Term of Employment Clause Example with 6 Variations from Business Contracts

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall employ the Executive for the period commencing on February 19, 2018 (the "Effective Date") the Effective Date and ending on April 30, July 31, 2019 (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one... (1) year each (each, an "Extended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Chief Operating Financial Officer of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position position, including managing the financial accounting, internal audit, credit and franchisee credit functions of Company, and such additional other related duties and responsibilities as are determined from time customarily assigned to time by the President of Company or the Board of Directors of Company (the "Board"). The Executive has the authority to make organizational and policy changes to drive culture, performance and efficiencies. individuals serving in that position. As Chief Operating Financial Officer, the Executive will report directly to the Chief Executive Officer/President of the Company. Executive has final decision making authority over all hiring and separation decisions for the Finance Department; provided, however that hiring and separation decisions will conform with Employers' policies, not exceed Employers' annual budget and may be subject to Board approval. (b) During the Employment Period, the Executive shall devote his full business time and best efforts to the performance of his duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, Board of Directors of Company (the "Board"), it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall continue to employ the Executive for the period commencing on February 19, 2018 the date written above (the "Effective Date") and ending on April 30, 2019 the twelve (12) month anniversary of the Effective Date (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, up...on the same terms and conditions, for successive periods of one (1) year each (each, an "Extended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Chief Operating Officer Vice President and General Counsel of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position position, including managing the legal, human resource and compliance functions of the Company and such additional other related duties and responsibilities as are determined from time customarily assigned to time by the President of Company or the Board of Directors of Company (the "Board"). individuals serving in that position. The Executive has will serve as a member of the authority to make organizational Company's Executive Committee and policy changes to drive culture, performance and efficiencies. As Chief Operating Officer, the Executive will report directly to the Company's Chief Executive Officer/President of the Company. Officer ("CEO"). (b) During the Employment Period, the Executive shall devote his her full business time and best efforts to the performance of his her duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, CEO, it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall employ the Executive for the period commencing on February 19, 2018 (the "Effective Date") and ending on April 30, 2019 (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one (1) year each (each, an "Ex...tended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Chief Operating Executive Officer and President of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position and such additional duties and responsibilities as are determined from time to time by the President of Company or the Board of Directors of Company (the "Board"). The Executive has the authority to make organizational and policy changes to drive culture, performance and efficiencies. As Chief Operating Officer, Executive Officer and President, the Executive will report directly to the Chief Executive Officer/President Board. All employees of the Company. Employers other than the General Counsel, the Chief Financial Officer and all employees who report directly or indirectly to the General Counsel or the Chief Financial Officer will report to the Executive. Executive has final decision making authority over all hiring and separation decisions excluding the Legal Department, Finance Department, and their direct reports; provided, however that hiring and separation decisions will conform with Employers' policies, not exceed the Employers' annual budget and may be subject to Board approval. While the General Counsel and the Chief Financial Officer, have reporting authority to the Board, both positions will also have day to day reporting responsibilities to the Executive. (b) During the Employment Period, the Executive shall devote his her full business time and best efforts to the performance of his her duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall employ the Executive for the period commencing on February 19, 2018 June 1, 2017 (the "Effective Date") and ending on April 30, 2019 the twelve (12) month anniversary of the Effective Date (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, upon the same terms and ...conditions, for successive periods of one (1) year each (each, an "Extended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Chief Operating Officer of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position and such additional duties and responsibilities as are determined from time to time by the President of Company or the Board of Directors of Company (the "Board"). The Executive has the authority to make organizational and policy changes to drive culture, performance and efficiencies. As Chief Operating Officer, the Executive will report directly to the Chief Executive Officer/President President of the Company. All employees of the Employers other than the President, the General Counsel, the Chief Financial Officer and all employees who report directly or indirectly to the General Counsel or the Chief Financial Officer will report to the Executive. Executive has final decision making authority over all hiring and separation decisions excluding the Legal Department, Finance Department, their direct reports, and other departments that report directly to the President; provided, however that hiring and separation decisions will conform with Employers' policies, not exceed the Employers' annual budget and may be subject to Board approval. (b) The Executive may be promoted to the position of Chief Executive Officer. In the event that the Executive is promoted to the position of Chief Executive Officer, the Executive will report to the Board. The Executive will have such duties and authorities as are commensurate with such position and such additional duties and responsibilities as are determined from time to time by the Board. (c) During the Employment Period, the Executive shall devote his full business time and best efforts to the performance of his duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) (d) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall employ the Executive for the period commencing on February 19, January 1, 2018 (the "Effective Date") and ending on April 30, 2019 the twelve (12) month anniversary of the Effective Date (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, upon the same terms and co...nditions, for successive periods of one (1) year each (each, an "Extended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Chief Operating Financial Officer of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position position, including managing the financial accounting, internal audit, credit and franchisee credit functions of the Company, and such additional other related duties and responsibilities as are determined from time customarily assigned to time by the President of Company or the Board of Directors of Company (the "Board"). The Executive has the authority to make organizational and policy changes to drive culture, performance and efficiencies. individuals serving in that position. As Chief Operating Financial Officer, the Executive will serve as a member of the Company's Executive Committee and report directly to the Company's Chief Executive Officer/President of the Company. Officer ("CEO"). (b) During the Employment Period, the Executive shall devote his full business time and best efforts to the performance of his duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, CEO, it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More

Term of Employment. Unless the Executive's employment shall sooner terminate pursuant to Section 4 of this Agreement, the Employers shall employ the Executive for the period commencing on February 19, 2018 the date written above (the "Effective Date") and ending on April 30, 2019 the twelve (12) month anniversary of the Effective Date (the "Initial Term"); provided, however, that commencing on the expiration of the Initial Term, the Executive's employment shall be deemed to be automatically extended, upon the same ...terms and conditions, for successive periods of one (1) year each (each, an "Extended Term"), unless the Executive or either of the Employers, as the case may be, at least ninety (90) days prior to the expiration of the Initial Term or any Extended Term, provides written notice to the other of its intention not to renew such employment. The period during which the Executive is employed pursuant to this Agreement, including any Extended Term in accordance with the preceding sentence, shall be referred to as the "Employment Period." 2. Duties and Responsibilities. (a) The Executive shall serve as the Vice President and Chief Operating Information Officer of Company and Subco. The Executive will have such duties and authorities as are commensurate with such position position, including managing the information technology functions of the Company and such additional other related duties and responsibilities as are determined from time customarily assigned to time by the President of Company or the Board of Directors of Company (the "Board"). individuals serving in that position. The Executive has will serve as a member of the authority to make organizational Company's Executive Committee and policy changes to drive culture, performance and efficiencies. As Chief Operating Officer, the Executive will report directly to the Company's Chief Executive Officer/President of the Company. Officer ("CEO"). (b) During the Employment Period, the Executive shall devote his full business time and best efforts to the performance of his duties hereunder and shall not engage in any other business, profession or occupation, for compensation or otherwise, which would conflict or interfere with the rendition of such duties either directly or indirectly, without the prior written consent of the Board, CEO, it being understood, however, that the Executive may (i) serve as an officer or director of or otherwise participate in educational, welfare, social, religious and civic organizations; (ii) deliver lectures or fulfill speaking engagements; (iii) manage personal investments; and (iv) with the prior consent of the Employers, serve on for-profit boards, in each case so long as such activities are consistent with the Employers' code of ethics as in effect from time to time and do not materially interfere with the Executive's employment or responsibilities hereunder. (c) Executive agrees to comply with Employers' policies, including but not limited to the Code of Conduct and the Insider Trading Policy. View More