Employment Contract Clauses (4,827)

Employment. The Company hereby agrees to employ Executive and Executive hereby agrees to be employed by the Company on the terms and conditions herein set forth. The initial term of this Agreement shall be for a one-year period commencing on the Effective Date. The term shall be automatically extended by one additional day for each day beyond the Effective Date that the Executive remains employed by the Company until such time as the Company elects to cease such extension by giving written notice of such el...ection to the Executive (the "Term"). In such event, the Agreement shall terminate on the first anniversary of the effective date of such election notice. View More

Employment. Employer hereby agrees to employ Employee, and Employee hereby accepts employment with Employer upon the terms and conditions herein set forth.

Employment. The Employer agrees to employ the Executive and the Executive agrees to be employed by the Employer upon the terms and subject to the conditions set forth in this Agreement.

Employment. Upon the terms and subject to the conditions contained in this Agreement, Executive agrees to provide full-time services for Employer during the term of this Agreement. Executive agrees to devote his best efforts to the business of Employer, and shall perform his duties in a diligent, trustworthy and business-like manner, all for the purpose of advancing the business of Employer.

Employment. (a) General. The Company shall continue to employ the Executive and the Executive shall continue in the employ of the Company, for the period set forth in Section 1(b), in the position set forth in Section 1(c), and upon the other terms and conditions herein provided. (b) Employment Term. The term of employment under this Agreement (the "Term") shall be for the period beginning on the Effective Date and ending on May 31, 2018, unless earlier terminated as provided in Section 3. (c) Position and ...Duties. The Executive shall serve as the Chairman and Chief Executive Officer of the Company and Allison Transmission Holdings, Inc. ("Parent") with such customary responsibilities, duties and authority as may from time to time be assigned to the Executive by the Board of Directors of the Company, the Board of Directors of Parent or an authorized committee of either board (collectively, the "Board"). The Executive shall report to the Board. The Executive shall devote substantially all his working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable). The Executive agrees to observe and comply with the rules and policies of the Company as adopted by the Company from time to time. During the Term, it shall not be a violation of this Agreement for the Executive to (i) serve on industry trade, civic or charitable boards or committees; (ii) deliver lectures or fulfill speaking engagements; (iii) manage his personal investments and affairs; and (iv) serve on the board of directors of two for-profit enterprises with the Board's prior consent, as long as such activities do not interfere with the performance of the Executive's duties and responsibilities as an employee of the Company. View More

Employment. (a) The Employer and Executive agree that Executive shall continue to be employed as President and Chief Executive Officer of HRB and Chief Executive Officer of BHR and shall perform such services for the Employer as may be assigned to Executive by the Boards of Directors of HRB or BHR (collectively, the "Board") from time to time in accordance with the terms and conditions set forth in this Agreement. (b) The term of this Agreement shall commence on the date hereof (the "Effective Date") and, s...ubject to Section 5(a), shall expire on the third anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of Section 5 (the "Term"). On the third anniversary of the Effective Date and on each anniversary thereafter, the Term shall be extended for an additional one year unless the Employer shall deliver written notice to the contrary to Executive not less than 90 days prior to the end of the Term. In the event Executive's employment with the Employer continues after the expiration of the Term, Executive's post-expiration employment will be at will. Executive will not be entitled to any rights or benefits as a result of the expiration of this Agreement. (c) The Executive is currently serving as a director of HRB, Shore Bank, and BHR. HRB shall nominate the Executive for election as a director of HRB as such nominations are necessary so that (d) the Executive will, if elected by the stockholders of HRB, serve as a director of HRB, Shore Bank, and BHR throughout the term of his employment. HRB agrees to cause the election of the Executive as a director of BHR and Shore Bank throughout the term of his employment. The Executive hereby consents to serve as a director. View More

