Employment by the Company Clause Example with 9 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. 1.1 Position. Subject to terms and conditions set forth herein, the Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. During the term of Executive's employment with the Company, Executive will devote Executive's best efforts and substantially all of Executive's business time and attention to the business of the Company, except for vacation periods as set forth herein and reasonable periods of illness or other incapacities... permitted by the Company's general employment policies. 1.2 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, and to require reasonable business travel. 1.3 Policies and Procedures. The employment relationship between the parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control.View More
Variations of a "Employment by the Company" Clause from Business Contracts
Employment by the Company. 1.1 Position. Subject 1.1Position. Executive shall continue to terms serve as Chief Operating Officer and conditions set forth herein, the Company agrees to employ Executive in the position of Senior Vice President Operation President, Corporate Development and Executive hereby accepts such employment. Strategy. During the term of Executive's employment with the Company, Executive will devote Executive's best diligent efforts and substantially all of Executive's business time and attention to th...e business of the Company, except for vacation periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. 1.2 Duties Company. 1.2Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. Officer, to whom Executive will report. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Company's Santa Barbara office. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, time, and to require reasonable business travel. 1.3 Policies Executive shall devote substantially all of Executive's business time and attention to the performance of Executive's duties hereunder, except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Executive shall not engage in any other business, profession or occupation for compensation or otherwise that would conflict or interfere with the rendition of services to the Company, either directly or indirectly; provided that nothing in this Agreement shall preclude Executive from (i) managing personal investments, (ii) serving on civic or charitable boards or committees, (iii) engaging in business or professional activities for compensation from a third party, for 40 or fewer hours per calendar year, so long as such activities do not compete with the Company, and (iv) with the prior approval from the Chief Executive Officer or Chairman of the Board (not to be unreasonably withheld or delayed), serving on the board of directors of other for-profit companies that do not compete with the Company, so long as all such activities described in clauses (i) through (iv) herein do not materially interfere with the performance of Executive's duties and responsibilities under this Agreement. 1.3Policies and Procedures. The employment relationship between the parties Parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. Executive's employment constitutes "at-will" employment and the employment relationship may be terminated by the Company or Executive at any time, with or without notice, subject to the provisions of this Agreement. 1 2. Compensation. 2.1 Salary. As of the Effective Date, Executive's base salary is payable at the annualized rate of $325,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Performance Bonus. Executive will be eligible to earn a performance bonus of up to 45% of the Executive's Base Salary (the "Performance Bonus") based upon the following criteria: (i) attainment of corporate objective(s) according to the milestones set forth on Schedule 1 attached hereto; and (ii) attainment of personal performance objectives according to the milestones set forth on Schedule 2 attached hereto. The achievement of and amount of the Performance Bonus as measured by the foregoing criterion shall be determined by the Compensation Committee of the Board of Directors (the "Committee") in its sole and absolute discretion. For 2016, the Performance Bonus was and shall be determined and payable as follows: fifty percent (50%) was determined by the Committee to have been fully earned and was paid on the date hereof and fifty percent (50%) will be paid on January 31, 2017 to the extent that it is determined to have been earned. Any subsequent year Performance Bonus criteria will be determined by the Committee and attached as an addendum to this Agreement and shall supersede any prior criteria. Executive must remain an active employee through the end of any given Performance Bonus determination period. No Performance Bonus will be paid later than March 15 of the year following the year in which the Performance Bonus was earned. View More
