Employment Clause Example with 14 Variations from Business Contracts
This page contains Employment 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. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 (the "Effective Date") and shall continue for two years, unless the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless either party gives the other party written notice at least 90 days prior to the end of the then existing term that the term of this Agreement shall n...ot be further extended. The period commencing on the Effective Date and ending on the date on which the term of this Agreement terminates is referred to herein as the "Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Officer of the Company, with duties, responsibilities, and authority commensurate therewith, and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to the Executive by the Chairman or the CEO, as applicable. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, the Executive shall devote her best efforts and full time and attention to promote the business and affairs of the Company and its affiliated entities, and may be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and such activities do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees and (2) managing personal investments, so long as such activities are permitted under the Company's code of conduct and employment policies and do not violate the provisions of Section 15 below. As of the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. (d) Principal Place of Employment. The Executive understands and agrees that her principal place of employment will be in the Company's offices located in the Boston, MA metropolitan area and that the Executive will be required to travel for business in the course of performing her duties for the Company.View More
Variations of a "Employment" Clause from Business Contracts
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 (the "Effective Date") June 28, 2021 and shall continue for two years, unless until the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless either party gives the other party written notice at least 90 days prior to the end termination of the then existing term that th...e term of this Agreement shall not be further extended. The period commencing on the Effective Date and ending on the date on which the term of this Agreement terminates is referred to herein as the "Term." Employee's employment (the "Term") (b) Duties. During the Term, the Executive Employee shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Officer of the Company, Employer and its parent company, Altisource Asset Management Corporation ("Parent"), with duties, responsibilities, responsibilities and authority commensurate therewith, and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer and Chairman ("CEO") of Parent. During the Company (the "CEO"), as determined by Term, the Company in its sole discretion. The Executive Employee shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to the Executive Employee by the Chairman or the CEO, as applicable. CEO. The Executive Employee represents to the Company Employer that the Executive Employee is not subject to or a party patty to any employment agreement, noncompetition covenant, or other agreement that would might be alleged to be breached by, or to prohibit the Executive Employee from, executing this Agreement and performing fully the Executive's Employee's duties and responsibilities hereunder. Furthermore, the Company represents to the Employee that the Company is not subject to or a party to any agreement that prohibits the Company from entering into this agreement with the Employee. (c) Best Efforts. During the Term, the Executive Employee shall devote her his best efforts and full substantially all his time and attention to promote the business and affairs of the Company Employer and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities do not materially interfere or conflict with the Executive's Employee's obligations to the Company Employer and its affiliated entities hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing shall not be construed as preventing the Executive Employee from (1) serving on civic, educational, philanthropic or charitable boards or committees committees, or, with the prior written consent of the Board of Directors of the Employer ("Board"), in its sole discretion, on corporate boards, and (2) managing personal investments, so long as such activities are permitted under the Company's Employer's code of conduct and employment policies and do not violate the provisions of Section 15 below. As of below; provided that, the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved in the preceding clauses (1) and (2) do not materially interfere or conflict with the Employee's duties or obligations to the Employer and its affiliated entities and his time commitments with respect thereto, as determined by the Board. Board; and provided, however, that the Employee may hold, directly or indirectly, solely as a passive investment, less than five percent (5%) of the outstanding securities of any person or entity which is listed on any national securities exchange. (d) Principal Place of Employment. The Executive Employee understands and agrees that her his principal place of employment will be at the Employer's office in the Company's offices located in the Boston, MA metropolitan area Christiansted, USVI 00820 and that the Executive Employee will be required to travel for business activities related to Company in the course of performing her his duties for the Company. Employer. View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 (the "Effective Date") the Effective Date and shall continue for two years, a period of One (1) Year (the "Scheduled Term"), unless the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless by either party gives the other party written notice at least 90 days prior to th...e end of the then existing term that the term of this Agreement shall not be further extended. as hereinafter provided. The period commencing on the Effective Date and ending on the date on which the term of this the Executive's employment under the Agreement terminates is referred