Employment Clause Example with 4 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. 1.1 Employment and Term. The Corporation hereby agrees to employ the Executive as its Vice President and Chief Financial Officer, in such capacity, agrees to provide services to the Corporation for the period which began on October 7, 2016 and shall end on November 1, 2017 (the "Termination Date ") (or such later date as may be agreed to by the parties within 120 days prior to the Termination Date) (the "Employment Period "). 1.2 Duties of Executive. The Executive shall serve a...s the Chief Financial Officer of the Company and, unless otherwise specified by the Board each of the Company's subsidiaries. Subject to the preceding sentence, during the Employment Period, the Executive shall diligently perform all services as may be reasonably assigned to her by the Board, and shall exercise such power and authority as may from time to time be delegated to her by the Board. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of the Board at duly called meetings thereof, and no other person or group shall be given authority to supervise or direct Executive in the performance of her duties. In addition, the Executive shall regularly consult with the Board with respect to the Company's business and affairs. The Executive shall devote such portion of her working time and attention as she deems appropriate to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled), render such services to the best of her ability, and use her reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic 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 as an employee of the Company in accordance with this Agreement. 1.3 Place of Performance. In connection with her employment by the Company, the Executive shall be based at the Company's principal executive offices in Las Vegas, Nevada.View More
Variations of a "Employment" Clause from Business Contracts
Employment. 1.1 Employment and Term. The Corporation hereby agrees to employ the Executive as its Vice President and Chief Financial Science Officer, in such capacity, agrees to provide services to the Corporation for the period which began on October 7, 2016 June 10, 2014 and shall end on November 1, 2017 June 10, 2018 (the "Termination Date ") (or such later date as may be agreed to by the parties within 120 days prior to the Termination Date) (the "Employment Period "). 1.2 Duties of Executive. The Execu...tive shall serve as the Chief Financial Science Officer of the Company and, unless otherwise specified by the Board each of the Company's subsidiaries. Subject to the preceding sentence, during the Employment Period, the Executive shall diligently perform all services as may be reasonably assigned to her by the Board, and shall exercise such power and authority as may from time to time be delegated to her by the Board. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of the Board at duly called meetings thereof, and no other person or group shall be given authority to supervise or direct Executive in the performance of her duties. In addition, the Executive shall regularly consult with the Board with respect to the Company's business and affairs. The Executive shall devote such portion of her working time and attention as she deems appropriate to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled), render such services to the best of her ability, and use her reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic 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 as an employee of the Company in accordance with this Agreement. 1.3 Place of Performance. In connection with her employment by the Company, the Executive shall be based at the Executive's principal residence in Los Angeles, CA, except for travel reasonably necessary in connection with the Company's principal executive offices in Las Vegas, Nevada. business. View More
Employment. 1.1 Employment and Term. The Corporation hereby agrees to employ the Executive as its Vice President and Chief Financial Executive Officer, in such capacity, agrees to provide services to the Corporation for the period which began on October 7, April 29, 2016 and shall end on November May 1, 2017 (the "Termination Date ") (or such later date as may be agreed to by the parties within 120 days prior to the Termination Date) (the "Employment Period "). 1.2 Duties of Executive. The Executive shall s...erve as the Chief Financial Executive Officer of the Company and, unless otherwise specified by the Board each of the Company's subsidiaries. Subject to the preceding sentence, during the Employment Period, the Executive shall diligently perform all services as may be reasonably assigned to her him by the Board, and shall exercise such power and authority as may from time to time be delegated to her him by the Board. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of the Board at duly called meetings thereof, and no other person or group shall be given authority to supervise or direct Executive in the performance of her his duties. In addition, the Executive shall regularly consult with the Board with respect to the Company's business and affairs. The Executive shall devote such portion of her his working time and attention as she he deems appropriate to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled), render such services to the best of her his ability, and use her his reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic 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 as an employee of the Company in accordance with this Agreement. 1.3 Place of Performance. In connection with her his employment by the Company, the Executive shall be based at in New Braunfels, Texas and travel to the Company's principal executive offices in Las Vegas, Nevada. Nevada as required frequently in performance of his duties. View More
