Employment Clause Example with 53 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) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company may be ter...minated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. The term of this Agreement (the "Term") shall commence on the Effective Date and end on the date this Agreement is terminated under Section 3. (c) Positions and Duties. During the Term, Executive shall serve as President and Chief Executive Officer of the Company with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Board of Directors of the Company or an authorized committee of the Board (in either case, the "Board"). Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy").View More
Variations of a "Employment" Clause from Business Contracts
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on the Effective Date Date, and end ending on the date this Agreement is terminated under fourth anniversary thereof, subject to earlier termination as provided in Section 3. The Term shall automatically renew for additional twelve (12) month periods unless no later than sixty (60) days prior to the end of the applicable Term either Party gives written notice of non-renewal to the other, in which case Executive's employment will terminate at the end of the then-applicable Term, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During the Term, Executive shall serve as President the Chief Commercial and Chief Executive Marketing Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Chief Executive Officer of the Company or by the Board of Directors of the Company or an authorized committee thereof (in any case, the "Board") consistent with Executive's position as Chief Marketing Officer of the Board (in either case, Company. Executive shall report directly to the "Board"). Chief Executive Officer of the Company. Executive's principal place of employment shall be at the Company's executive offices in New York, New York. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in charitable, religious, civic, community, industry or trade organizations or associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. In addition, Executive shall, during the Term, be permitted to engage in the development and production of television or other audio-visual productions, live events/entertainment and other productions such as audio-only podcasts, provided that (A) such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder and (B) no such productions will focus on travel, the environment, wildlife or other areas associated with the Company and its activities ("Thematically-Related Productions"). For the avoidance of doubt, any Thematically-Related Productions will be produced by Executive only for and on behalf of the Company and will be owned by the Company unless otherwise agreed between Executive and the Company and expressly approved by the Board or an applicable committee thereof. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be on the Effective Date an at will basis and end on the date this Agreement is continue until terminated under as provided in Section 3 hereof. (c) Positions Position and Duties. During the Term, Executive shall serve as President and Chief Executive Officer of the Company with such responsibilities, duties and authority normally associated with such positions position(s) and as may from time to time be assigned to Executive by the Board of Directors of (as defined below). Executive shall report directly to the Company or an authorized committee of the Board (in either case, the "Board"). Board. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) direct and indirect subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, board of directors of the Company (the "Board"), which consent shall not be unreasonably conditioned, withheld or delayed, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, and (iv) continue to serve in the Executive's existing role with respect to the management of Medina Capital Advisors, LLC, Medina Capital Fund, L.P., and Medina Capital Fund II, LLC (it being understood that no new investments will be made with respect to any of these entities except for investments in SIS Holdings, LP), in each case, subject to compliance with this Agreement and provided that such activities do not (x) materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. hereunder and/or (y) conflict with the interests of the Company. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company Board from time to time, in each case as amended from time to time, as set forth in writing, writing and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on the Effective Date and end ending on the fourth anniversary of the effective date this Agreement is terminated under of the Prior Employment Agreement, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During the Term, Executive shall serve as President and the Chief Executive Financial Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and such additional responsibilities, duties and authority as may from time to time be reasonably assigned to Executive by the Chief Executive Officer of the Company or by the Board of Directors of the Company or an authorized committee of the Board thereof (in either any case, the "Board"). Executive shall report directly to the Chief Executive Officer of the Company. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in charitable, religious, civic, community, industry or trade organizations or associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, organizations and (iv) with the prior approval of the Board (not to be unreasonably withheld), serve on the board of directors and the committees thereof of not more than three (3) public corporations, provided that (x) approval for Executive's continued service on the boards of directors and committees thereof of Lands' End, Inc. and Seritage is deemed granted hereby and (y) approval for Executive's service on the board of directors and the committees thereof of one (1) additional public corporation that does not compete directly or indirectly with the Company is deemed granted hereby, in each case, subject to compliance with this Agreement and provided further that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company applicable to executive officers as adopted by the Company from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as of the Effective Date, May 10, 2021 (the "Effective Date"), the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Exec...utive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on the Effective Date Date, and end ending on the date this Agreement is terminated under fifth anniversary thereof, subject to earlier termination as provided in Section 3. The Term shall automatically renew for additional twelve (12) month periods unless no later than sixty (60) days prior to the end of the applicable Term either Party gives written notice of non-renewal to the other, in which case Executive's employment will terminate at the end of the then-applicable Term, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During the Term, Executive shall serve as President and the Chief Executive Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Board of Directors of the Company or an authorized committee thereof (in any case, the "Board") consistent with Executive's position as Chief Executive Officer of the Company. Executive shall report directly to the Board. Executive shall initially be permitted to work remotely from a location of his choosing; provided, however, that Executive will travel to, and, from time to time will be required to work out of, Company offices (including the Company's offices in New York City) and may be required to travel to other locations throughout the country or abroad for business purposes. Such travel to and any extended stays at such locations shall be on a reasonable basis as necessary to fulfill Executive's duties and responsibilities hereunder. The Company shall not be in breach of this Agreement in the event the Board (in either case, determines that it is necessary for and requires Executive to work primarily from the "Board"). Company's executive offices in New York City. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in charitable, religious, civic, community, industry or trade organizations or associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, organizations and (iv) serve on the board of directors of 24 Hour Fitness Company, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). (d) Board Service. The Executive shall be nominated for election to the Board at the 2021 Meeting (as defined below). Thereafter, to the extent permitted by applicable law and the Company's bylaws and other governing documents, during the Executive's employment with the Company hereunder, the Company shall, at each subsequent annual meeting of the Company's stockholders at which the Executive's term as a director would otherwise expire, nominate the Executive to serve as a member of the Board. The Executive hereby consents to serving as a director and to being named as a director of the Company in documents filed with the Securities and Exchange Commission. Executive will not receive additional compensation for service on the Board. The Executive shall be deemed to have resigned as a director of the Company effective immediately after termination of the Executive's employment under Section 3 of this Agreement, regardless of whether the Executive submits a formal, written resignation as director. View More
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on the Original Effective Date Date, and ending on December 31, 2025, subject to earlier termination as provided in Section 3. The Term shall automatically renew for additional twelve (12) month periods unless no later than sixty (60) days prior to the end on of the date this Agreement is terminated under applicable Term either Party gives written notice of non-renewal to the other, in which case Executive's employment will terminate at the end of the then-applicable Term, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During the Term, Executive shall serve as the President and Chief Executive Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or by the Board of Directors of the Company (the "Board") or the Board of Directors of Parent or an authorized committee of the Board thereof (in either any case, the "Board"). "Parent Board"). Executive shall report directly to the Chief Executive Officer of Parent. Executive's principal place of employment shall be at the Company's executive offices in Louisville, Colorado. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company and Parent (which shall include service to its affiliates, if applicable) subsidiaries and management responsibilities with respect to the Managed Businesses (as defined below)) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in charitable, religious, civic, community, industry or trade organizations or associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and Parent as adopted by the Company and Parent from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as As of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Compan...y may be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on the Effective Date and end ending on the date this Agreement is terminated under three-year anniversary of the Original Effective Date, subject to earlier termination as provided in Section 3. The Term shall automatically renew for additional twelve (12) month periods unless no later than ninety (90) days prior to the end of the applicable Term either party gives written notice of non-renewal ("Notice of Non-Renewal") to the other, in which case Executive's employment will terminate at the end of the then-applicable Term, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During As of the Term, Effective Date, Executive shall serve as President and the Chief Executive Officer of the Company with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Board of Directors of the Company or an authorized committee (in any case, the "Board"). During the Term, Executive shall also serve as a member of the Board (in either case, of Directors of the "Board"). Company. During the Term, the Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) affiliates) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided Board; provided, however, that Executive shall remain on, and the Board hereby consents to Executive remaining on, the boards of up to two independent, outside companies for which he current serves on the boards so long as they do not give rise to any material conflict of interest with respect to the Company or its shareholders or their affiliates, such companies to be mutually agreed between Executive and the Board. Notwithstanding the foregoing, during the Term, Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, and (iv) with Board approval, serve on the board of directors or similar board of for-profit organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and its subsidiaries as adopted by the Company or its affiliates from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). (d) Principal Place of Employment. Executive's principal place of employment shall be in Denver, CO, although Executive understands and agrees that Executive will be required to travel from time to time for business reasons. View More