to herein as the "Term." "Employment Term." (b) Duties. During Renewal. This Agreement shall automatically renew for two (2) successive one-year periods (each a "Renewal Term"), under and subject to the terms herein, unless either party gives two months written notice prior to the expiration of the Initial Term or any Renewal Term ("Notice of Non-Renewal"). In the event of such non-renewal, or in the event that the parties fail to reach a mutual written agreement to amend or change the terms of this Agreement on or prior to the end of the Scheduled Term, the Executive's employment with the Company shall terminate upon expiration of the Scheduled Term ("Non-Renewal"), and such Non-Renewal shall be treated as a termination of the Executive's employment by the Company without Cause under Section 7(a). Employer, in its sole discretion, shall have the option but not the obligation of relieving Employee of actually performing any services following the giving of a Notice of Non-Renewal. Employee shall nonetheless be paid for the remainder of the notice period provided he does not violate any provision of this Agreement while receiving such compensation. (c) Duties. (1) The Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Officer of the Company, with duties, responsibilities, and authority commensurate therewith, and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by with duties, responsibilities and authority commensurate therewith and shall report to the Board of Directors of the Company in its sole discretion. (the "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to him by the Board, consistent with his position as the Chief Executive Officer. In addition, during the Term, without compensation other than that herein provided, the Executive by shall also serve and continue to serve, if and when elected and re-elected, as a member of the Chairman or the CEO, as applicable. Board. (2) The Executive represents to the Company that the Executive he is not subject to or a party to any employment agreement, noncompetition non-competition covenant, understanding or other agreement that restriction which would be breached by, by or prohibit the Executive from, from executing this Agreement and performing fully the Executive's his duties and responsibilities hereunder. (c) (d) Best Efforts. During the Employment Term, the Executive shall devote her his best efforts and full time and attention to promote the business and affairs of the Company and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities do not materially interfere or conflict with the Executive's his obligations to the Company hereunder, including, without limitation, hereunder. In no event shall the Executive's other business activities violate his obligations pursuant to under Section 15 13 below. The foregoing Company recognizes and accepts that Executive currently serves as an executive in one or more of the companies listed on Schedule A, and specifically agrees that Executive may continue that service and agrees that such service does not constitute a violation of the provisions of this Agreement. The provisions of this Agreement also shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees committees, or, with the prior written consent of the Board, in its sole discretion, on other corporate boards, and (2) managing personal investments, so long as such activities are permitted under the Company's code Code of conduct Conduct and employment policies policies. The Executive acknowledges and do not agrees that Schedule A represents a complete list of all corporate boards and corporate executive positions in which the Executive serves as of the Effective Date. Notwithstanding any provision of this Section 1 of the Agreement to the contrary, in no event shall the Executive invest in any business competitive with the Company or that would otherwise violate the provisions of Section 15 13 below. As of the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. (d) Principal Place of Employment. The Executive understands and agrees that her principal place of employment will be in the Company's offices located in the Boston, MA metropolitan area and that the Executive will be required to travel for business in the course of performing her duties for the Company.View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 (the "Effective Date") the Effective Date and shall continue for two years, a period of One (1) Year (the "Scheduled Term"), unless the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless by either party gives the other party written notice at least 90 days prior to th...e end of the then existing term that the term of this Agreement shall not be further extended. as hereinafter provided. The period commencing on the Effective Date and ending on the date on which the term of this the Executive's employment under the Agreement terminates is referred to herein as the "Term." "Employment Term." (b) Duties. During Renewal. This Agreement shall automatically renew for two (2) successive one-year periods (each a "Renewal Term"), under and subject to the terms herein, unless either party gives two months written notice prior to the expiration of the Initial Term or any Renewal Term ("Notice of Non-Renewal"). In the event of such non-renewal, or in the event that the parties fail to reach a mutual written agreement to amend or change the terms of this Agreement on or prior to the end of the Scheduled Term, the Executive's employment with the Company shall terminate upon expiration of the Scheduled Term ("Non-Renewal"), and such Non-Renewal shall be treated as a termination of the Executive's employment by the Company without Cause under Section 7(a). Employer, in its sole discretion, shall have the option but not the obligation of relieving Employee of actually performing any services following the giving of a Notice of Non-Renewal. Employee shall nonetheless be paid for the remainder of the notice period provided he does not violate any provision of this Agreement while receiving such compensation. (c) Duties. (1) The Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Officer of Staff of the Company, Company with duties, responsibilities, responsibilities and authority