Employment by the Company Clause Example with 5 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 Term. The term of this Agreement shall commence on the Effective Date, and shall continue for four years after the Effective Date, unless terminated prior thereto by either the Company or the Executive as provided in Section 6. If either the Company or the Executive does not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, as hereinafter provided, or if either the Company or the Executive wishes to renew this Agreement on different terms than... those contained herein, it or Executive shall give written notice in accordance with Section 7.1 below of such intent to the other party at least ninety (90) days prior to the expiration date. In the absence of such notice, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year from the date of expiration. The parties expressly agree that designation of a term and renewal provisions in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term and any successive term as the context requires. 1.2 Position. Subject to the terms set forth herein, the Company agrees to employ Executive initially in the position of President and Chief Executive Officer, and Executive hereby accepts such employment. During the term of Executive's employment with the Company, Executive will devote his best efforts and substantially all of his business time and attention to the business of the Company. 1.3 Duties. Executive will report to the Board of Directors of the Company (the "Board") performing such duties as are normally associated with Executive's position and such duties as are assigned to Executive from time to time by the Board, subject to the oversight and direction of the Board. Executive shall perform Executive's duties under this Agreement principally out of the Company's corporate headquarters in Shelton, Connecticut. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties shall also be subject to the Company's personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees in the Company's benefit plans in effect from time to time during his employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that 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
Found in Cara Therapeutics, Inc. contract

Variations of a "Employment by the Company" Clause from Business Contracts

Employment by the Company. 1.1 Term. The term of this Agreement shall commence employment hereunder will be for the four year period commencing on the Effective Date, Date and shall continue for four years after ending on the fourth anniversary of the Effective Date, unless terminated subject to termination prior thereto pursuant to Sections 5, 6, 7, 8 or 9 below. Unless the Company gives notice of its intent not to renew Executive's employment hereunder, or Executive gives written notice to the Company of her determinati...on not to renew her service and employment hereunder, in any case at least one year prior to the fourth anniversary of the Effective Date, this Agreement, and Executive's employment by either the Company hereunder, shall be renewed for one year from that anniversary. Thereafter, unless the Company or the Executive as provided in Section 6. If either the Company or the Executive does gives written notice of determination not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, as hereinafter provided, or if either the Company or the Executive wishes to renew this Agreement on different terms than those contained herein, it or Executive shall give written notice in accordance with Section 7.1 below of such intent to the other party at least ninety (90) days one year prior to the expiration date. In next succeeding anniversary of the absence of such notice, Effective Date, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year from that anniversary. The term "Service Period" shall mean the date of expiration. The parties expressly agree that designation of a term and renewal provisions four year period provided for in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term Section 1.1 and any successive term as the context requires. extension thereof, or any shorter period resulting from any termination of service under Sections 5, 6, 7, 8 or 9 hereof. 1.2 Position. Subject Executive will be assigned initially to the terms set forth herein, the Company agrees to employ Executive initially in the position of Vice President of Clinical Development and Chief Executive Officer, and Executive hereby accepts such employment. Medical Officer of the Company. During the term of Executive's employment with the Company, Executive will devote his her best efforts and substantially all of his her business time and attention to the business of the Company. 1.3 Duties. Executive will report to the Chairman of the Board of Directors of the Company (the "Board") and/or such other Board officers, company executives and/or committees designated by the Chairman, performing such duties as are normally associated with Executive's her then current position and such duties as are assigned to Executive her from time to time by the Board, time, subject to the oversight and direction of the Board. Chairman of the Board or his/her designee. Executive shall perform Executive's her duties under this Agreement principally out of the Company's corporate headquarters in Shelton, Connecticut. Gaithersburg, Maryland location, or such other location as assigned. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties shall also be subject to the Company's personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees in the Company's benefit plans in effect from time to time during his her employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. 