ACCEPTANCE OF OTHER EMPLOYMENT Sample Clauses

ACCEPTANCE OF OTHER EMPLOYMENT. 9.1 Neither the CITY ENGINEER, the ASSISTANT CITY ENGINEER, nor the CONSULTING ENGINEER shall, without the consent of Council, during the term of this Agreement, accept any employment from any firm or corporation engaged in the business of establishing subdivisions or erecting buildings, or under contract for any public improvement, within the City of North Royalton. The CITY ENGINEER, the ASSISTANT CITY ENGINEER, and the CONSULTING ENGINEER have been advised to comply with ORC 102.02 concerning refraining from any private work on City improvement projects for a certain time period as specified in the aforementioned statute.
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ACCEPTANCE OF OTHER EMPLOYMENT. In the event that Executive elects to terminate this Agreement by accepting employment with any other business enterprise, and provided that Company's board of directors has first determined, in its sole discretion, that such business enterprise is a non- competing business and therefore consents to Executive's termination prior to the end of the term of this Agreement, Executive shall be entitled to receive the lump sum payment specified in Section 2.3, above, not later than ten (10) days following receipt of written notice from Executive of his decision to accept such other employment. In the event that Executive elects to terminate this Agreement by accepting such other employment, Executive agrees that from and after the date of receipt by Company of his written notice to Company of such decision, Company shall have no obligation whatsoever to pay him any further amount under this Agreement (save only the lump sum payment as provided herein), and further agrees that any stock options or restricted stock grants that have not vested according to the time-based vesting schedule specified in each of Executive's stock option agreements or restricted stock award agreements, by the date of written notice from Executive of his decision to accept such other employment, shall lapse.
Sample 1
ACCEPTANCE OF OTHER EMPLOYMENT. Until March 31, 2008, you will not accept employment from or provide any service to any other entity or person and will not serve as a consultant to or independent contractor for any other entity or person. You may serve as a member of non-Lockheed Xxxxxx boards of directors, whether for profit or not for profit entities, provided that the Corporation determines that your service on those boards of directors does not create any actual or apparent conflict of interest with the Corporation; provided however, that the Corporation has consented to your service as a member of the Board of Directors of Hovanian Enterprises and Xxxxxxx Corporation. Notwithstanding the foregoing, if you desire to accept employment with any other entity or person or desire to serve as a consultant or independent contractor to any other entity or person prior to March 31, 2008, you may do so provided that you give advance written notice to the Senior Vice President, Human Resources, in which case (a) your employment by the Corporation will terminate on the date you begin such employment or begin any such engagement as a consultant or independent contractor; (b) on the date on which you begin such employment or begin any such engagement as a consultant or independent contractor, the Corporation will cease payment to you of any remaining salary that you otherwise would have been paid through March 31, 2008; (c) the date on which you begin such employment or begin any such engagement as a consultant or independent contractor will be deemed to be your employment termination date for purposes of applying the terms of the award agreements pursuant to which you were granted restricted stock units (“RSUs”), restricted stock awards (“RSAs”), stock options and long term incentive performance awards (“LTIPs”) to determine your vested interest or other rights with respect to any such RSUs, RSAs, stock options or LTIPs granted to you under the applicable incentive plans of the Corporation, with the result that you will forfeit any RSUs, RSAs, options and LTIPs that under the terms of the applicable agreement are subject to forfeiture or are not vested as of that date; (d) the date on which you begin such employment or accept any such engagement as a consultant or independent contractor will be the date on which all benefits cease to which you are entitled by participation as an employee in the Corporation’s employee benefit plans, except that the Corporation will pay you, subject to applicable w...
Sample 1
ACCEPTANCE OF OTHER EMPLOYMENT. 9.1 Neither the CITY ENGINEER, the ASSISTANT CITY ENGINEER, nor the CONSULTING ENGINEER shall, without the consent of Council, during the term of this Agreement, accept any employment from any firm or corporation engaged in the business of establishing subdivisions or erecting buildings, or under contract for any public improvement, within the City of Xxxxxxxxxx Hills. The CITY ENGINEER, the ASSISTANT CITY ENGINEER, and the CONSULTING ENGINEER out of or relating to this Agreement or the breach of it will be decided by mediation if the parties hereto mutually agree, or in a court of competent jurisdiction within the State of Ohio, County of Lake.
Sample 1

Related to ACCEPTANCE OF OTHER EMPLOYMENT

  • Acceptance of Employment The Adviser hereby accepts such employment and agrees during the term hereof to render the services described herein for the compensation provided herein, subject to the limitations contained herein.

  • Employment; Acceptance of Employment Company hereby employs Executive and Executive hereby accepts employment by Company for the period and upon the terms and conditions hereinafter set forth.

  • Other Employment Executive shall not be obligated to seek other employment in mitigation of the amounts payable or arrangements made under this section 3, and the obtaining of any such other employment shall in no event result in any reduction of Company’s obligations to make the payments and arrangements required to be made under this section 3, except to the extent otherwise specifically provided in this Agreement.

  • Acceptance and Term of Employment The Company agrees to employ Executive and Executive agrees to serve the Company on the terms and conditions set forth herein. The Term of Employment hereunder shall commence on the Effective Date and shall continue until terminated as provided in Section 8 hereof.

  • No Other Employment During his employment with the Company, the Executive shall not, except as otherwise provided herein, directly or indirectly, render any services of a commercial or professional nature to any other person or organization, whether for compensation or otherwise, without the prior written consent of the Executive Committee or the Board.

  • Continuance of Employment/Service Required; No Employment/Service Commitment The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 4 below or under the Plan. Nothing contained in this Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Subsidiaries, affects the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon the Grantee any right to remain employed by or in service to the Corporation or any Subsidiary, interferes in any way with the right of the Corporation or any Subsidiary at any time to terminate such employment or service, or affects the right of the Corporation or any Subsidiary to increase or decrease the Grantee’s other compensation.

  • Application for Employment Employee understands and agrees that, as a condition of this Agreement, Employee shall not be entitled to any employment with the Company, and Employee hereby waives any right, or alleged right, of employment or re-employment with the Company. Employee further agrees not to apply for employment with the Company and not otherwise pursue an independent contractor or vendor relationship with the Company.

  • EXPIRATION OF EMPLOYMENT TERM; NON-EXTENSION OF AGREEMENT Upon the expiration of the Employment Term due to a non-extension of the Agreement by the Company or the Employee pursuant to the provisions of Section 2 hereof.

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