commensurate therewith, therewith and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer and to the Board of Directors of the Company (the "CEO"), as determined by the Company in its sole discretion. "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to him by the Chief Executive Officer and the Board, consistent with his position as the Chief of Staff. In addition, during the Term, without compensation other than that herein provided, the Executive by shall also serve and continue to serve, if and when elected and re-elected, as a member of the Chairman or the CEO, as applicable. Board. (2) The Executive represents to the Company that the Executive he is not subject to or a party to any employment agreement, noncompetition non-competition covenant, understanding or other agreement that restriction which would be breached by, by or prohibit the Executive from, from executing this Agreement and performing fully the Executive's his duties and responsibilities hereunder. (c) (d) Best Efforts. During the Employment Term, the Executive shall devote her his best efforts and full time and attention to promote the business and affairs of the Company and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities do not materially interfere or conflict with the Executive's his obligations to the Company hereunder, including, without limitation, hereunder. In no event shall the Executive's other business activities violate his obligations pursuant to under Section 15 13 below. The foregoing Company recognizes and accepts that Executive currently serves as an executive in one or more of the companies listed on Schedule A, and specifically agrees that Executive may continue that service and agrees that such service does not constitute a violation of the provisions of this Agreement. The provisions of this Agreement also shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees committees, or, with the prior written consent of the Board, in its sole discretion, on other corporate boards, and (2) managing personal investments, so long as such activities are permitted under the Company's code Code of conduct Conduct and employment policies policies. The Executive acknowledges and do not agrees that Schedule A represents a complete list of all corporate boards and corporate executive positions in which the Executive serves as of the Effective Date. Notwithstanding any provision of this Section 1 of the Agreement to the contrary, in no event shall the Executive invest in any business competitive with the Company or that would otherwise violate the provisions of Section 15 13 below. As of the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. (d) Principal Place of Employment. The Executive understands and agrees that her principal place of employment will be in the Company's offices located in the Boston, MA metropolitan area and that the Executive will be required to travel for business in the course of performing her duties for the Company.View More
Employment. (a) Term. The initial Unless sooner terminated by either party as set forth below, the term of this Agreement shall begin on December 9, 2019 the first day of the Executive's employment with the Company (the "Effective Date") "Employment Date"), which will be May 7, 2018, and shall continue for two years, unless the Executive's employment is sooner terminated three (3) years (the "Initial Term"), and thereafter shall continue in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier term...inated, the term of this Agreement shall automatically renew for periods of succeeding one year (1)-year periods, unless either party gives provides the other party with written notice notice, at least 90 ninety (90) days prior to the end of the Initial Term or any then existing term current one-year term, that the term of this Agreement Initial Term or the then current one-year term, as the case may be, shall not be expire without further extended. renewal. The period commencing on from the Effective Employment Date and ending on until the date on which the term Executive's last day of this Agreement terminates is employment hereunder (the "Termination Date") shall be referred to herein as the "Term." "the Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary President and Compliance Officer of the Company, with duties, responsibilities, and authority commensurate therewith, and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. The Executive shall perform all duties both Hostess Brands, LLC and accept all Hostess Brands, Inc., with duties, responsibilities incident to such position and authority commensurate therewith or as may be reasonably assigned to the Executive by the Chairman or board of directors of Hostess Brands, Inc. (the "Board"), consistent with such position and shall report to the CEO, Board. So long as applicable. the Executive is employed hereunder, he shall, among other duties and responsibilities commensurate with his role as President and Chief Executive Officer, have the leadership authority and responsibility for the Company's executive team and other personnel as well as communications and engagement with investors, stock exchanges, media and public relations. The Executive will be appointed as a member of the Board effective as of the Employment Date, and the Company shall cause the Executive to be nominated as a member of the Board at each annual meeting of stockholders of the Company during the Term at which directors in the applicable class of the Board in which the Executive serves is required to stand for re-election. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition non-competition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing from executing, this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, the Executive shall devote her his best efforts and all or substantially all of his full business time and attention to promote the business and affairs of the Company and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities activities: (1) do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. 