Common use of Annual Objectives Clause in Contracts

Annual Objectives. Executive acknowledges that the Board, in consultation with Executive, will establish annual objectives for Executive. Executive agrees to use his best efforts to substantially achieve these annual objectives, provided, however, that the failure to achieve these annual objectives shall not, by itself, constitute a breach of this Agreement and shall not, by itself, give rise to a termination for Cause.

Appears in 4 contracts

Samples: Employment Agreement (Intellect Neurosciences, Inc.), Employment Agreement (Medusa Style Corp), Employment Agreement (Intellect Neurosciences, Inc.)

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