Term of Employment Contract Clauses (2,086)

Term of Employment. Subject to the terms and conditions of this Agreement, the initial term of employment hereunder shall be for the two (2)-year period commencing on the Effective Date and ending on the day preceding the two (2)-year anniversary of the Effective Date. As of each one (1)-year anniversary of the Effective Date, the term of employment hereunder shall be extended for another one (1) year, automatically, unless either party delivers notice to the contrary to the other party at least sixty (60) days pri...or to such one (1)-year anniversary, in which case the term of employment hereunder shall expire as of the date to which it was last extended pursuant to this sentence. Such notice shall be delivered in a manner consistent with the requirements of Section 12. References in this Agreement to the "Term" shall refer both to such initial term and any successive terms. View More

Term of Employment. Executive's term of employment under this Agreement will commence on the date hereof and continue until July 17, 2018, and on a year-to-year basis thereafter ending each July 17 thereafter (the "Term"), unless: (i) the Company provides the Executive with a notice of non-renewal not less than 60 days before the last day of the then-current Term (as then effective); or (ii) the Agreement is otherwise terminated as described in Section 5 hereof.

Term of Employment. The initial term of employment (the "Initial Term") of Employee's employment by Employer under this Agreement shall commence on November 5, 2012 (the "Commencement Date") and shall end one (1) year thereafter, unless earlier terminated as hereinafter provided. Unless either party elects to terminate this Agreement at the end of the Initial Term or any renewal term by giving the other party notice of such election at least ninety (90) days before the expiration of the Initial Term, this Agreement... shall be deemed to have been renewed for an additional term of one (1) year commencing on the day after the expiration of the then current term and so on from year to year. Notwithstanding the foregoing, either party shall have the right to terminate this Agreement at any time for any reason or no reason upon thirty (30) days' prior written notice. In the event that Employer or Employee gives notice to terminate pursuant to the foregoing sentence, Employer may elect to have Employee cease working immediately so long as Employer continues to pay Employee his base salary in accordance with the provisions of Section (3)(a) hereof for the entire thirty (30) day notice period. In the event Employer elects to have Employee immediately cease working during the thirty (30) day notice period as provided in the foregoing sentence and Employee finds alternative employment that is not in violation of any provision herein, Employee may accept and engage in the alternative employment. In the event that Employee is terminated by Employer without Cause or Employer fails to renew this Agreement, or in the event that Employee resigns with Good Reason (as defined below), 2 then in any such event Employee shall be given (i) a severance payment in the amount that is equal to twelve (12) months of his then-current base salary, (ii) a payment equal to his accrued bonuses under this Agreement and (iii) a payment equal to twelve (12) months of applicable health insurance premiums (inclusive of dental and vision insurance) due under COBRA, provided that Employee first signs a Severance and Release Agreement in a form prescribed by Employer. The aforesaid severance payments shall be paid over twelve (12) months as any regular paycheck. Good Reason shall mean the occurrence of any of the events or conditions described in the following subsections: (a) a material dimunition in the Employee's title or responsibilities; (b) a material reduction in the Employee's then effective base salary; (c) any material breach by the Employer or any of its successors and assigns of this Agreement that is not cured within thirty (30) days after being given written notice of the facts comprising the alleged good reason; (d) the failure of the Employer's successors and/or assigns to assume the obligations of the Employer under this Agreement, either by written agreement or by operation of law; or (e) the relocation of Employee's principal place of employment to a location that is more than fifty (50) miles "as the crow flies" from its current location. View More

Term of Employment. The term of employment (the "Term") shall commence on the Effective Date and shall continue until June 16, 2020, unless sooner terminated pursuant to Section 9 of this Agreement. Notwithstanding anything to the contrary contained herein, the provisions of this Agreement governing protection of Confidential Information shall continue in effect as specified in Section 5 hereof and survive the expiration or termination hereof. The Term may be extended for additional one (1) year periods upon mutual... written consent of Employee and the Board. View More

Term of Employment. During the Term, you agree to be a full-time employee of the Company serving in the position of Vice President-Chief Financial Officer, to devote substantially all of your working time and attention to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities associated with your position, to use your best efforts to perform faithfully and efficiently such responsibilities. In addition, you agree to serve in such other capacities or offices to which y...ou may be assigned, appointed or elected from time to time by the Board. Nothing herein shall prohibit you from devoting your time to civic and community activities or managing personal investments, as long as the foregoing do not interfere with the performance of your duties hereunder. View More

Term of Employment. The Executive's employment will be "at-will," meaning that either the Executive or the Company may terminate the Executive's employment at any time and for any reason, with or without cause.