12 below, and the Company's Code of Ethics, as in effect on the Employment Date or as may be modified thereafter (the "Code of Ethics"), and (2) such other business activities have been reviewed, and if necessary approved, by the Board. The foregoing shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic may, without further 1 review or Board consent, (i) deliver lectures, fulfill speaking engagements or lecture at educational institutions, (ii) manage personal investments, and (iii) engage in charitable boards or committees and (2) managing personal investments, so long as such activities are permitted under the Company's code of conduct and employment policies and do not violate the provisions of Section 15 below. As of the Effective Date, activities; provided that, in each case, the Executive is engaged complies with all of his obligations and conditions contained in this Agreement, including, but not limited to, the business activities set forth on Exhibit A, which have been approved by obligations contained in Section 12, and the Board. Code of Ethics. (d) Principal Place of Employment. The Executive understands and agrees that her his principal place of employment will shall be in the offices of the Company's offices headquarters located in the Boston, MA Kansas City, Missouri metropolitan area and that the Executive will shall be required to travel for business in the course of performing her his duties for the Company. Company; provided however, that the Executive will not be required to move his principal residence to the Kansas City area, and the parties understand that he will commute from his principal residence(s) to his office in Kansas City. View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 June 13, 2022 (the "Effective Date") and shall continue for two (2) years, unless the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. this Agreement. Unless earlier terminated, the term of this Agreement shall automatically renew for successive periods of one year two (2) years unless either party gives the other party written notice at least 90 ninety (90) days prior to th...e end of the then existing then-existing term that the term of this Agreement shall not be further extended. The period commencing on the Effective Date and ending on the date on which the term of this Agreement terminates or expires is referred to herein as the "Term." The Company's non-renewal of this Agreement at the end of the Term shall not constitute termination without Cause (as defined below) or Good Reason (as defined below), including for purposes of (and as defined in) all equity award agreements entered into before or after the date of this Agreement. (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Officer of the Company, with duties, responsibilities, and authority commensurate therewith, Company and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "CEO"). The Executive shall perform all duties have such authority, responsibilities and accept all responsibilities incident to powers as are usual and customary for a person holding such position and shall perform such employment duties as may be reasonably assigned to the Executive by the Chairman CEO or the CEO, as applicable. President, consistent with such position. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, and excluding any periods of vacation or sick leave to which the Executive is entitled, the Executive shall devote her best efforts and the Executive's substantially full time and attention to promote the business and affairs of the Company and its affiliated entities, and may be engaged in other business activities only Company. Subject to the extent foregoing sentence, during the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and such activities do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing Term, it shall not be construed as preventing a violation of this Agreement for the Executive from (1) serving to (i) serve on civic, educational, philanthropic or charitable boards or committees committees, and (2) managing (ii) manage her personal investments, so long as such activities are permitted under the Company's code of conduct and employment policies and do not (x) reasonably have the potential to cause, or actually cause, reputational harm to the Company in which case the Executive shall cease such activities within a reasonable period of time, or (y) violate the provisions of Section 15 8 below. As of (d) Consistent with the Effective Date, Executive's position, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. (d) Principal Place of Employment. The Executive understands and agrees that her principal place of employment will be in the Company's offices located in the Boston, MA metropolitan area and that the Executive will may be required to travel for business in the course of performing her the Executive's duties for the Company. View More
Employment. (a) Term. The initial term of this Agreement shall begin began on December 9, 2019 the first day of the Executive's employment with the Employer, as determined by the Executive and the Company (the "Effective Date") Date"), and shall continue for two years, unless until the termination of the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless ...either party gives the other party written notice at least 90 days prior to the end of the then existing term that the term of this Agreement shall not be further extended. employment. The period commencing on the Effective Date and ending on the date on which the term of this Agreement Executive's employment terminates is referred to herein as the "Term." (b) Duties. During the Term, Term Executive shall serve as the Co-Chief Executive Officer until such time as the Termination Event occurs at which point the Executive shall serve as the sole Chief Financial Officer, Treasurer, Secretary and Compliance Executive Officer of the Company, Employer, with duties, responsibilities, responsibilities and authority commensurate therewith, and shall report to the Executive Chairman Board of Directors of the Company Employer (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to the Executive by the Board. The Executive was appointed to the Board on the Effective Date and currently holds the position of Chairman or of the CEO, as applicable. Board, for which the Executive shall receive no compensation in addition to that described below