Employment Clause Example with 6 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 term of this Agreement (the "Term") shall begin as of the date first set forth above (the "Commencement Date") and shall end at the time of the termination of the Executive's employment in accordance with Section 3. (b) Duties. The Executive shall serve as the Chief Executive Officer of the Company and shall report directly to the Board of Directors of the Company (the "Board"). The Executive shall have such duties and responsibilities as are consistent with Executive's position as... Chief Executive Officer of the Company. In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably assigned to Executive by the Board. (c) Best Efforts. During the period of Executive's employment, the Executive shall devote Executive's best efforts and full-time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets.View More
Variations of a "Employment" Clause from Business Contracts
Employment. (a) Term. The term of this Agreement (the "Term") "Initial Term") shall begin as of the date first set forth above (the "Commencement Date") Effective Date and shall end at on the earlier of a) the third anniversary of the Effective Date and b) the time of the termination of the Executive's employment in accordance with Section 3. This Initial Term and any Renewal Term (as defined below) shall automatically be extended for one or more additional terms of one (1) year each (each a "Renewal Term" ...and together with the Initial Term, the "Term"), unless either the Company or Executive provide notice to the other Party of their desire to not so renew the Initial Term or Renewal Term (as applicable) at least thirty (30) days prior to the expiration of the then-current Initial Term or Renewal Term, as applicable. Notwithstanding anything in this Agreement to the contrary, if the Executive's independent contractor relationship with the Company is terminated by either Party per the terms of the cover letter to this agreement of even date,, this Agreement is null and void and Executive shall be entitled to no consideration other than that set forth in such cover letter. Notwithstanding anything in this Agreement to the contrary, any references to payments upon termination of Executive's employment shall only apply after the initial two month independent contractor term described in the cover letter. All unvested stock options shall expire upon such termination. (b) Duties. The Company hereby appoints Executive, and Executive shall serve serve, as the Chief Executive Officer Officer. Executive shall report to the Managing Members or Managers or other governing body pursuant to the terms of the Company and shall report directly Company's limited liability company agreement as amended from time to the Board of Directors of the Company time (the "Board"). The Executive shall have such duties and responsibilities as are consistent with Executive's position as Chief Executive Officer of the Company. In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably assigned to Executive by the Board. position. Exhibit 10.2 -- Page 1 (c) Best Efforts. During the period of Executive's employment, Term, the Executive shall devote Executive's best efforts and full-time full time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) (1) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) (2) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) (3) manage personal investments, investments and consult non-competitive businesses so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. View More
Employment. (a) Term. The term of this Agreement (the "Term") shall begin as of the date first set forth above (the "Commencement Date") and shall end at the earlier of: the time of the termination of the Executive's employment in accordance with Section 3 or immediately upon the Executive's resignation; however, unless sooner terminated as herein provided, this agreement shall remain in effect until June 7, 2021. (b) Duties. The Executive shall serve as the Chief Executive Financial Officer of the Company ...and shall report directly to David Gandler, the Chief Executive Officer, and the Board of Directors of the Company (the "Board"). The Executive shall have such duties and responsibilities as are consistent with Executive's position as Chief Executive Financial Officer of the Company. In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably assigned to Executive by the Board. (c) Best Efforts. During the period of Executive's employment, the Executive shall devote Executive's best efforts and full-time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. 1 2. Compensation and Other Benefits. (a) Base Salary. As compensation for the services to be rendered hereunder, the Company shall pay to the Executive an annual base salary of $430,000 (the "Base Salary"). The Base Salary may be subject to annual increases (but not decreases), which are determined at the discretion of the Chief Executive Officer and Compensation Committee (the "Compensation Committee") of the Board, if the Company has established a Compensation Committee, otherwise by the Board and Chief Executive Officer. The Base Salary shall be paid in accordance with the Company's payroll policies. (b) Bonus. The Executive shall be eligible for an annual target bonus payment equal to a maximum annual Bonus of $235,000, representing 54.6 % of Executive's base salary; however, the Bonus will be prorated for the 2020 calendar year, based on the period of time the Executive were employed by the Company in 2020, as determined by Executive's official FTE start date of May 31, 2020. The bonus will be paid out in the first quarter of 2021 and is shall be determined based on the achievement of certain performance objectives of the Company as established by the Compensation Committee and the Chief Executive Officer and communicated to the Executive in writing as soon as practicable after commencement of the year in respect of which the Bonus is paid. Bonus targets for 2020 are expected to include the following: 1. fuboTV achieving growth in its subscriber base by December 31, 2020. View More
Employment. (a) Term. The term of this Agreement (the "Term") "Initial Term") shall begin as of the date first set forth above (the "Commencement Date") Effective Date and shall end at on the earlier of (i) the third anniversary of the Effective Date and (ii) the time of the termination of the Executive's employment in accordance with Section 3. This Initial Term and any Renewal Term (as defined below) shall automatically be extended for one or more additional terms of one (1) year each (each a "Renewal Ter...m" and together with the Initial Term, the "Term"), unless either the Company or Executive provide notice to the other Party of their desire to not so renew the Initial Term or Renewal Term (as applicable) at least thirty (30) days prior to the expiration of the then-current Initial Term or Renewal Term, as applicable. Notwithstanding anything in this Agreement to the contrary, if the Executive's independent contractor relationship with the Company is terminated by either Party per the terms of the cover letter to this agreement of even date,, this Agreement is null and void and Executive shall be entitled to no consideration other than that set forth in such cover letter. Notwithstanding anything in this Agreement to the contrary, any references to payments upon termination of Executive's employment shall only