Term of Employment Clause Example with 19 Variations from Business Contracts
This page contains Term of 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.
Term of Employment. The initial term of this Agreement shall be for the period beginning on the Effective Date and ending on the second anniversary of the Effective Date (the "Initial Term"). On the second anniversary of the Effective Date and on each subsequent anniversary thereafter, this Agreement shall automatically renew and extend for a period of 12 months (each such 12-month period being a "Renewal Term") unless written notice of non-renewal is delivered from either party to the other not less than 90 days p...rior to the expiration of the then-existing Initial Term or Renewal Term. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period."View More
Variations of a "Term of Employment" Clause from Business Contracts
Term of Employment. The initial term of this Agreement shall be for the period beginning on the Effective Date and ending on the second third anniversary of the Effective Date (the "Initial Term"). On the second third anniversary of the Effective Date and on each subsequent anniversary thereafter, this Agreement shall automatically renew and extend for a period of 12 months (each such 12-month period being a "Renewal Term") unless written notice of non-renewal non- renewal is delivered from by either party to the o...ther not less than 90 30 days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." 5. Business Expenses. The Company agrees to reimburse Employee for Employee's reasonable out-of-pocket business-related expenses actually incurred in the performance of Employee's duties under this Agreement, provided that Employee timely submits all documentation for such reimbursement, as required by Company policy in effect from time to time. Any such reimbursement of expenses shall be made by the Company upon or as soon as practicable following receipt of such documentation (but in any event not later than the earlier of (i) the close of Employee's taxable year following the taxable year in which the expense is incurred by Employee or (ii) 30 days following the Company's receipt of such documentation). In no event shall any reimbursement be made to Employee for such expenses incurred after the date of Employee's termination of employment with the Company. Employee is not permitted to receive a payment in lieu of reimbursement under this Section 5. Any payments or reimbursements of any expenses provided for under this Agreement shall be made in accordance with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the "Code") and the Treasury regulations and interpretive guidance issued thereunder (collectively, "Section 409A"), including: (i) no reimbursement or payment of any such expense shall affect Employee's right to reimbursement of any such expense in any other taxable year; (ii) reimbursement or payment of the expense shall be made, if at all, promptly, but not later than the end of the calendar year following the calendar year in which the expense was incurred; and (iii) the right to reimbursement or payment shall not be subject to liquidation or exchange for any other benefit; provided, that for purposes of clause (ii) the reimbursement or payment of the expenses shall be on the earlier to occur of the date set forth in this Agreement or the date set forth in clause (ii). View More
Term of Employment. The initial term of Employee's employment under this Agreement shall be for the period beginning on the Effective Date and ending on the second fourth anniversary of the Effective Date (the "Initial Term"). On the second fourth anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee's employment under this Agreement shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month twelve (12)-month period being a "Renewal... Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 thirty (30) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." 5. Business Expenses. Subject to Section 23, the Company shall reimburse Employee for Employee's reasonable out-of-pocket business-related expenses actually incurred in the performance of Employee's duties under this Agreement so long as Employee timely submits 2 all documentation for such reimbursement, as required by Company policy in effect from time to time. Any such reimbursement of expenses shall be made by the Company upon or as soon as practicable following receipt of such documentation (but in any event not later than the close of Employee's taxable year following the taxable year in which the expense is incurred by Employee). In no event shall any reimbursement be made to Employee for expenses incurred after the date of Employee's termination of employment with the Company. View More
Term of Employment. The initial term of Employee's employment under this Agreement shall be for the period beginning on the Effective Date and ending on the second third (3rd) anniversary of the Effective Date (the "Initial Term"). On the second third (3rd) anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee's employment under this Agreement shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month twelve (12)-month period being ...a "Renewal Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 one hundred eighty (180) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." 4 5. Business Expenses. Subject to Section 22, the Company shall reimburse Employee for Employee's reasonable out-of-pocket business-related expenses actually incurred in the performance of Employee's duties under this Agreement so long as Employee timely submits all documentation for such expenses, as required by Company policy in effect from time to time. Any such reimbursement of expenses shall be made by the Company in accordance with the Company's expense reimbursement policy as in effect from time to time following the receipt of such documentation. In no event shall any reimbursement be made to Employee for any expenses incurred after the date of Employee's termination of employment with the Company. View More
Term of Employment. The initial term of this Agreement shall be for the period beginning on the Effective Date and ending at midnight Eastern Time on the second first anniversary of the Effective Date (the "Initial Term"). On the second first anniversary of the Effective Date and on each subsequent anniversary thereafter, of the Effective Date, this Agreement shall automatically renew and extend for a period of 12 months (each such 12-month period being a "Renewal Term") unless written notice of non-renewal is deli...vered from either party to the other not less than 90 sixty (60) days prior to the expiration of the then-existing Initial Term or Renewal Term. Notwithstanding any other provision of this Agreement, Employee's the Executive's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's Executive's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." 5. Benefits. Subject to the terms and conditions of this Agreement, Executive shall be entitled to the following benefits during the Employment Period: (a) Benefits. Executive shall be invited to participate in the same benefit plans and fringe benefit policies in which other similarly situated Company employees are eligible to participate. All such participation shall be subject to applicable eligibility requirements and the terms and conditions of all plans and policies. (b) Business Expenses. Executive shall be entitled to reimbursement for business expenses under the same policies that apply to other similarly situation Company employees as determined by the Company from time to time. View More