in Section 2. The Executive represents to the Company Employer that the Executive is not subject to or a party to any employment agreement, noncompetition covenant, or other agreement that would might be alleged to be breached by, or to prohibit the Executive from, executing this Agreement and performing fully the Executive's duties and responsibilities hereunder. hereunder, except for the Executive's 1 Separation Agreement and Release with Altisource Solutions, Inc. ("Solutions"), entered into as of March 22, 2018, which is available on the SEC's "Edgar" website. (c) Best Efforts. During the Term, the Executive shall devote her his best efforts and full substantially all his time and attention to promote the business and affairs of the Company Employer and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities do not materially interfere or conflict with the Executive's obligations to the Company Employer and its affiliated entities hereunder, including, without limitation, obligations pursuant to Section 15 14 below. The foregoing shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees committees, or, with the prior written consent of the Board, in its sole discretion, on corporate boards, and (2) managing personal investments, so long as such activities are permitted under the Company's Employer's code of conduct and employment policies and do not violate the provisions of Section 15 below. As of 14 below; provided that, the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved in the preceding clauses (1) and (2) do not materially interfere or conflict with the Executive's duties or obligations to the Employer and its affiliated entities and his time commitments with respect thereto, as determined by the Board. Board; and provided, however, that the Executive may hold, directly or indirectly, solely as a passive investment, less than five percent (5%) of the outstanding securities of any person or entity which is listed on any national securities exchange. (d) Principal Place of Employment. The Executive understands and agrees that her his principal place of employment will be in at the Company's offices Employer's headquarters currently located in the Boston, MA metropolitan area Christiansted, United States Virgin Islands 00820, and that the Executive will be required to travel for business in the course of performing her his duties for the Company. Employer. View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 (the "Effective Date") the Effective Date and shall continue for two years, through December 31, 2023 (or the extended term as described below, if applicable), unless sooner terminated by either party as set forth below, or until the termination of the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless earlier terminated, employment, if earlier. As of December 31, 2023,... the term of this Agreement shall automatically renew for periods a period of one year year, unless either party gives the other party written notice at least 90 days prior to the end of the then existing term December 31, 2023 that the term of this the Agreement shall not be further extended. The period commencing on the Effective Date and ending on the date on which the term of this the Agreement terminates is referred to herein as the "Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Executive Officer of the Company, Company with duties, responsibilities, responsibilities and authority commensurate therewith, therewith and shall report to the Executive Chairman Board of Directors of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as is set forth in the Company's Guidelines of Corporate Governance (as in effect on the Effective Date or as may be modified thereafter after consultation with the Executive) and as otherwise may be reasonably assigned to the Executive by the Chairman or Board, consistent with his position as Chief Executive Officer. The Company shall cause the CEO, Executive to be nominated as applicable. a member of the Board at each annual meeting of stockholders of the Company during the Term at which the Executive's Board seat is up for re-election. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition non-competition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing from executing, this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, the Executive shall devote her his best efforts and all or substantially all of his full business time and attention to promote the business and affairs of the Company and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities activities: (1) do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing shall not 14 below, the Restrictive Covenants Agreement (as defined below), the other agreements 1 Execution Copy described in Section 14 of this Agreement, and the Company's Code of Conduct and Ethics, as in effect on the Effective Date or as may be construed as preventing modified thereafter after consultation with the Executive from (1) (the "Code of Conduct"), and (2) such other business activities have been reviewed, and if necessary approved, in accordance with the Company's Guidelines of Corporate Governance. For purposes of clarity, activities that are in furtherance of the Company's interest, including serving on civic, educational, philanthropic representative boards and/or committees of industry trade groups, shall be considered to be in promotion of the business and affairs of the Company and its affiliated entities. The Executive may, without further review or charitable boards consent, (i) deliver lectures, fulfil speaking engagements or committees and (2) managing lecture at educational institutions, (ii) manage personal investments, so long as such or (iii) engage in the activities are permitted described in Exhibit A hereto subject to the limitations set forth in Exhibit A; provided that, in the case of (i), (ii) or (iii) above, the Executive complies with his obligations and conditions under Section 14 of this Agreement, the Restrictive Covenants Agreement, the other agreements described in Section 14, and the Company's code Code of conduct and employment policies and do not violate the provisions of Section 15 below. As of the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. Conduct. (d) Principal Place of Employment. The Executive understands and agrees that her his principal place of employment will shall be in the Company's headquarters offices located in the Boston, MA Philadelphia, Pennsylvania metropolitan area and that the Executive will shall be required to travel for business in the course of performing her his duties for the Company. View More
