Term of Employment Contract Clauses (2,086)

Term of Employment. (a) Title and Duties. Commencing on the Effective Date upon the Closing, Executive shall be employed by the Company in the position of President and Chief Executive Officer. Executive shall perform such duties as is customary for such position and such other duties as may, from time to time, be assigned by the Company's Board of Directors (the "Board"). (b) General Obligations of Executive. Executive hereby agrees that she will devote all of her working time and attention and give her best effor...t and skill during normal working hours for a similarly situated executive with Executive's level of responsibility to the business and interests of the Company during the Term of this Agreement, and that she will perform such services, as may from time to time be assigned to her, and shall use her best efforts to further enhance and develop the business of the Company. Executive agrees that she will give full attention to and comply with all lawful rules and procedures as may be from time to time promulgated by the Company as applicable to the Company in its sole and absolute discretion. (c) Restrictions on Executive. Subject to the exception in clause (d) below and to the proviso in the last sentence of this paragraph, Executive shall not, without the prior written consent of the Company and Buyer, at any time during the Term of this Agreement: (i) accept employment with, or render services of a business, professional or commercial nature to, any Person other than the Company or Buyer or its Affiliates; (ii) engage in, own or provide financial or other assistance to any Person, venture or activity which the Company may in good faith consider to be competitive with or adverse to the Company or Buyer or its Affiliates, whether directly or indirectly, alone or with any other Person as a principal, agent, shareholder, participant, partner, promoter, director, officer, manager, employee, consultant, sales representative or otherwise; or (iii) engage in any venture or activity which the Company may in good faith consider to interfere with Executive's performance of her duties. Executive shall make full and prompt written disclosure to the Company of any business opportunity of which she comes aware and which relates to the business of the Company; provided, however, that the provisions of this paragraph shall not apply to (x) ownership of up to three percent (3%) of the securities of a publicly owned entity, (y) the ability of Executive to sit on the board of a charitable or educational non-profit organization or (z) Executive's involvement in, and work on behalf of, Tech Women Boston, so long, as in the case of each of clauses (y) and (z), such activities do not negatively impact Executive's performance of her obligations on behalf of the Company or PS. (d) PS Exception. The Company acknowledges that as of the date hereof, Executive is an employee holding the highest officer position at PS. Notwithstanding anything to the contrary contained in this Agreement, including this Section 1, the Company acknowledges and agrees that, (i) Executive shall be permitted to be employed by PS, (ii) Executive's employment under this Agreement will not prevent Executive from devoting sufficient time and attention to the daily affairs of PS to control its management and daily business operations, (iii) such activities conducted by Executive for PS will not be a violation of this Section 1 and (iv) subject in all cases to any requirement in any agreement between PS and any of its customers that any Intellectual Property (as defined below) developed by PS or its employees will be owned by, or must be assigned to, such customer, any Intellectual Property developed by Executive in connection with Executive's work on behalf of PS will be owned by PS. Further, the Company hereby acknowledges and agrees that subject in all cases to any requirement in any agreement between the Company and any of its customers that any Intellectual Property developed by the Company or its employees will be owned by, or must be assigned to, such customer, PS and its Affiliates will have a perpetual royalty-free license to use any Intellectual Property developed by Executive in connection with Executive's work on behalf of PRS. View More

Term of Employment. Subject to the termination of employment as set forth in Section 4 hereof, Executive's employment and appointment hereunder shall be for a term commencing on April 1, 2015 (the "Effective Date") and expiring thirty-six (36) months thereafter, or on April 1, 2018 (the "Initial Term"). Upon expiration of the Initial Term and subject to the termination of employment as set forth in Section 4 hereof, this Agreement shall automatically extend for successive renewal periods of one (1) year (the "Renew...al Term(s)"), unless either party provides written notice at least ninety (90) days prior to the Renewal Term of its election not to renew the Initial Term or any Renewal Term. The Initial Term and any Renewal Term shall be collectively referred to as the "Term". View More

Term of Employment. The Effective Date of this Agreement shall be the date first set forth above. 2.2. Term. The initial term of this Agreement shall be set forth on Addendum A hereto, and the Company agrees to employ the Executive and the Executive hereby agrees to serve the Company until this Agreement is terminated by one of the parties in accordance with the terms set forth in Section 4 below.