Employment by the Company. 1.1 Position. Subject Executive shall continue to terms and conditions set forth herein, the Company agrees to employ Executive in the position of serve as Chief Financial Officer, Senior Vice President Operation and Executive hereby accepts such employment. Treasurer. During the term of Executive's employment with the Company, Executive will devote Executive's best diligent efforts and substantially all of Executive's business time and attention to the business of the Company, except for vacati...on periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. 1.2 Duties Company. 1.2Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. Officer, to whom Executive will report. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Company's Santa Barbara office. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, time, and to require reasonable business travel. 1.3 Policies Executive shall devote substantially all of Executive's business time and attention to the performance of Executive's duties hereunder, except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Executive shall not engage in any other business, profession or occupation for compensation or otherwise that would conflict or interfere with the rendition of services to the Company, either directly or indirectly; provided that nothing in this Agreement shall preclude Executive from (i) managing personal investments, (ii) serving on civic or charitable boards or committees, (iii) engaging in business or professional activities for compensation from a third party, for 40 or fewer hours per calendar year, so long as such activities do not compete with the Company, and (iv) with the prior approval from the Chief Executive Officer or Chairman of the Board (not to be unreasonably withheld or delayed), serving on the board of directors of other for-profit companies that do not compete with the Company, so long as all such activities described in clauses (i) through (iv) herein do not materially interfere with the performance of Executive's duties and responsibilities under this Agreement. 1.3Policies and Procedures. The employment relationship between the parties Parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. Executive's employment constitutes "at-will" employment and the employment relationship may be terminated by the Company or Executive at any time, with or without notice, subject to the provisions of this Agreement. 1 2. Compensation. 2.1 Salary. As of the Effective Date, Executive's base salary is payable at the annualized rate of $350,000 per year (the "Base Salary"), subject to standard payroll deductions and withholdings and payable in accordance with the Company's regular payroll schedule. 2.2 Performance Bonus. Executive will be eligible to earn a performance bonus of up to 45% of the Executive's Base Salary (the "Performance Bonus") based upon the following criteria: (i) attainment of corporate objective(s) according to the milestones set forth on Schedule 1 attached hereto; and (ii) attainment of personal performance objectives according to the milestones set forth on Schedule 2 attached hereto. The achievement of and amount of the Performance Bonus as measured by the foregoing criterion shall be determined by the Compensation Committee of the Board of Directors (the "Committee") in its sole and absolute discretion. For 2016, the Performance Bonus was and shall be determined and payable as follows: fifty percent (50%) was determined by the Committee to have been fully earned and was paid on the date hereof and fifty percent (50%) will be paid on January 31, 2017 to the extent that it is determined to have been earned. Any subsequent year Performance Bonus criteria will be determined by the Committee and attached as an addendum to this Agreement and shall supersede any prior criteria. Executive must remain an active employee through the end of any given Performance Bonus determination period. No Performance Bonus will be paid later than March 15 of the year following the year in which the Performance Bonus was earned. View More
Employment by the Company. 1.1 Position. Subject to terms Executive shall serve as the Company's Chief Financial Officer (and principal financial and conditions set forth herein, the Company agrees to employ Executive in the position of Vice President Operation accounting officer) and Executive hereby accepts such employment. During the term of Executive's employment with the Company, Executive will devote Executive's best efforts Corporate Secretary and substantially all of Executive's business time and attention shall r...eport directly to the business of the Company, except for vacation periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Chief Executive Officer. 1.2 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws position of Chief Financial Officer (and principal financial and accounting officer) and Corporate Secretary and such other reasonable and customary duties as are assigned to Executive by the Company and as required by Company's Chief Executive Officer and/or the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. "Board"), or an authorized committee thereof. Executive's primary office location shall be a location mutually acceptable to both the Company's principal executive offices located in San Diego, California, although the Executive understands that reasonable travel shall be required in the performance of Executive's duties under this Agreement. Executive shall devote Executive's full and exclusive business time (as opposed to personal time), energy, and ability to the Company. The Company reserves the right to reasonably require Executive to business of Company, and shall perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, faithfully and to require reasonable business travel. in compliance with the law. 1.3 Policies and Procedures. The employment relationship between the parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. View More
