Employment Period Contract Clauses (804)

Employment Period. The Company agrees to continue to employ Executive, and Executive agrees to continue to serve the Company, on an "at will" basis, which means that, subject to the payment obligations imposed on the Company pursuant to this Agreement, either the Company or Executive may terminate Executive's employment with the Company at any time, with or without Cause, as provided in Section 6 below. The period commencing with the Start Date and ending on the effective date of any termination of employment in a...ccordance with the provisions hereof shall constitute the term of this Agreement (the "Employment Period"). 1 4. Extent of Service. During the Employment Period, Executive agrees to devote her full business time, attention, energy and best efforts to the business and affairs of the Company and to use Executive's reasonable best efforts to perform faithfully and efficiently the responsibilities assigned to Executive hereunder. During the Employment Period it shall not be a violation of this Agreement for Executive to (A) manage personal investments, or (B) devote time to charitable and community activities or, with the approval of the CEO, industry or professional activities including service on the board of directors of another corporation, so long as such activities do not interfere or conflict with the performance of Executive's responsibilities as an employee of the Company in accordance with this Agreement. View More

Employment Period. The Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on April 1, 2019 (the "Employment Period"); provided, however, that, commencing on April 1, 2017, and on each anniversary of such date (such date and each annual anniversary thereof, a "Renewal Date"), unless previously terminated, the Employment Period shall automatically be exte...nded so as to terminate three years from such Renewal Date, unless, at least 60 days prior to a Renewal Date, the Company shall give notice to the Executive that the Employment Period shall not be so extended. The Employment Period shall automatically terminate upon any termination of the Executive's employment with the Company. View More

Employment Period. HMS Holdings hereby agrees to employ you and you hereby accept employment with HMS Holdings upon the terms set forth in this Agreement, for the period commencing on the Effective Date and ending when and as provided in Section 6 (the "Employment Period").

Employment Period. Subject to the terms and conditions set forth herein and unless sooner terminated as hereinafter provided, XGS shall employ Executive as an officer, and Executive agrees to serve as an officer and accepts such employment beginning on January 6, 2014 (the "Effective Date"). This Agreement shall remain in effect until either party delivers a written notice of a termination pursuant to Section 5 hereof. For purposes of this Agreement, the period from the Effective Date until the termination of Exec...utive's employment shall hereinafter be referred to as the "Term". Executive's employment pursuant to this Agreement shall be "at will" as such term is construed under Michigan law. View More

Employment Period. The Company will employ the Employee, and the Employee will serve the Company, under the terms of this Agreement for an initial term of two (2) years (the "Initial Term") commencing on October 1, 2018 (the "Effective Date"). Upon the expiration of the Initial Term, this agreement may only be extended by the mutual written agreement of the Company and the Employee. Notwithstanding the foregoing, the Employee's employment hereunder may be earlier terminated in accordance with Section 5 below. The ...period of time between the commencement and the termination of the Employee's employment (including the expiration of this Agreement) hereunder shall be referred to herein as the "Employment Period." 2. Duties and Status. 2.1. Position. The Company hereby engages the Employee as its President and Chief Executive Officer ("CEO") on the terms and conditions set forth in this Agreement. In addition, during the Employment Period, the Company shall appoint or nominate for election, as applicable, the Employee as a director on the Company's Board of Directors (the "Board"). During the Employment Period, the Employee shall assume management responsibility and authority over all operating functions of the Company and, subject to the supervision of the Board, shall be responsible for: (i) management of the day-to-day operations of the Company in a manner consistent with the best interests of the Company; (ii) execution of agreements and contracts on behalf of the Company in accordance with the Company's certificate of incorporation and by-laws; (iii) the administration of the business of the Company; and (iv) the exercise of such powers and the performance such duties as shall be consistent with the Employee's position as CEO and as may from time to time be assigned and directed by the Board. The Employee shall keep the Board informed of the affairs of the Company. During the Employment Period, the Employee shall report directly to the Board. The Employee agrees to devote substantially all of his business time, efforts and skills to the performance of his duties and responsibilities under this Agreement and render his services exclusively to the Company. 2.2. Standard of Care. The Employee agrees to carry out his duties hereunder in a reasonable, diligent, prudent and professional manner consistent with his fiduciary duties as an officer of the Company. 1 Compensation and Benefits. 3.1. Salary. During the Employment Period, the Company shall pay to the Employee, as compensation for the performance of his duties and obligations under this Agreement, a base salary at the rate of $300,000 per annum (the "Base Salary"), payable in accordance with the normal payroll practices of the Company. 3.2. Bonus. The Company will award the Employee a bonus ("Annual Bonus") that reflects and rewards the contributions of the Employee to the Company business and success. An Annual Bonus in an amount determined by the Board of Directors shall be paid yearly based on the Company achieving positive earnings before interest, taxes, depreciation and amortization (‘‘EBITDA''). The Company's auditors will determine EBITDA after taking into account all necessary provisions and the accrual of any and all bonuses, and excluding all extraordinary items. 3.3. Benefits. During the Employment Period, the Employee shall be entitled to participate in all of the employee benefit plans of the Company in effect during the Employment Period which are generally available to employees of the Company, subject to and on a basis consistent with, the terms, conditions and overall administration of such plans. 3.4. Vacation. During the Employment Period, the Employee shall be entitled to twenty (20) days of paid vacation each year, to be granted in accordance with the Company's vacation policy in effect from time to time. 3.5. Business Expenses. During the Employment Period, the Company shall promptly reimburse the Employee for all appropriately documented, reasonable out-of-pocket business expenses incurred by the Employee in the performance of his duties under this Agreement in accordance with Company policies. 3.6. Transportation Allowance. During the Employment Period, the Employee shall receive one thousand five hundred dollars ($1,500) per month as a transportation allowance from which the Employee shall pay for all costs and expenses associated with driving an automobile, including, but not limited to, the lease or purchase by the Employee of an automobile, insurance, repairs, gas, and maintenance. View More

Employment Period. Subject to the terms and conditions hereof, the Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company, for the period commencing on the Effective Date and ending on the last day of the thirty-sixth month following the month in which the Effective Date occurs (the "Employment Period").