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be for the period beginning on September 6, 2016 (the "Effective Date"), and ending on the Effective Date and fourth anniversary thereof, subject to earlier termination as provided in Section 3. The Term shall automatically renew for additional twelve (12) month periods unless no later than sixty (60) days prior to the end on of the date this Agreement is terminated under applicable Term either Party gives written notice of non-renewal to the other, in which case Executive's employment will terminate at the end of the then-applicable Term, subject to earlier termination as provided in Section 3. (c) Positions Position and Duties. During the Term, Executive shall serve as President and the Chief Executive Financial Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Chief Executive Officer of the Company or by the Board of Directors of the Company or an authorized committee thereof (in any case, the "Board") consistent with Executive's position as Chief Financial Officer of the Board (in either case, Company. Executive shall report directly to the "Board"). Chief Executive Officer of the Company. Executive's principal place of employment shall be at the Company's executive offices in New York, New York. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in charitable, religious, civic, community, industry or trade organizations or associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Executive's employment with the Company m...ay be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by the Company or as provided by applicable law. Employment Term. The term of employment under this Agreement (the "Term") shall commence be on the Effective Date an at will basis and end on the date this Agreement is continue until terminated under as provided in Section 3 hereof. (c) Positions Position and Duties. During the Term, Executive shall serve as President General Counsel and Chief Executive Officer Secretary of the Company with such responsibilities, duties and authority normally associated with such positions position(s) and as may from time to time be assigned to Executive by the Board of Directors (as defined below) and/or the Chief Executive Officer of the Company or an authorized committee of Company. Executive shall report directly to the Board (in either case, the "Board"). Chief Financial Officer. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) direct and indirect subsidiaries) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, board of directors of the Company (the "Board"), provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not (x) materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. hereunder and/or (y) conflict with the interests of the Company. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company Board from time to time, in each case as amended from time to time, as set forth in writing, writing and as delivered or made available to Executive (each, a "Policy"). View More
Employment. (a) General. Effective as of the Effective Date, the The Company shall continue to employ Executive Executive, and Executive shall remain in the employ of continue to be employed by the Company, for the period and in the positions set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, "at-will," as defined under applicable law, and th...at Executive's employment with the Company may be terminated by either Party at any time for any or no reason (subject specifically to the notice requirements of Section 3(b)). 3(b) of this Agreement, the termination provisions set forth in Section 3 of this Agreement and the severance payment provisions set forth in Section 4 of this Agreement). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement Agreement, as provided under any equity, deferred compensation or pension or welfare plans or agreements between the Parties or, otherwise agreed to in writing by the Company or as provided by applicable law. The term of this Agreement (the "Term") shall commence on the Effective Date and end on the date this Agreement is terminated under Section 3. (c) Positions and Duties. During the Term, Executive shall continue to serve as President and Chief Executive Officer of the Company Company, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Board of Directors of the Company or an authorized committee (the "Board") consistent with the position and title of Chief Executive Officer of a publicly traded company of the Board (in either case, size and scope of the "Board"). Company. In the performance of such duties, Executive shall report solely and directly to the Board. Executive may perform such duties from the Company's headquarters in New York, New York, or remotely from Executive's home office or from other locations from time to time; provided, however, that the Company may from time to time require Executive to travel in connection with the Company's business. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees) committees, other than as permitted in the following sentence) without the prior written consent of the Board, provided that Board. Notwithstanding the foregoing, Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) may serve on the board of directors of not-for-profit corporate, civic or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and boards or committees, deliver lectures, fulfill speaking engagements, teach at educational institutions, or manage personal or family investments without such prior written consent; provided that such activities do not individually or in the aggregate materially interfere with Executive's the performance of Executive's duties and responsibilities hereunder. under this Agreement. Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time, in each case case, as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, (collectively, the "Policies" and, each, a "Policy"). View More
Employment. (a) General. (a)General. Effective as of the Effective Date, the Company shall continue to employ Executive and Executive shall remain in the employ of commence employment with the Company, for the period and in the positions position set forth in this Section 1, and subject to the other terms and conditions herein provided. (b) At-Will Employment. The Company and Executive acknowledge that Executive's employment is and shall continue to be at-will, as defined under applicable law, and that Exec...utive's employment with the Company may be terminated by either Party at any time for any or no reason (subject to the notice requirements of Section 3(b)). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. Company or of Merus N.V., a Dutch public limited liability company ("Parent"), as applicable. If Executive's employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, award or compensation other than as provided in this Agreement or otherwise agreed to in writing by a duly authorized officer of the Company Company, a duly authorized officer of Parent or as provided by applicable law. The term period of this Agreement (the "Term") shall commence Executive's employment by the Company beginning on the Effective Date shall be referred to herein as the "Term". (c)Position; Duties and end on the date this Agreement is terminated under Section 3. (c) Positions and Duties. During the Term, Location. Executive shall serve as Senior Vice President of Clinical Development and Chief Executive Officer of the Company Medical Officer, with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or the Board of Directors of the Company Parent or an authorized US-DOCS ###-###-####.3 committee of the Board thereof (in either case, the "Board"). Executive's normal place of work shall be at the Company's office in the Boston, Massachusetts metropolitan area. Executive shall devote substantially all of Executive's working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive's personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with Executive's performance of Executive's duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and Parent as adopted by the Company or Parent, as applicable, from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a "Policy"). View More
