will report. Your primary office location will be the Company's offices in Emeryville, California. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to perform your duties at places other than your primary office location from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. View More
Employment by the Company. (a) Position. You will continue to serve as the Company's President and Chief Executive Operations Officer. (b) Duties (b)Duties and Location. You will perform those duties and responsibilities as are customary for the position of President Chief Operations Officer (which will include duties related to Manufacturing and Chief Executive Officer Supply Chain Management), and as may be directed by the Board of Directors of the Company, Chief Executive Officer, to whom you will report. Your primary ...office location will be your home office in San Diego, California, however, you will also be required to perform services at the Company's offices in Emeryville, California. California upon request by the Company or as necessitated by your job duties. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to perform your duties at places other than your primary office location or the Company's Emeryville, California offices from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside (c)Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. View More
Employment by the Company. (a) Start Date and Position. Your employment with the Company will begin on January 18, 2021 or such date as otherwise agreed to by you and the Company (such actual date your employment begins (the "Start Date")). You will continue to serve as the Company's President and Chief Executive Operating Officer. (b) Duties and Location. You will perform those duties and responsibilities as are customary for the position of President and Chief Executive Operating Officer and as may be directed by the Bo...ard of Directors of the Company, Chief Executive Officer, to whom you will report. Your primary office location will be the Company's offices in Emeryville, California. Notwithstanding the foregoing, the Company reserves the right to reasonably require you to perform your duties at places other than your primary office location from time to time, and to require reasonable business travel. Subject to the terms of this Agreement, the Company may modify your job title, duties, and reporting relationship as it deems necessary and appropriate in light of the Company's needs and interests from time to time. (c) Outside Activities. Throughout your employment with the Company, you may engage in civic and not-for-profit activities so long as such activities do not interfere with the performance of your duties hereunder or present a conflict of interest with the Company. During your employment by the Company, except on behalf of the Company, you will not directly or indirectly serve as an officer, director, stockholder, employee, partner, proprietor, investor, joint venturer, associate, representative or consultant of any other person, corporation, firm, partnership or other entity whatsoever known by you to compete with the Company (or is planning or preparing to compete with the Company), anywhere in the world, in any line of business engaged in (or planned to be engaged in) by the Company; provided, however, that you may purchase or otherwise acquire up to (but not more than) one percent (1%) of any class of securities of any enterprise (but without participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange. View More