Employment by the Company. 1.1 Position. Subject to terms Executive shall serve as the Company's Chief Commercial Officer and conditions set forth herein, the Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. During the term of Executive's employment with the Company, Executive will devote Executive's best efforts and substantially all of Executive's business time and attention shall report directly to the business of the Company, except for vacati...on periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Chief Executive Officer. 1.2 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws position of Chief Commercial Officer and such other reasonable and customary duties as are assigned to Executive by the Company and as required by Company's Chief Executive Officer and/or the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. "Board"), or an authorized committee thereof. Executive's primary office location shall be a location mutually acceptable to both the Company's principal executive offices located in San Diego, California, although the Executive understands that reasonable travel shall be required in the performance of Executive's duties under this Agreement. Executive shall devote Executive's full and exclusive business time (as opposed to personal time), energy, and ability to the Company. The Company reserves the right to reasonably require Executive to business of Company, and shall perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, faithfully and to require reasonable business travel. in compliance with the law. 1.3 Policies and Procedures. The employment relationship between the parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. View More
Employment by the Company. 1.1 Position. Subject Executive shall serve as the Company's Chief Executive Officer and shall report directly to terms and conditions set forth herein, the Chairman of the Board of Directors of the Company agrees (the "Board"). In addition, it is contemplated that at all times during the effectiveness of this Agreement, Executive shall be nominated for election to employ Executive the Board by the stockholders of the Company so that he may continue to serve as a director of the Company in accor...dance with the position of Vice President Operation Company's governing instruments. Executive's service on the Board will be subject to any required stockholder approval and Executive hereby accepts such employment. During the term of shall be without additional compensation. If Executive's employment with the Company, Company terminates for any reason, Executive will devote Executive's best efforts and substantially shall immediately resign all positions that Executive then holds with the Company or any of Executive's business time and attention its affiliates, unless otherwise agreed to with the business of Board. If Executive fails to so resign, the Company, except for vacation periods as set forth herein and reasonable periods of illness Board shall thereupon have the right to remove Executive from all such positions without further action or other incapacities permitted by the Company's general employment policies. notice. 1.2 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws position of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of and such other reasonable and customary duties as are assigned to Executive by the Company. Board. Executive's primary office location shall be a location mutually acceptable to both the Company's principal executive offices located in San Diego, California, although the Executive understands that reasonable travel shall be required in the performance of Executive's duties under this Agreement. Executive shall devote Executive's full and exclusive business time (as opposed to personal time), energy, and ability to the Company. The Company reserves the right to reasonably require Executive to business of Company, and shall perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, faithfully and to require reasonable business travel. in compliance with the law. 1.3 Policies and Procedures. The employment relationship between the parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. View More
Employment by the Company. 1.1 Position. Subject to terms Executive shall serve as Chief Financial Officer, Senior Vice President, and conditions set forth herein, Treasurer of the Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. Company. During the term of Executive's employment with the Company, Executive will devote Executive's best diligent efforts and substantially all of Executive's business time and attention to the business of the Company,... except for vacation periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. 1.2 Duties Company. 1.2Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. Officer, to whom Executive will report. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Company's Santa Barbara office. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, time, and to require reasonable business travel. 1.3 Policies Executive shall devote substantially all of Executive's business time and attention to the performance of Executive's duties hereunder, except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Executive shall not engage in any other business, profession or occupation for compensation or otherwise that would conflict or interfere with the rendition of services to the Company, either directly or indirectly; provided that nothing in this Agreement shall preclude Executive from (i) managing personal investments, (ii) serving on civic or charitable boards or committees, (iii) engaging in business or professional activities for compensation from a third party, for 40 or fewer hours per calendar year, so long as such activities do not compete with the Company, and (iv) with the prior approval from the Chief Executive Officer (not to be unreasonably withheld or delayed), serving on the board of directors of one other for-profit company that does not compete with the Company, so long as all such activities described in clauses (i) through (iv) herein do not materially interfere with the performance of Executive's duties and responsibilities under this Agreement. Executive has provided to the Chief Executive Officer a written list of all boards of directors (whether for-profit or non-profit) of which he is a member. 1.3Policies and Procedures. The employment relationship between the parties Parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or 1. practices, this Agreement shall control. Executive's employment constitutes "at-will" employment and the employment relationship may be terminated by the Company or Executive at any time, with or without notice, subject to the provisions of this Agreement. View More