Employment. Subject to the terms and conditions hereinafter set forth, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, at the office and in the Position referred to on Exhibit A. (a) The Executive will (i) devote his full professional time, attention, and energies to the business of the Company and will diligently and to the best of his ability perform all duties incident to his Employment hereunder; (ii) use his best efforts to promote the interests ...and goodwill of the Company; and (iii) perform such other duties commensurate with the Position as the Board may from time-to-time assign to the Executive. (b) The Executive shall obtain the written consent of the Board prior to serving on corporate, civic or charitable boards or committees. This Section 3.1 shall not be construed as preventing the Executive from serving on the corporate, civic or charitable boards or committees on which he currently serves and which have been previously disclosed to the Company in writing; provided that in no event shall any such service or business activity require the provision of substantial services by the Executive to the operations or the affairs of such businesses or enterprises such that the provision thereof would interfere in any respect with the performance of the Executive's duties hereunder. 3.2 Office Space, Equipment, etc. The Company shall provide the Executive with office space, related facilities, equipment, and support personnel that are commensurate with the Position. 3.3 Expense Reimbursement. The Company will timely reimburse the Executive for reasonable business expenses incurred by the Executive in connection with the Employment in accordance with the Company's then-current policies no later than thirty (30) days following the submission of such expense(s). 3 4. COMPENSATION AND BENEFITS DURING EMPLOYMENT. During the Employment, the Company shall provide compensation and benefits to the Executive as follows. 4.1 Salary. In consideration of the services to be rendered by Executive pursuant to this Agreement, the Company shall pay, or cause to be paid, to Employee a base salary (the "Base Salary") as established by or pursuant to authority granted by the Board. Executive's initial Base Salary shall be the base salary, as of the Effective Date, as set forth on Exhibit A. The Base Salary shall be reviewed annually by or pursuant to authority granted by the Board in connection with its annual review of executive compensation to determine if such Base Salary should be increased by a minimum of 5% (but not decreased) for the following year in recognition of services to the Company. The Base Salary shall be payable at such intervals in conformity with the Company's prevailing practice as such practice shall be established or modified from time to time. 4.2 Bonuses; Additional Compensation. Executive will be eligible to receive bonuses and awards of equity and non-equity compensation and to participate in annual and long-term compensation plans of the Company in accordance with any plan or decision that the Board, or any committee or other person authorized by the Board, may in its sole discretion determine from time to time. The target annual bonus for Executive as of the Effective Date, expressed as a percentage of Base Salary, is set forth on Exhibit A. 4.3 Other Benefits. During the period of employment under this Agreement, Executive shall be entitled to participate in all other benefits of employment generally available to other Senior Executives and those benefits for which such persons are or shall become eligible, when and as the Executive becomes eligible therefore. View More

Employment. On the Effective Date, the Executive is hereby employed and engaged to serve the Company as President and Chief Executive Officer of the Company, and such additional titles as the Company's board of directors (the "Board") may specify from time to time, and the Executive does hereby accept and agree to such engagement and employment.

Employment. 1.1 The Company hereby employs EXECUTIVE, and EXECUTIVE hereby accepts employment by the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the date hereof and shall be an at-will employee. 1.2 EXECUTIVE shall serve as Executive Vice President, Chief Financial Officer and Chief Business Officer of the Company, and shall have the normal duties, responsibilities and authority of such office, unless otherwise determined from time to time by the Company's ...Board of Directors. EXECUTIVE shall do and perform all services, acts, or responsibilities necessary or advisable to carry out the job duties of Executive Vice President, Chief Financial Officer and Chief Business Officer of the Company as assigned by the Company, provided, however, that at all times during his employment EXECUTIVE shall be subject to the direction and policies from time to time established by the Board of Directors of the Company. View More

Employment. The Executive is employed as President and Chief Executive Officer of the Company and the Bank. The Executive shall perform all duties and shall have all powers which are commonly incident to the office of President and Chief Executive Officer or which, consistent with the office, are delegated to him by the Boards of Directors of the Company and the Bank. (All subsequent references herein to the Board shall be the Board of the Bank, unless otherwise indicated).