Term of Employment. The initial term Subject to the terms and conditions of this Agreement Agreement, and unless earlier terminated as provided for herein, the Executive shall be employed hereunder for the period beginning a term commencing on the Effective Date and ending on the second third anniversary of the Effective Date (the (such period between the Effective Date and the third anniversary of the Effective Date, the "Initial Term"). On Unless the second Executive's employment hereunder has been earlier termin...ated, upon the third anniversary of the Effective Date and on each subsequent anniversary thereafter, this Agreement the term of the Executive's employment hereunder shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month period being twelve (12)-month period, a "Renewal Term") unless written notice of non-renewal is (a "Notice of Non-Renewal") has been delivered from by either party to the other not less than 90 at least ninety (90) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement hereunder may be terminated at any time in accordance with Section 6. 5. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." "Term." View More
Term of Employment. The initial term of this Agreement shall be for the period beginning on the Effective Date and ending at midnight Eastern Time on the second third anniversary of the Effective Date (the "Initial Term"). On the second third anniversary of the Effective Date and on each subsequent anniversary thereafter, of the Effective Date, this Agreement shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month period being a "Renewal Term") unless written notice of non-ren...ewal is delivered from either party to the other not less than 90 sixty (60) days prior to the expiration of the then-existing Initial Term or Renewal Term. Notwithstanding the foregoing, upon the occurrence of a Change in Control, this Agreement shall automatically renew and the term of this Agreement shall be for the period beginning on the date of the Change in Control and ending at midnight Eastern Time on the second anniversary of the date of such Change in Control (the "Change in Control Term"), and on the second anniversary of the date of the Change in Control and on each subsequent anniversary thereof, this Agreement shall automatically renew and extend for a period of twelve (12) months (each such 12-month period being a "Change in Control Renewal Term") unless written notice of non-renewal 2 is delivered from either party to the other not less than sixty (60) days prior to the expiration of the then-existing Change in Control Term or Change in Control Renewal Term. Notwithstanding any other provision of this Agreement, Employee's the Executive's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's Executive's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." View More
Term of Employment. The initial term of Executive's employment under this Agreement shall be for the period beginning on the Effective Commencement Date and ending on the second anniversary of the Effective Commencement Date (the "Initial Term"). On the second anniversary of the Effective Commencement Date (if Executive's employment hereunder has not been earlier terminated), and on each subsequent anniversary thereafter, the term of Executive's employment under this Agreement shall automatically renew and extend f...or a period of 12 twelve (12) months (each such 12-month twelve (12)-month period being a "Renewal Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 sixty (60) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Commencement Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." View More
Term of Employment. The initial term of Employee's employment under this Agreement shall be for the period beginning on the Effective Date commencement date of Employee's employment 2 hereunder (the "Effective Date"), and ending on the second anniversary of the Effective Date (the "Initial Term"). On the second anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee's employment under this Agreement shall automatically renew and extend for a period of 12 twelve (12) mon...ths (each such 12-month twelve-month period being a "Renewal Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 thirty (30) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. In addition, in event the Company delivers a written notice of non-renewal to Employee during the 12-month period following the occurrence of a Change in Control (as defined below), the termination of Employee's employment upon or following the expiration of the Employment Period (as defined below) shall be treated as a termination of Employee's employment hereunder and shall entitle the Employee to payments and benefits described in Section 7(g) of this Agreement. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." View More
Term of Employment. The initial term of Employee's employment under this Agreement shall be for the period beginning on the Effective Date and ending on the second fourth (4th) anniversary of the Effective Date (the "Initial Term"). On the second fourth (4th) anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee's employment under this Agreement shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month twelve (12)-month period bein...g a "Renewal Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 ninety (90) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." View More
Term of Employment. The initial term of Employee's employment under this Agreement shall be for the period beginning on the Effective Date and ending on the second first (1st) anniversary of the Effective Date (the "Initial Term"). On the second first (1st) anniversary of the Effective Date and on each subsequent anniversary thereafter, the term of Employee's employment under this Agreement shall automatically renew and extend for a period of 12 twelve (12) months (each such 12-month twelve (12)-month period being ...a "Renewal Term") unless written notice of non-renewal is delivered from by either party to the other not less than 90 thirty (30) days prior to the expiration of the then-existing Initial Term or Renewal Term. Term, as applicable. Notwithstanding any other provision of this Agreement, Employee's employment pursuant to this Agreement may be terminated at any time in accordance with Section 6. 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Employee's employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the "Employment Period." View More