Employment by the Company. 1.1 Position. Subject to terms (a) Title and conditions set forth herein, the Capacity. The Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. During agree to continue the term of Executive's employment with the Company, effective as of the Effective Date, under the terms set forth in this Agreement. The Executive will continue to serve as the Senior Vice President and Chief Financial Officer of the Company, reporting to t...he Company's Chief Executive Officer. During the Executive's employment with the Company, the Executive will devote Executive's best efforts and substantially all of Executive's business time and attention to the business of the Company, except for vacation periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. 1.2 policies, or as otherwise set forth herein. (b) Duties and Location. The Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, ordinary, customary and necessary in such role as carried out for a biopharmaceutical company and consistent with the bylaws Company's objectives to discover, develop, obtain approval, commercialize and sell its own pharmaceutical products, and to become registered to sell its securities to the public. The Executive shall perform any duties as are assigned to the Executive from time to time, consistent with the Bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Executive shall report to the President and Chief Executive Officer of the Company. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Officer. The Company reserves the right to reasonably require the Executive to perform Executive's duties at places other than Executive's primary office location its corporate headquarters from time to time as agreed to by Executive, time, and to require reasonable business travel. 1.3 Policies and Procedures. (c) Company Policies. The employment relationship between the parties shall also be governed by the general employment policies and practices of the Company, Company that are made available to Executive, except that when the terms of this Agreement differ from or are in conflict with the Company's such general employment policies or practices, this Agreement shall control. View More
Employment by the Company. 1.1 Position. Subject to terms and conditions set forth herein, Executive shall serve as the Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. Company's [Title], beginning [Date]. During the term of Executive's employment with the Company, Executive will devote Executive's best efforts and substantially all of Executive's business time and attention to the business of the Company, except for approved vacation periods as s...et forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. 1.2 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). [Title], to whom Executive shall report to the President and Chief Executive Officer of the Company. will report. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Company's office located in San Bruno, California. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, time, and to require reasonable business travel. The Company may modify Executive's 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. 1.3 Policies and Procedures. The employment relationship between the parties Parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. View More
Employment by the Company. 1.1 Position. Subject to terms Executive shall serve as the Company's Chief Executive Officer and conditions set forth herein, the Company agrees to employ Executive in the position of Vice President Operation and Executive hereby accepts such employment. President. During the term of Executive's employment with the Company, Executive will devote Executive's best efforts and substantially all of Executive's business time and attention to the business of the Company, except for approved vacation ...periods as set forth herein and reasonable periods of illness or other incapacities permitted by the Company's general employment policies. Executive shall begin his employment with the Company on June 3, 2013. 1.2 Board Position. Executive shall serve as a director on the Company's Board of Directors (the "Board") for so long as he remains employed in the position of President and Chief Executive Officer. If Executives ceases to serve in such positions for any reason, then Executive will resign from his position on the Board. 1.3 Duties and Location. Executive shall serve in an executive capacity and shall perform such duties as are customarily associated with Executive's then current title, consistent with the bylaws of the Company and as required by the Company's Board of Directors (the "Board"). Board, to whom Executive shall report to the President and Chief Executive Officer of the Company. will report. Executive's primary office location shall be a location mutually acceptable to both the Executive and the Company. Company's Palo Alto office. The Company reserves the right to reasonably require Executive to perform Executive's duties at places other than Executive's primary office location from time to time as agreed to by Executive, time, and to require reasonable business travel. 1.3 Policies and Procedures. The employment relationship between the parties Parties shall be governed by the general employment policies and practices of the Company, except that when the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. View More