1.5 Time to be Devoted to Service. Except for reasonable vacations, absences due to temporary illness, and activities that may be mutually agreed to by the parties, Executive shall devote her entire time, attention and energies during normal business hours and such evenings and weekends as may be reasonably required for the discharge of her duties to the business of the Company during the Service Period. During the Service Period, Executive will not be engaged in any other business activity, which, in the reasonable judgment of the Chairman of the Board of the Company, conflicts with the duties of Executive hereunder, whether or not such activity is pursued for gain, profit or other pecuniary advantage. The Company further acknowledges and agrees that, subject to the prior written approval by a majority of the Board of Directors (which majority shall exclude Executive if Executive is a then current member of the Board of Directors) and consistent with the terms of the Compliance Agreement (as defined below), Executive may serve on the boards of directors and advisory boards of other companies provided that such service does not interfere with the performance of Executive's duties hereunder. View More
Found in GLYCOMIMETICS INC contract
Employment by the Company. 1.1 Term. The term of this Agreement shall commence employment hereunder will be for the four year period commencing on the Effective Date, Date and shall continue for four years after ending on the fourth anniversary of the Effective Date, unless terminated subject to termination prior thereto pursuant to Sections 5, 6, 7, 8 or 9 below. Unless the Company gives notice of its intent not to renew Executive's employment hereunder, or Executive gives written notice to the Company of her determinati...on not to renew her service and employment hereunder, in any case at least one year prior to the fourth anniversary of the Effective Date, this Agreement, and Executive's employment by either the Company hereunder, shall be renewed for one year from that anniversary. Thereafter, unless the Company or the Executive as provided in Section 6. If either the Company or the Executive does gives written notice of determination not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, as hereinafter provided, or if either the Company or the Executive wishes to renew this Agreement on different terms than those contained herein, it or Executive shall give written notice in accordance with Section 7.1 below of such intent to the other party at least ninety (90) days one year prior to the expiration date. In next succeeding anniversary of the absence of such notice, Effective Date, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year from that anniversary. The term "Service Period" shall mean the date of expiration. The parties expressly agree that designation of a term and renewal provisions four year period provided for in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term Section 1.1 and any successive term as the context requires. extension thereof, or any shorter period resulting from any termination of service under Sections 5, 6, 7, 8 or 9 hereof. 1.2 Position. Subject Executive will be assigned initially to the terms set forth herein, the Company agrees to employ Executive initially in the position of President and Chief Executive Officer, and Executive hereby accepts such employment. Officer of the Company. During the term of Executive's employment with the Company, Executive will devote his her best efforts and substantially all of his her business time and attention to the business of the Company. 1.3 Duties. Executive will report to the Chairman of the Board of Directors of the Company (the "Board") and/or such other Board officers, company executives and/or committees designated by the Chairman, performing such duties as are normally associated with Executive's her then current position and such duties as are assigned to Executive her from time to time by the Board, time, subject to the oversight and direction of the Board. Chairman of the Board or his/her designee. Executive shall perform Executive's her duties under this Agreement principally out of the Company's corporate headquarters in Shelton, Connecticut. Gaithersburg, Maryland location, or such other location as assigned. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties shall also be subject to the Company's personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees in the Company's benefit plans in effect from time to time during his her employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. 1.5 Time to be Devoted to Service. Except for reasonable vacations, absences due to temporary illness, and activities that may be mutually agreed to by the parties, Executive shall devote her entire time, attention and energies during normal business hours and such evenings and weekends as may be reasonably required for the discharge of her duties to the business of the Company during the Service Period. During the Service Period, Executive will not be engaged in any other business activity, which, in the reasonable judgment of the Chairman of the Board of the Company, conflicts with the duties of Executive hereunder, whether or not such activity is pursued for gain, profit or other pecuniary advantage. The Company further acknowledges and agrees that, subject to the prior written approval by a majority of the Board of Directors (which majority shall exclude Executive if Executive is a then current member of the Board of Directors) and consistent with the terms of the Compliance Agreement (as defined below), Executive may serve on the boards of directors and advisory boards of other companies provided that such service does not interfere with the performance of Executive's duties hereunder. View More