Employment Period. (a) Employment and Duties. During the period between the Effective Date (as defined in Section 6) and the Termination Date (the "Employment Period"), the Employee agrees to continue to serve as an employee of the Company, to advise and assist in connection with such matters as the Company may request and as are within his area of expertise and prior experience, including, without limitation, financial reporting, accounting, tax, treasury, strategic planning, evaluation of transactions and financ...e. The Employee agrees that, during the Employment Period, he will devote such time as is reasonably necessary to effectively assist Company with regard to these matters. Further, the Parties agree and acknowledge that (i) the level of services to be provided by the Employee during the Employment Period is anticipated to equal or exceed 50% of the average level of services that he provided to the Company during the previous three years, and (ii) the Termination Date shall be the date of his separation from service for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Company Group, except as otherwise provided in this Agreement or under the terms of such plans or as required by applicable law. Following the Termination Date, the Employee shall not represent himself as continuing to be an employee, officer, director, agent, or representative of the Company or any other member of the Company Group for any purpose. 1 EXECUTION VERSION (b) Compensation. During the period between the Effective Date and February 28, 2019, the Employee's salary and benefits shall remain unchanged, except that the Employee agrees and acknowledges that he will not be eligible to participate in any annual incentive program for fiscal 2019. In particular, during such period, the Employee shall continue to receive the same base salary that was in effect for him on the Offer Date (the "Base Salary"). (c) Company's Right to Terminate. The Company shall have the right at any time before the Termination Date to notify the Employee that his continued services are no longer required, subject to the Company's obligation to make the payments and provide the benefits set forth in this Agreement. If the Company exercises its right under this Section 1(c) to terminate Employee's services prior to February 28, 2019, then the "Termination Date" shall mean the actual date on which the Company terminates Employee's services. (d) Continued Compliance with Company Policies. The Employee agrees that, during the Employment Period, he will continue to comply with all company policies to the extent relevant to his activities, including but not limited to: (i) the Code of Business Conduct and Ethics, and (ii) the Policy Statement on Insider Trading, which prohibits, among other things, trading in the Company's securities while in possession of material nonpublic information. View More

Employment Period. 2.1The period of employment of Executive by the Employer under this Agreement (the "Employment Period") shall commence on the date first written above ("Effective Date") and shall continue until terminated by either party in accordance with Section 9 of this Agreement. 5.4The Executive hereby consents to all deductions as may be permitted by law being made by the Employer from the Base Salary.5.5During the Employment Period, the Subsidiary shall promptly reimburse Executive for all reasonable ou...t-of-pocket expenses properly incurred by Executive in the ordinary course of the Employer's business that are reported and evidenced to the Subsidiary in accordance with its published expense reimbursement policies and procedures. 5.6In addition to Base Salary during the Employment, the Executive shall be eligible to be considered for a discretionary annual bonus based on pre-established individual and Company performance metrics established by the Board (the "Bonus"). 5.7The Executive shall be eligible to be considered for a discretionary Bonus with a target of 50% of Base Salary (the "Target Bonus"). 5.8In order to be eligible to receive a bonus, the Executive must be employed by the Company and not serving out any period of notice (such as the notice period given prior to termination) on the date that Bonus is to be awarded.6.Leave.6.1The Executive shall be entitled to 25 days paid vacation per calendar year, in addition to Cayman Islands public holidays, which shall accrue pro rata during the course of the year in accordance with the Employer's published policies as amended from time to time and shall be taken at a time mutually agreed with the Employer. 7.2The Employer shall enroll the Executive and her dependents in an approved medical insurance plan in accordance with the Health Insurance Law (as amended) and shall pay any premiums as mandated by law in respect thereof. 7.3The Executive shall also be eligible to participate in any other employee benefit plan as may be provided from time to time by the Employer.8.Long Term Incentive Plan.8.1The Executive shall be eligible to receive equity awards in accordance with the Long-Term Incentive Plan (the "LTIP") as set out in the Compensation Plan. 8.2For the avoidance of doubt the grant of any LTIP award is entirely within the discretion of the Board. View More

Employment Period. This Letter Agreement shall be effective for the period commencing on the Closing Date (the "Effective Date") and ending on the Chairman Succession Date (such period, the "Employment Period"). This Letter Agreement shall automatically terminate and be of no force or effect if your employment with Cabot is terminated before the Closing or the Merger Agreement is terminated for any reason without the occurrence of the Closing.

Employment Period. (a) Except as hereinafter provided, the Employment Period shall continue until, and shall end upon, the first anniversary of the Effective Date. (b) On the first anniversary of the Effective Date and on each anniversary thereafter, unless the Employment Period shall have ended pursuant to subparagraph 5(c) below or the Company shall have given Executive sixty (60) days written notice that the Employment Period will not be extended, the Employment Period shall be extended for an additional year. ...(c) Notwithstanding (a) or (b) above, the Employment Period shall end early upon the first to occur of any of the following events: (i) Executive's death; (ii) the Company's termination of Executive's employment due to Permanent Disability; (iii) a Termination For Cause; (iv) a Termination Without Cause; (v) a Termination For Good Reason; or (vi) a Voluntary Termination. View More