Employment Term Contract Clauses (621)

Employment Term. The Company hereby continues to employ Executive, and Executive hereby accepts continued employment, under the terms and conditions hereof, for the period beginning on the Effective Date and terminating upon the earlier of (i) December 31, 2024 and (ii) the Date of Termination as defined in Section 1(j) (the period of such employment, the "Term").

Employment Term. The term of the Agreement shall begin on the Effective Date and end on the earlier of (i) the date that is four (4) months following the Effective Date or (ii) the date that the Company appoints a new president or chief operating officer (the "Employment Term"), provided that the Employment Term will expire on a termination of employment for any reason prior to the earlier of such dates. Notwithstanding the foregoing, in the event that a new president or chief operating officer has not been appo...inted by the date that is four (4) months following the Effective Date, the Company can extend the Employment Term on a month to month basis with the approval of both Dinar and CIMA until a new president or chief operating officer is appointed. Upon execution of this Agreement the parties agree that the Prior Employment Agreement will be terminated and have no further force or effect. The parties agree that upon such termination of the Prior Employment Agreement each party releases the other party from any and all claims related to the Prior Employment Agreement. View More

Employment Term. CKX hereby employs Executive under the terms of this Agreement commencing on the Effective Date and terminating on the third (3rd) anniversary of the Effective Date (the "Term"), unless Executive's employment is terminated earlier in accordance with Section 5, below.

Employment Term. The Executive's employment by the Company as President under this Agreement shall commence on April 1, 2019 (the "Effective Date") and shall continue through April 1, 2021, unless sooner terminated pursuant to Paragraph 7 below. The term of the Executive's employment hereunder shall thereafter automatically renew for successive one year periods unless sooner terminated pursuant to Paragraph 7 below or unless either Party provides notice to the other Party, at least sixty days prior to the commen...cement of the first or next such renewal period, that the term of the Executive's employment shall end upon the expiration of the then term. Such term of employment hereunder, including any such automatic renewal periods, shall hereafter be referred to as the "Term." View More

Employment Term. Unless otherwise terminated earlier as provided in Section 5, Executive's employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until May 31, 2020 (the "Initial Term"), provided that this Agreement shall automatically renew for successive one-year periods unless either the Company or the Executive provide written notice to the other of its intention not to renew the Agreement at least ten (10) days prior to the end of any yearly term (each... such additional year being an "Extended Term", and collectively with the Initial Term being the "Employment Term"). View More

Employment Term. (a) Position, Duties, Etc. Effective as of June 3, 2019 (the "Effective Date"), the Company shall employ the Executive as the Chief Executive Officer of Avadel plc and as the Chief Executive Officer of the Company, and the Executive hereby accepts and agrees to such employment. The Executive shall carry out such work and perform such duties as may be reasonably required by the Company consistent with such positions and the terms and conditions of this Agreement. With respect to his position as C...hief Executive Officer of Avadel plc, the Executive shall have all the duties, powers and responsibilities customarily associated with such position for a corporation incorporated under the Delaware General Corporation Law with equity securities registered under the United States Securities Exchange Act of 1934. The Executive shall work from the Company's offices in the St. Louis, Missouri area (currently in Chesterfield, Missouri), but shall also travel to and work from offices of the Company's affiliates in Lyon, France and Dublin, Ireland, to the extent required and appropriate, with the costs associated with such travel borne by the Company. The Executive will devote substantially all of the Executive's business time, attention and efforts to Avadel plc and the Company and during such time will make the best use of his energy, knowledge, and training for the purpose of advancing the interests of Avadel plc and the Company. Except as may be otherwise expressly authorized in writing by a duly authorized representative of the Board of Directors of Avadel plc, during his employment hereunder, the Executive will not accept any other employment with, and the Executive will not serve as an officer, director or principal of, any other company or organization other than a member of the Avadel Group of Companies (as hereinafter defined). Notwithstanding the foregoing, the Executive may engage in religious, charitable or other community activities (which may include service as a board member of a religious, charitable or other not-for-profit organization) as long as such activities do not interfere with the Executive's performance of his duties to or with respect to Avadel plc and each of its direct or indirect subsidiaries including the Company (collectively, the "Avadel Group of Companies"). The Executive will comply with all written policies of the Avadel Group of Companies, to the extent applicable to the Executive. (b) Reporting. The Executive shall report directly to the Board of Directors of Avadel plc. 1.2 Citizenship Status. It is the intent of the parties that, at all times during the Executive's employment hereunder, he will remain a citizen of the United States. 1.3 Duration. The term of this Agreement shall commence as of the Effective Date set forth above and shall continue for one (1) year beginning on such date, with the Agreement automatically renewing thereafter for successive periods of one (1) year, unless the Executive or the Company provides written notice to the other of his or its intention not to renew the Agreement at least thirty (30) days prior to the next upcoming expiration date. At the termination of this Agreement, the Executive's employment by the Company hereunder shall terminate simultaneously. As of the Effective Date, this Agreement supersedes and replaces the 2017 Agreement, which shall be null and void thereafter. View More