apply after the initial two month independent contractor term described in the cover letter. All unvested stock options shall expire upon such termination. (b) Duties. The Company hereby appoints Executive, and Executive shall serve serve, as the Chief Executive Officer Officer. Executive shall report to the Managing Members or Managers or other governing body pursuant to the terms of the Company and shall report directly Company's limited liability company agreement as amended from time to the Board of Directors of the Company time (the "Board"). The Executive shall have such duties and responsibilities as are consistent with Executive's position as Chief Executive Officer of the Company. In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position as may be reasonably assigned to Executive by the Board. position. (c) Best Efforts. During the period of Executive's employment, Term, the Executive shall devote Executive's best efforts and full-time full time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, investments and consult non-competitive businesses so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. View More
Employment. (a) Term. The term of this Agreement (the "Term") "Initial Term") shall begin as of the date first set forth above (the "Commencement Date") Effective Date and shall end at on the earlier of (i) the third anniversary of the Effective Date and (ii) the time of the termination of the Executive's employment in accordance with Section 3. This Initial Term and any Renewal Term (as defined below) shall automatically be extended for one or more additional terms of one (1) year each (each a "Renewal Ter...m" and together with the Initial Term, the "Term"), unless either the Company or Executive provide notice to the other Party of their desire to not so renew the Initial Term or Renewal Term (as applicable) at least thirty (30) days prior to the expiration of the then-current Initial Term or Renewal Term, as applicable. All unvested shares of stock and stock options shall expire upon such termination. (b) Duties. The Company hereby appoints Executive, and Executive shall serve serve, as President of its Safety Solutions Group. Executive shall report to the Company's President and the Company's Chief Executive Officer of the Company and shall report directly to the Board of Directors of the Company (the "Board"). Officer. The Executive shall have such duties and responsibilities as are consistent with Executive's position as Chief Executive Officer of the Company. position. In addition, the Executive shall perform all other duties and accept all other responsibilities incident will continue to such position serve as may be reasonably assigned to Executive by the Board. President of Mobile Tint LLC dba A1 Glass Coating ("Mobile") (c) Best Efforts. During the period of Executive's employment, Term, the Executive shall devote Executive's best efforts and full-time full time and attention to promote the business and affairs of the Company and its affiliated companies, including Mobile and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, investments and consult non-competitive businesses so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. View More
Employment. (a) Term. The term of this Agreement (the "Term") shall begin as of the date first set forth above (the "Commencement Date") and subject to a 3-month notice period, shall end at the time of the termination of the Executive's employment in accordance with Section 3. (b) Duties. The Executive shall serve as the Chief Executive Officer CFO/EVP Finance of the Company and shall report directly to the Board of Directors Chief Executive Officer (CEO) of the Company (the "Board"). Company. The Executive... shall have such duties and responsibilities as are consistent with Executive's position as Chief Executive Officer CFO/EVP Finance of the Company. Company, including overseeing all strategic long-term planning, annual budgeting and rolling forecasts, monthly accounting and management reporting, payables and receivables management, legal and contract compliance, purchasing and strategic procurement, quarterly and annual SEC reporting, internal and external audits, managing banking relationships, taxation and treasury functions on behalf of the Company . In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position including assisting the CEO for fund-raising activities from debt and equity issuances, up-listing from an OTC listed Company to a national or international stock exchange, supporting investor relations, and due-diligence for any merger and acquisition activity initiated by the Company as may be reasonably assigned to Executive by the Board. CEO. (c) Best Efforts. During the period of Executive's employment, the Executive shall devote Executive's best efforts and full-time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. View More
Employment. (a) Term. The term of this Agreement (the "Term") shall begin as of the date first set forth above (the "Commencement Date") and subject to a 3-month notice period, shall end at the time of the termination of the Executive's employment in accordance with Section 3. (b) Duties. The Executive shall serve as the Chief Executive Officer President of the Company and shall report directly to the Board of Directors Chief Executive Officer (CEO) of the Company (the "Board"). Company. The Executive shall... have such duties and responsibilities as are consistent with Executive's position as Chief Executive Officer President, including but not limited to assisting in the effectuation of the Company's goals, the CEO's vision and implementation of growth strategies developed with Executive's input, as well as assisting in the oversight of functions on behalf of the Company. In addition, the Executive shall perform all other duties and accept all other responsibilities incident to such position including assisting the CEO for fund-raising activities, up-listing from an OTC listed Company to a national or international stock exchange, supporting investor relations, and due-diligence for any merger and acquisition activity initiated by the Company as may be reasonably assigned to Executive by the Board. CEO. (c) Best Efforts. During the period of Executive's employment, the Executive shall devote Executive's best efforts and full-time and attention to promote the business and affairs of the Company and its affiliated companies, and shall be engaged in other business activities only to the extent that such activities are not competitive with the Company and do not interfere or conflict with Executive's obligations to the Company hereunder, including, without limitation, the obligations pursuant to Section 6. Notwithstanding the foregoing, the Executive may (A) serve on corporate, civic, educational, philanthropic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities hereunder. The foregoing shall also not be construed as preventing the Executive from investing Executive's assets in such form or manner as will not require any significant services on Executive's part in the operation of the affairs of the businesses or entities in which such investments are made; provided, however, that the Executive shall not invest in any business competitive with the Company, except that the Executive shall be permitted to own not more than 5% of the stock of those companies whose securities are listed on a national securities exchange or quoted on the OTC Markets. View More