Term of Employment. (a) Term of Employment. Subject to the provisions of Section 6 of this Agreement, Executive shall be employed by the Company for the period commencing on June 1, 2016 (the "Employment Date") and ending on December 31 2019 (such period, the "Employment Term") and on the terms and conditions set forth herein; provided, however, that commencing on December 31, 2019 and on each annual anniversary thereafter (each an "Extension Date"), the Employment Term shall be automatically extended for an additi...onal one-year period, unless either the Company or Executive provides the other party hereto three (3) months' prior written notice before the next Extension Date that the Employment Term shall not be so extended; provided, further, that any such notice of non-renewal shall be given in accordance with Section 12(g) of this Agreement. View More

Term of Employment. Specified Period. Company hereby employs Employee and Employee accepts employment with Company for a period of three years beginning on May 19, 2019 and terminating on May 17, 2022. b. Renewal. This Agreement is subject to automatic renewal upon the same terms and conditions as set forth herein, unless either this Agreement is terminated pursuant to Section 8 hereof or a Party gives written notice to the other Party of its intent to terminate, at least 30 days prior to expiration of the then-cur...rent term. Employment Term Defined. "Employment term" refers to the entire period of employment of Employee by Company, whether for the period provided above, or whether terminated earlier as hereinafter provided or extended by mutual agreement between Company and Employee. 1 2. Duties and Obligations of Employee. Employee shall serve as Chief Financial Officer and shall report to the President. Employee may work from his home office. Employee shall faithfully and diligently perform all services and duties as may be requested and required of Employee by the President. Employee shall devote such time and attention on an exclusive basis to oversee the Company's Financial and Accounting operations. Employee at all times during the employment term shall strictly adhere to and obey all policies, rules and regulations established from time to time governing the conduct of employees of the Company. View More

Term of Employment. This Agreement may be terminated without notice by either party at any time for any reason. 3.2 The Salary set forth hereinabove shall be payable in accordance with the regular payroll practices of the Company for employees. All payments hereunder shall be subject to the provisions of Section 4 hereof. 3.3 Employee shall be eligible to participate in all health, medical, dental, life insurance and stock option employee benefits as are available from time to time to other key executive employees ...(and their families) of the Company. 3.4 Employee shall be entitled to 3 weeks of paid vacation per year. 3.5 In addition to Employee's Salary as stated herein, Employee shall be eligible for an annual discretionary bonus of up to 100% of Employee's Salary. In order to induce Company to enter into this Agreement, and to protect the Company's proprietary interest in its trade secrets and confidential information, Employee agrees that at all times during the Term of this Agreement, or any extension, renewal, modification or amendment of the same, and for a period of two years after the termination of this Agreement, Employee shall not directly or indirectly, without the prior written consent of Company, disclose or divulge to any third parties, or otherwise use or suffer to be used, any of the trade secrets and confidential information as described herein of Company. 5.2 All documents, records, tapes, and other media of every kind and description relating to the business, present or otherwise, of the Company or its subsidiaries and any copies, in whole or in part, thereof (the "Documents"), whether or not prepared by the Employee, shall be the sole and exclusive property of the Company. The Employee shall safeguard all Documents and shall surrender to the Company at the time his consultancy terminates, or at such earlier time or times as the Company may specify, all Documents then in the Employee's possession or control. View More

Term of Employment. Employee's Employment pursuant to the terms of this Agreement shall continue following the Effective Date hereof. Employee's employment and this Agreement may be terminated pursuant to the terms of this Agreement, or at any time, with or without Cause and with or without notice, by either Employee or Company. Employee specifically acknowledges and agrees that his employment under this Agreement is "at-will." This Agreement supersedes the Existing Agreement.