Found in GLYCOMIMETICS INC contract
Employment by the Company. 1.1 Term. The term of this Agreement shall commence employment hereunder will be for the four year period commencing on the Effective Date, Date and shall continue for four years after ending on the fourth anniversary of the Effective Date, unless terminated subject to termination prior thereto pursuant to Sections 5, 6, 7, 8 or 9 below. Unless the Company gives notice of its intent not to renew Executive's employment hereunder, or Executive gives written notice to the Company of his determinati...on not to renew his service and employment hereunder, in any case at least one year prior to the fourth anniversary of the Effective Date, this Agreement, and Executive's employment by either the Company hereunder, shall be renewed for one year from that anniversary. Thereafter, unless the Company or the Executive as provided in Section 6. If either the Company or the Executive does gives written notice of determination not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, as hereinafter provided, or if either the Company or the Executive wishes to renew this Agreement on different terms than those contained herein, it or Executive shall give written notice in accordance with Section 7.1 below of such intent to the other party at least ninety (90) days one year prior to the expiration date. In next succeeding anniversary of the absence of such notice, Effective Date, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year from that anniversary. The term "Service Period" shall mean the date of expiration. The parties expressly agree that designation of a term and renewal provisions four year period provided for in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term Section 1.1 and any successive term as the context requires. extension thereof, or any shorter period resulting from any termination of service under Sections 5, 6, 7, 8 or 9 hereof. 1.2 Position. Subject Executive will be assigned initially to the terms set forth herein, the Company agrees to employ Executive initially in the position of President and Chief Executive Officer, and Executive hereby accepts such employment. Financial Officer of the Company. During the term of Executive's employment with the Company, Executive will devote his best efforts and substantially all of his business time and attention to the business of the Company. 1.3 Duties. Executive will report to the Chairman of the Board of Directors of the Company (the "Board") and/or such other Board officers, company executives and/or committees designated by the Chairman, performing such duties as are normally associated with Executive's his then current position and such duties as are assigned to Executive him from time to time by the Board, time, subject to the oversight and direction of the Board. Chairman of the Board or his/her designee. Executive shall perform Executive's his duties under this Agreement principally out of the Company's corporate headquarters in Shelton, Connecticut. Gaithersburg, Maryland location, or such other location as assigned. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties shall also be subject to the Company's personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees in the Company's benefit plans in effect from time to time during his employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that the terms of this Agreement differ from or are in conflict with the Company's general employment policies or practices, this Agreement shall control. 1.5 Time to be Devoted to Service. Except for reasonable vacations, absences due to temporary illness, and activities that may be mutually agreed to by the parties, Executive shall devote his entire time, attention and energies during normal business hours and such evenings and weekends as may be reasonably required for the discharge of his duties to the business of the Company during the Service Period. During the Service Period, Executive will not be engaged in any other business activity, which, in the reasonable judgment of the Chairman of the Board of the Company, conflicts with the duties of Executive hereunder, whether or not such activity is pursued for gain, profit or other pecuniary advantage. The Company further acknowledges and agrees that, subject to the prior written approval by a majority of the Board of Directors (which majority shall exclude Executive if Executive is a then current member of the Board of Directors) and consistent with the terms of the Compliance Agreement (as defined below), Executive may serve on the boards of directors and advisory boards of other companies provided that such service does not interfere with the performance of Executive's duties hereunder. View More
Found in GLYCOMIMETICS INC contract
