Term of Employment Contract Clauses (2,086)

Term of Employment. The Executive's term of employment with the Company under this Agreement shall begin on the Effective Date, and unless sooner terminated as hereafter provided, shall continue for one (1) year (the "Employment Term"); provided that the Employment Term shall automatically be extended for successive 1-year periods unless either party gives written notice of such party's intention not to extend the Employment Term not less than sixty (60) days prior to the expiration of the then current Employment T...erm. The termination of the Executive's employment at the end of the Employment Term or any successive 1-year period thereafter on account of the Company giving notice to the Executive of its desire not to extend the Employment Term in accordance with the provisions of this Section 1 shall be treated for all purposes as a termination without Cause pursuant to Section 8(c), and the provisions of Section 8(c) shall apply to such termination. The termination of the Executive's employment at the end of the Employment Term or any successive 1-year period thereafter on account of the Executive giving notice to the Company of his desire not to extend the Employment Term in accordance with the provisions of this Section 1 shall be treated for all purposes as a voluntary termination pursuant to Section 8(d), and the provisions of Section 8(d) shall apply to such termination. View More

Term of Employment. The Comptroller's employment by the Company under this agreement shall commence on the date of this Agreement and, subject to earlier termination pursuant to section 5 and/or 6, shall terminate on one (1) year from the date herein. This Agreement may also be extended by a written amendment as discussed in section 7.

Term of Employment. The Executive's employment with the Corporation under the terms and conditions of this Agreement shall commence on the Effective Date and shall continue until the termination of the Executive's employment in accordance with the terms and conditions of Section 5 of this Agreement (the "Employment Term").

Term of Employment. The Company agrees to and does hereby employ Employee, and Employee agrees to and does hereby accept employment by the Company, as the Chief Financial Officer of the Company, subject to the supervision and direction of its Board of Directors and Audit Committee, for a period of fifteen months (15) commencing on the date of the agreement and concluding on December 31, 2015 (the "Term") after which it will continue until such time unless written notice of resignation or termination is provided.

Term of Employment. (a) Initial Term. The Bank hereby employs the Executive and the Executive hereby accepts employment with the Bank for a term of three (3) years and eight (8) months, beginning on April 26, 1999 and ending on December 31, 2002 (the "Initial Term"), subject, however, to prior termination of this Agreement as set forth below. (b) Successive Terms. Commencing in the year 2000, at least sixty (60) days prior to the end of each year during the term of this Agreement (and any extension), the Board of D...irectors shall evaluate the Executive's performance and shall provide the Executive with a written notice stating whether the Board wishes to extend this Agreement for an additional year beyond the number of years remaining in its Initial Term or any extension, and the terms upon which such extension is offered (e.g., at least sixty (60) prior to December 31, 2000, the Board may offer to extend this Agreement to December 31, 2003). Not later than thirty days following receipt of such notice, the Executive shall respond in writing, stating his acceptance or rejections, or his proposed modification of the offer received from the Board. If the parties agree upon the terms of such extension, an amendment to this Agreement shall be prepared and executed by the parties. View More

Term of Employment. Employment under this Agreement shall be terminable at-will, and, in such case either Executive or Univar may terminate Executive's employment at any time with or without Cause or Good Reason, as defined in this Agreement, and without notice, subject to the requirements set forth in Section 5. Any termination of Executive's employment by Executive or Univar (other than death) shall be communicated by written notice of termination to the other party in accordance with Section 16 of this Agreement.... David E. Flitman Employment Agreement Page 1 3. Compensation. For the duration of Executive's employment under this Agreement, Executive shall be entitled to compensation computed and paid pursuant to the following subparagraphs and subject to applicable withholdings and deductions: 3.1 Salary. Executive shall be paid a gross salary at the rate of $600,000 per year (the "Annual Base Salary"), with actual amounts paid to be prorated for the actual period of employment, payable in equal installments in accordance with Univar's normal payroll practices. Univar may review Executive's salary from time to time as part of a review of Executive's performance and other relevant factors and may determine in its sole discretion whether any increase in salary shall be made. Any such increased amount shall thereafter be Executive's "Annual Base Salary" for all purposes under this Agreement. 3.2 Annual Bonus. Beginning in 2013, Univar will provide Executive with the opportunity for annual cash bonus awards in accordance with its management incentive plans and the financial performance targets set for Executive thereunder ("Annual Bonus"), with a target amount equal to 100% (as may be increased at Univar's discretion from time to time, the "Target Bonus Percentage") of the Annual Base Salary (the target bonus as a percentage of Annual Base Salary, as in effect from time to time, is hereinafter referred to as the "Target Bonus") and a maximum Annual Bonus equal to 200% of the Annual Base Salary. Any such increased amount shall thereafter be Executive's "Target Bonus Percentage" for all purposes under this Agreement. Your bonus will be based on a combination of the financial results of Univar USA and the consolidated financial results of Univar. Any Annual Bonus payable thereunder shall be paid between January 1st and March 15th of the year immediately following the year to which such Annual Bonus relates. Executive's 2012 Annual Bonus under the management incentive plan will be in the amount of $50,000. View More

Term of Employment. The term of the Employee's employment under this Agreement (the "Term") shall commence on or before March 25, 2014 (the "Effective Date"), as mutually agreed upon by the parties, and shall end on December 31, 2016, unless sooner terminated pursuant to Section 4 or 5 of this Agreement; provided, however, that this Agreement shall automatically 2 be renewed for successive one-year terms (the Term and, if the period of employment is so renewed, such additional period(s) of employment are collective...ly referred to herein as the "Term"), unless one or more of the parties gives written notice to the other at least ninety (90) days prior to the end of the applicable Term that it does not intend to renew the Term (a "Notice of Non-Renewal"), in which case the employment will end and the Term shall expire, without further action by either party, at the end of the day that is immediately before the next anniversary of the Effective Date. View More

Term of Employment. The employment of Executive under this Agreement shall be for an for an indefinite term.

Term of Employment. Unless sooner terminated in accordance with Section 5, the initial term of this Agreement shall be two (2) years from the effective date of this Agreement, and thereafter shall continue for one year terms from year to year unless and until either party shall give notice to the other at least 30 days prior to the end of the original or then current renewal term of his or its intention to terminate at the end of such term. The provisions of Sections 6, 7, and 9 shall remain in full force and effec...t notwithstanding the termination of this Agreement. View More

Term of Employment. The term of the Executive's employment pursuant to this Agreement shall commence on the Effective Date and end on the second anniversary of the Effective Date, subject to extension and termination pursuant to the provisions of this Agreement (the "Term"). The Term will be automatically extended for a one-year period on the second and each ensuing anniversary of the Effective Date unless either the Company or the Executive provides written notice to the other party no later than 60 days in advanc...e of the expiration of then-current Term that the period of the Executive's employment pursuant to this Agreement shall not be extended. As used in this Agreement, the word "Term" means the initial two-year period of employment specified in this Agreement and includes any and every one-year extension of the period of employment under this Agreement. Notwithstanding the foregoing, the Term shall automatically terminate on the Date of Termination (as defined below). View More