Active Employment. Executive must remain an active employee through the end of the bonus year. Executive forfeits any bonus for which he would otherwise be eligible, if his employment terminates for any reason before the end of the bonus year. No prorated bonus can be earned.
Active Employment. Active employment shall mean an instructional assignment or service to the College as detailed in an annual or quarterly contract.
Active Employment. Active employment for the purposes of this Section shall mean an instructional assignment or service to the College as detailed in an appointment notice during one (1) quarter out of every four (4), including summer quarter.
Active Employment a. The School District hereby employs Employee and the Employee herby accepts employment under the terms and conditions set forth in this agreement.
Active Employment. Notwithstanding Section 1 of Exhibit A to the Agreement, in the event of termination of the Optionee’s employment or service (whether or not in breach of local labor laws and whether or not later found to be invalid):
1.1 the Optionee’s right to vest in the Option, if any, will terminate effective as of the date that the Optionee is no longer actively employed or in service,
1.2 the Optionee’s right to exercise the Option after termination of employment or service, if any, will be measured by the date of termination of active employment or service, and
1.3 neither the right to vest nor the right to exercise will be extended by any notice period mandated under local law (e.g., active employment or service would not include a period of “garden leave” or similar period pursuant to local law). The Committee shall have the exclusive discretion to determine when the Optionee is no longer actively employed or in service for purposes of the Option.
Active Employment. During the Regular Period, Xx. Xxxxxxxxxx will be deemed a part-time employee performing less than thirty (30) hours of work per week for the Company and will not be required to perform such work at the premises of the Company, except as reasonably requested by the President or Chief Executive Officer of the Company. Xx. Xxxxxxxxxx’x access to the Company’s property and systems will cease as of the conclusion of the Regular Period.
Active Employment. The Company agrees to employ Employee, and Employee agrees to be employed by the Company, as Chief Executive Officer and President of the Company during the term of employment.
Active Employment. Notwithstanding Section 1 of Exhibit A to the Agreement, in the event of termination of the Optionee’s employment or service (whether or not in breach of local labor laws):
1.1 the Optionee’s right to vest in the Option, if any, will terminate effective as of the date that the Optionee is no longer actively employed or in service,
1.2 the Optionee’s right to exercise the Option after termination of employment or service, if any, will be measured by the date of termination of active employment or service, and
1.3 neither the right to vest nor the right to exercise will be extended by any notice period mandated under local law (e.g., active employment or service would not include a period of “garden leave” or similar period pursuant to local law). The Committee shall have the exclusive discretion to determine when the Optionee is no longer actively employed or in service for purposes of the Option.
Active Employment. Except as otherwise provided in Section 3 of this Agreement, the Employee must be actively employed at the time any installment of the Retention Bonus is paid.
Active Employment. Corporation agrees to employ Employee as President and Chief Executive Officer for a period of 10 years commencing November 1, 1985 through October 31, 1995. Such employment period as it may be extended or reduced pursuant to paragraph 6(b) hereof is referred to as the "Active Employment Period". Employee accepts this employment and agrees during the Active Employment Period to devote his entire time and energy during usual business hours to the affairs of Corporation. The duties and responsibilities of Employee during the Active Employment Period shall be to manage and direct the affairs of Corporation, and shall be rendered in the Troy, Michigan area.