Employment by the Company. 1.1 Term. The term of this Agreement shall commence on the Effective Date, and At-Will Employment. Executive shall continue for four years after to be employed by the Effective Date, unless terminated prior thereto by Company on an "at-will" basis, meaning either the Company or Executive may terminate Executive's employment at any time, with or without cause or advanced notice. Any contrary representations that may have been made to Executive shall be superseded by this Agreement. This Agreement... shall constitute the full and complete agreement between Executive and the Company on the "at-will" nature of Executive's employment with the Company, which may be changed only in an express written agreement signed by Executive and a duly authorized officer of the Company. Executive's rights to any compensation following a termination shall be only as provided set forth in Section 6. If either the Company or the Executive does not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, as hereinafter provided, or if either the Company or the Executive wishes to renew this Agreement on different terms than those contained herein, it or Executive shall give written notice in accordance with Section 7.1 below of such intent to the other party at least ninety (90) days prior to the expiration date. In the absence of such notice, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year from the date of expiration. The parties expressly agree that designation of a term and renewal provisions in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term and any successive term as the context requires. 1.2 Position. Subject to the terms set forth herein, the Company agrees to continue to employ Executive initially in the position of President and Chief Executive Officer, and Executive hereby accepts such continued employment. During the term of Executive's employment with the Company, Executive will devote his Executive's best efforts and substantially all of his Executive's business time and attention to the business of the Company. 1.3 Duties. Executive will report to the Board of Directors of the Company (the "Board") performing such duties as are normally associated with Executive's then-current position and such duties as are assigned to Executive from time to time by the Board, time, subject to the oversight and direction of the Board. Board of Directors. Executive shall perform Executive's duties under this Agreement principally out of the Company's corporate headquarters office in Shelton, Connecticut. the Rockville, Maryland area or such other location as assigned. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties shall also continue to be subject to the Company's personnel policies and procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated similarly-situated employees in the Company's benefit plans in effect from time to time during his Executive's employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that 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
Found in Xometry, Inc. contract
Employment by the Company. 1.1 Term. The term of this Agreement shall commence on the Effective Date, and shall continue for four three (3) years after the Effective Date, from that date, unless terminated prior thereto by either the Company or the Executive as provided in Section 6. 5. If either the Company or the Executive does not wish to renew this Agreement when it expires at the end of the initial or any renewal term hereof, hereof as hereinafter provided, provided or if either the Company or the Executive wishes to... renew this Agreement on different terms than those contained herein, it or Executive he shall give written notice in accordance with Section 7.1 11.3 below of such intent to the other party at least ninety (90) days prior to the expiration date. In the absence of such notice, this Agreement shall be renewed on the same terms and conditions contained herein for a term of one (1) year three (3) years from the date of expiration. The parties expressly agree that designation of a term and renewal provisions in this Agreement does not in any way limit the right of the parties to terminate this Agreement at any time as hereinafter provided. Reference herein to the "Term" of this Agreement shall refer both to the initial term and any successive term as the context requires. 1.2 Position. Subject to the terms set forth herein, the Company agrees to employ Executive initially in the position of President and Chief Executive Officer, [TITLE], and Executive hereby accepts such employment. During the term of Executive's employment with the Company, Executive will devote his Executive's best efforts and substantially all of his Executive's business time and attention to the business of the Company. 1.3 Duties. As [TITLE], Executive will report to the Board of Directors Chief Executive Officer, and will lead and manage all [INSERT] of the Company (the "Board") performing Company, as well as perform such duties as are normally associated with Executive's position and such duties as are assigned to Executive from time to time by the Board, Chief Executive Officer, subject to the oversight and direction of the Board. Chief Executive Officer. Executive shall perform Executive's duties under this Agreement principally out of the Company's corporate headquarters in Shelton, Connecticut. Louisville, Colorado facility. In addition, Executive shall make such business trips to such places as may be necessary or advisable for the efficient operations of the Company. 1.4 Company Policies and Benefits. The employment relationship between the parties also shall also be subject to the Company's personnel and compliance policies and 1 procedures as they may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. Executive will be eligible to participate on the same basis as similarly situated employees executives in the Company's benefit plans in effect from time to time during his Executive's employment. All matters of eligibility for coverage or benefits under any benefit plan shall be determined in accordance with the provisions of such plan. The Company reserves the right to change, alter, or terminate any benefit plan in its sole discretion. Notwithstanding the foregoing, in the event that 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
Found in GLOBEIMMUNE INC contract