Term of Employment. The term of Executive's employment under this Agreement shall commence on the Effective Date and, unless earlier terminated pursuant to Section 5 below, shall continue for a period ending on the date that is two (2) years following the Effective Date (the "Original Term of Employment"). The Original Term of Employment shall be automatically renewed for successive one (1) year terms (the "Renewal Terms") unless at least one hundred twenty (120) days prior to the expiration of the Original Term of... Employment or any Renewal Term, either Party notifies the other Party in writing that she or it is electing to terminate this Agreement at the expiration of the then current Term of Employment. "Term" shall mean the Original Term of Employment and all Renewal Terms. For purposes of this Agreement, except as otherwise provided herein, the phrases "year during the Term" or similar language shall refer to each twelve (12) month period commencing on the Effective Date or applicable anniversaries thereof. View More

Term of Employment. Subject to the provisions of Section 8 of this Agreement, Executive shall be employed by the Company, on the terms and subject to the conditions set forth in this Agreement, for the period commencing on the Promotion Date, and ending on the second anniversary of said date (the "Employment Term"). Thereafter the Employment Term shall automatically be extended on June 12 of each year for a period of one year from such date. In addition, in the event of a Change in Control, the Employment Term shal...l automatically be extended for a period of three years beginning on the date of the Change in Control and ending on the third anniversary of the date of such Change in Control (unless further extended under the immediately preceding sentence). The Company or Executive may give notice to the other party that the Employment Term shall no longer be extended (the "Non-Renewal Notice"), in which event the Employment Term shall expire on the latest of: (i) such second anniversary of the original Employment Term commencement date, (ii) such third anniversary of a Change in Control, or (iii) the first anniversary of the delivery of such Non-Renewal Notice. In any case, the Employment Term may be terminated earlier under the terms and conditions set forth herein. View More

Term of Employment. The Company and Employee agree that Employee's employment is based on the original offer letter and labor contract terms and that their employment relationship may be terminated by either party at any time in accordance with applicable law, with or without cause, and, if applicable, in accordance with Section 2 or Section 4 below. If Employee's employment with the Company terminates for any reason, Employee shall not be entitled to any payments, benefits, damages, awards or compensation other th...an as provided by this Agreement. During his employment with the Company, Employee agrees to devote his full business time, energy and skill to his duties with the Company. These duties shall include, but not be limited to, any duties consistent with Employee's position that may be assigned to Employee from time to time by the Company or the Board. View More

Term of Employment. This Agreement and the employment relationship and terms hereunder shall continue from the Effective Date until Employee's employment is terminated by either the Company or Employee pursuant to Section 7 (the "Employment Term").

Term of Employment. The Executive's employment under this Agreement shall commence on the Effective Date and shall end on such date as the Executive's employment terminates in accordance with Section 4 of this Agreement. Subject to the balance of this Agreement, the Executive shall be an at-will employee of the Company whose employment may be terminated (by the Company or by the Executive) at any time, for any or no reason, in which case the Executive will be entitled to the separation benefits set forth in Section... 4, below. View More

Term of Employment. Unless terminated earlier in accordance with the provisions of Section 7, Executive's employment under this Agreement shall be effective for a term commencing on the Effective Date and ending on December 31, 2017 (the "Employment Term").

Term of Employment. The term of this Agreement (the "Term") shall commence on the Effective Date and shall continue until and shall expire on the first anniversary of the Effective Date, as may be extended in accordance with this Section 2 and unless terminated earlier by either party, in accordance with the terms of this Agreement. The Term shall be extended automatically without further action by either party by one (1) additional year (added to the end of the Term), and then on each succeeding annual anniversary... thereafter, unless either party shall have given written notice to the other party prior to the date that is ninety (90) calendar days prior to the date which such extension would otherwise have become effective electing not to further extend the Term, in which case Executive's employment shall terminate on the date upon which the extension would otherwise have become effective, unless earlier terminated in accordance with this Agreement. This Agreement may be terminated by Executive or by the Chief Executive Officer or the Board, with or without Cause (as defined below). Upon the termination of Executive's employment with the Company for any reason, neither party shall have any further obligation or liability under this Agreement to the other party, except as set forth in Sections 4, 5, 6, 7, 8, 9, 15, 16 and 17 of this Agreement. Non-renewal of the Term by the Company shall be treated for all purposes under this Agreement as a termination of Executive's employment without Cause. View More