Employment. (a) Term. The Executive's employment with the Company will begin on March 6, 2017. The initial term of this Agreement shall begin on December 9, 2019 the first day of the Executive's employment with the Company (the "Effective "Employment Date") and shall continue for two years, three years thereafter, unless sooner terminated by either party as set forth below, or until the termination of the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, 10, or 11. Unless e...arlier terminated, the employment, if earlier. The term of this Agreement shall automatically renew for periods of one year one-year unless either party gives the other party written notice at least 90 days prior to the end of the then existing term or at least 90 days prior to the end of any one-year renewal period that the term of this the Agreement shall not be further extended. The period commencing on the Effective Employment Date and ending on the date on which the term of this the Agreement terminates is referred to herein as the "Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Executive Officer of the Company, Company with duties, responsibilities, responsibilities and authority commensurate therewith, therewith and shall report to the Executive Chairman Board of Directors of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as is set forth in the Company's Guidelines of Corporate Governance (as in effect on the Effective Date or as may be modified thereafter after consultation with the Executive) and as otherwise may be reasonably assigned to the Executive by the Chairman or Board, consistent with his position as Chief Executive Officer. The Executive will be appointed as a member of the CEO, Board effective as applicable. of the Employment Date, and the Company shall cause the Executive to be nominated as a member of the Board at each annual meeting of stockholders of the Company during the Term at which the Executive's Board seat is up for re-election. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition non-competition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing from executing, this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, the Executive shall devote her his best efforts and all or substantially all of his full business time and attention to promote the business and affairs of the Company and its affiliated entities, and may shall be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and that such activities activities: (1) do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. The foregoing shall not 14 below, the Restrictive Covenants Agreement (as defined below), the other agreements described in Section 14 of this Agreement, and the Company's Code of Conduct and Ethics, as in 1 effect on the Effective Date or as may be construed as preventing modified thereafter after consultation with the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees (the "Code of Conduct"), and (2) managing such other business activities have been reviewed, and if necessary approved, in accordance with the Company's Guidelines of Corporate Governance. The Executive may, without further review or consent, (i) deliver lectures, fulfil speaking engagements or lecture at educational institutions, (ii) manage personal investments, so long as such or (iii) engage in the activities are permitted described in Exhibit A hereto subject to the limitations set forth in Exhibit A; provided that, in the case of (i), (ii) or (iii) above, the Executive complies with his obligations and conditions under Section 14 of this Agreement, the Restrictive Covenants Agreement, the other agreements described in Section 14, and the Company's code Code of conduct and employment policies and do not violate the provisions of Section 15 below. As of the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. Conduct. (d) Principal Place of Employment. The Executive understands and agrees that her his principal place of employment will shall be in the Company's headquarters offices located in the Boston, MA Philadelphia, Pennsylvania metropolitan area and that the Executive will shall be required to travel for business in the course of performing her his duties for the Company. The Executive further agrees that he will relocate to the Philadelphia, Pennsylvania metropolitan area as a condition of his employment, as soon as practicable, and not later than 180 days, after the Employment Date. The 180 day period in the preceding sentence may be extended with approval of the Compensation and Human Resources Committee of the Board (the "Compensation Committee"). View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 upon the closing of the Internalization (the "Effective Date") Date"), and shall continue for two years, unless until the date the Company has paid the cash portion of the 2020 Bonus and granted the 2020 Bonus RSU (each as defined in Section 2(b) below), which shall be no later than March 15, 2021 (the "Term End Date"), or until the termination of the Executive's employment is sooner terminated in accordance with Sectio...ns 6, 7, 8, 9, 10, or 11. Unless earlier terminated, the term Section 7 of this Agreement shall automatically renew for periods of one year unless either party gives the other party written notice at least 90 days prior to the end of the then existing term that the term of this Agreement shall not be further extended. Agreement, if earlier. The period commencing on the Effective Date and ending on the date on which the term of this Agreement terminates is referred to herein as the "Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary and Compliance Executive Officer of the Company, with duties, responsibilities, responsibilities and authority commensurate therewith, and shall report to the Executive Chairman Board of Directors of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "Board"). The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably assigned to the Executive by the Chairman or Board. In addition, the CEO, as applicable. Company shall use its best efforts to cause the Executive to be nominated for election to the Board. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing this Agreement and performing fully the Executive's duties and responsibilities hereunder. 1 (c) Best Efforts. During the Term, the Executive shall devote her the Executive's best efforts and full time and attention to promote the business and affairs of the Company and its affiliated entities, Affiliates, and may shall not be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and such activities do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. activities. The foregoing shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or charitable boards or committees committees, or, with the prior written consent of the Board, which approval will not be unreasonably delayed or denied, on corporate boards, and (2) managing personal investments, investments; so long as such activities are permitted under the Company's code of conduct and employment policies and policies, do not violate the provisions of Section 15 below. As 10 below, and do not conflict with or materially interfere with the Executive's obligations to the Company hereunder. The Executive shall provide notice of any activity under Section 1(c)(1) to the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. Company. (d) Principal Place of Employment. The Executive understands and agrees that her the Executive's principal place of employment will be in the Company's offices located in the Boston, MA New York City metropolitan area and that the Executive will be required to travel for business in the course of performing her the Executive's duties for the Company. (e) Resignation of Positions. Effective as of the date of any termination of employment, the Executive shall resign from all Company-related positions, including as an officer and director of the Company and its parents, subsidiaries and Affiliates. View More
Employment. (a) Term. The initial term of this Agreement shall begin on December 9, 2019 upon the closing of the Internalization (the "Effective Date") Date"), and shall continue for two years, unless until the date the Company has paid the 2020 Cash Bonus and granted the 2020 Bonus RSU (each as defined in Section 2(b) below), which shall be no later than March 15, 2021 (the "Term End Date"), or until the termination of the Executive's employment is sooner terminated in accordance with Sections 6, 7, 8, 9, ...10, or 11. Unless earlier terminated, the term of this Agreement shall automatically renew for periods of one year unless either party gives the other party written notice at least 90 days prior to the end of the then existing term that the term of this Agreement shall not be further extended. employment, if earlier. The period commencing on the Effective Date and ending on the date on which the term of this Agreement terminates is referred to herein as the "Term." (b) Duties. During the Term, the Executive shall serve as the Chief Financial Officer, Treasurer, Secretary Corporate Officer and Compliance Chief Legal Officer of the Company, with duties, responsibilities, and authority commensurate therewith, duties consistent with those currently performed by the Executive for the Manager Entities, and shall report to the Executive Chairman of the Company (the "Chairman"); provided that the Executive may be required to report to the Chief Executive Officer of the Company (the "CEO"), as determined by the Company in its sole discretion. "CEO"). The Executive shall perform all duties and accept all responsibilities incident to such position as may be reasonably and lawfully assigned to the Executive by the Chairman or the CEO, as applicable. CEO. The Executive represents to the Company that the Executive is not subject to or a party to any employment agreement, noncompetition covenant, or other agreement that would be breached by, or prohibit the Executive from, executing this Agreement and performing fully the Executive's duties and responsibilities hereunder. (c) Best Efforts. During the Term, the Executive shall devote her the Executive's best efforts and full time and attention to promote the business and affairs of the Company and its affiliated entities, Affiliates, and may shall not be engaged in other business activities only to the extent the Executive has received the prior written consent of the Board of Directors of the Company (the "Board") and such activities do not materially interfere or conflict with the Executive's obligations to the Company hereunder, including, without limitation, obligations pursuant to Section 15 below. activities. The foregoing shall not be construed as preventing the Executive from (1) serving on civic, educational, philanthropic or 1 charitable boards or committees committees, or, with the prior written consent of the CEO, in its sole discretion, on corporate boards, and (2) managing personal investments, investments; so long as such activities are permitted under the Company's code of conduct and employment policies and policies, do not violate the provisions of Section 15 below. As 8 below, and do not interfere or conflict with the Executive's obligations to the Company hereunder. The Executive shall provide notice of any activity under Section 1(c)(1) to the Effective Date, the Executive is engaged in the business activities set forth on Exhibit A, which have been approved by the Board. Company. (d) Principal Place of Employment. The Executive understands and agrees that her the Executive's principal place of employment will be in the Company's offices located in the Boston, MA New York City metropolitan area and that the Executive will be required to travel for business in the course of performing her the Executive's duties for the Company. (e) Resignation of Positions. Effective as of the date of any termination of employment, the Executive shall resign from all Company-related positions, including as an officer and director of the Company and its parents, subsidiaries and Affiliates. View More