Employment. 1.1 Employment and Term. The Corporation hereby agrees to employ the Executive as its Vice President and Chief Financial Executive Officer, in such capacity, agrees to provide services to the Corporation for the period which began beginning on October 7, 2016 March 17, 2014 and shall end on November 1, ending March 17, 2017 (the "Termination Date ") “TERMINATION DATE") (or such later date as may be agreed to by the parties within 120 days prior to the Termination Date) (the "Employment Period ").... “EMPLOYMENT PERIOD"). 1.2 Duties of Executive. The Executive shall serve as the Chief Financial Officer of the Company and, unless otherwise specified by the Board each of the Company's subsidiaries. Executive Officer. Subject to the preceding sentence, during the Employment Period, term of Employment, the Executive shall diligently perform all services as may be reasonably assigned to her him by the Board, and shall exercise such power and authority as may from time to time be delegated to her him by the Board. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of the Board at duly called meetings thereof, and no other person or group shall be given authority to supervise or direct Executive in the performance of her his duties. In addition, the Executive shall regularly consult with the Board with respect to the Company's business and affairs. The Executive shall devote such portion of her his working time and attention as she he deems appropriate to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled), render such services to the best of her his ability, and use her his reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic 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 Executive’s responsibilities as an employee of the Company in accordance with this Agreement. 1.3 Place of Performance. In connection with her his employment by the Company, the Executive shall be based at the Company's principal executive offices in Las Vegas, Nevada. Nevada except for travel reasonably necessary in connection with the Company's business. 2. Compensation. 2.1 Base Salary. Commencing on the effective date of this Agreement, the Executive shall receive a base salary at the annual rate of not less than $147,000 for year one, $180,000 for year two, and $240,000 for year three payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. 2.2 Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issues each year to the Executive 1,000,000 shares of the common stock of the Company, that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP, on the first, second and third year anniversaries’ of the execution of this Agreement. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable. View More
Employment. 1.1 Employment and Term. The Corporation hereby agrees to employ the Executive as its Vice President and Chief Financial Officer, in such capacity, agrees to provide services to the Corporation for the period which began beginning on October 7, 2016 March 17, 2014 and shall end on November 1, ending March 17, 2017 (the "Termination Date ") “TERMINATION DATE") (or such later date as may be agreed to by the parties within 120 days prior to the Termination Date) (the "Employment Period "). “EMPLOYM...ENT PERIOD"). 1.2 Duties of Executive. The Executive shall serve as the Chief Financial Officer of the Company and, unless otherwise specified by the Board each of the Company's subsidiaries. Company. Subject to the preceding sentence, during the Employment Period, term of Employment, the Executive shall diligently perform all services as may be reasonably assigned to her him by the Board, and shall exercise such power and authority as may from time to time be delegated to her him by the Board. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of the Board at duly called meetings thereof, and no other person or group shall be given authority to supervise or direct Executive in the performance of her his duties. In addition, the Executive shall regularly consult with the Chairman of the Board with respect to the Company's business and affairs. The Executive shall devote such portion of her his working time and attention as she he deems appropriate to the business and affairs of the Company (excluding any vacation and sick leave to which the Executive is entitled), render such services to the best of her his ability, and use her his reasonable best efforts to promote the interests of the Company. It shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic 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 Executive’s responsibilities as an employee of the Company in accordance with this Agreement. 1.3 Place of Performance. In connection with her his employment by the Company, the Executive shall be based at the Company's principal executive offices in Las Vegas, Nevada except for travel reasonably necessary in connection with the Company's business. 2. Compensation. 2.1 Base Salary. Commencing on the effective date of this Agreement, the Executive shall receive a base salary at the annual rate of not less than $108,000 for year one, $132,000 for year two, and $180,000 for year three payable in installments consistent with the Company's normal payroll schedule, subject to applicable withholding and other taxes. The initial annual salary will be reduced to $4,000 per month until such time the Executive relocates to the Company’s location in Las Vegas, Nevada. 2.2 Restricted Stock Grant. (a) As compensation for entering into this Agreement, the Company hereby grants and issue each year to the Executive 500,000 shares of the common stock of the Company, that is currently traded on the Over The Counter Bulletin Board under the symbol SXLP, on the first, second and third year anniversaries’ of the execution of this Agreement. The stock is restricted as defined by the Rules and Regulations promulgated under the Securities Act of 1933, as amended. The shares are fully paid and non-assessable. View More
