CEO Term Sample Clauses

CEO Term. IEC agrees to employ Executive as CEO, and Executive agrees to be so employed by IEC pursuant to this Agreement for a period commencing on the date hereof (the “Effective Date”) and ending on December 31, 2010, or such date as may be mutually agreed between the parties unless earlier terminated as provided herein (the “CEO Term”).
Sample 1
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CEO Term. With respect to the CEO Term, the Executive shall participate in The Neiman Marcus Group, Inc. 1997 Incentive Plan (or any successor plan) in a manner that is consistent with the participation of other senior executives of NMG.
Sample 1
CEO Term. From the date hereof until the earlier of January 31, 2017 or the Separation Date (the “ CEO Term”), you shall continue to (i) be the Chief Executive Officer and Chairman of the Board of the Company, and (ii) have the duties and authorities consistent with your current position, provided that you shall focus additionally on completing the Separation and assisting with the search for a new Chief Executive Officer of RemainCo, and such other duties and responsibilities as reasonably requested by the Board.
Sample 1
CEO Term. Executive's employment as President and Chief Executive -------- Officer of the Company pursuant to this Agreement shall commence on March 5, 2001 (the "Effective Date") and shall continue, unless otherwise terminated as provided herein, until March 4, 2003 (the "CEO Term").
Sample 1
CEO Term. Executive shall remain employed as CEO of the Company from the Effective Date of this Agreement until the first to occur of the following (i) the first anniversary of the Effective Date (the “First Anniversary Date”), (ii) the date the Company’s Board identifies a new CEO, or (iii) the date Executive’s employment is terminated by the Board with or without Substantial Cause (the “CEO Term”). Notwithstanding the foregoing, if Executive’s employment as CEO is terminated by the Board without Substantial Cause prior to March 31, 2024, then Executive will be treated as though the CEO Term had continued through March 31, 2024 for purposes of Executive’s 2023 annual bonus and for purposes of equity award vesting, as contemplated by Section 2(a) of this Agreement. During the CEO Term, Executive shall continue to receive Executive’s base salary in effect as of the date of this Agreement (and such base salary may not be reduced during the CEO Term). Should the Board elect (in its sole discretion) to terminate the CEO Term prior the First Anniversary Date, unless such termination is due to the termination of Executive’s employment for Substantial Cause (as defined below), the Company shall pay Executive a lump sum payment, subject to all applicable deductions and withholdings, equal to the base salary and owed Paid Time Off (PTO) Executive would have earned pursuant to this Section 1(a) between the date the CEO Term is terminated by the Board and the First Anniversary Date; provided that Executive first executes and effectuates a general release of claims in favor of the Company and its affiliates in a form substantially similar to the draft attached as Exhibit A, and such release becomes effective and no longer subject to revocation by Executive within sixty (60) days of the date the CEO Term is terminated. Such lump sum payment shall be paid by the Company no later than the second regularly scheduled Company payroll date following the date such release becomes effective and no longer subject to revocation by Executive. For the avoidance of doubt, if Executive’s employment terminates during the CEO Term due to the election of the Board for Substantial Cause or due to Executive’s voluntary resignation, then Executive shall not be entitled to any further payments under this Section 1(a). At the conclusion of the CEO Term, Executive hereby resigns all board and officer positions Executive holds with the Company and its affiliates and agrees to execute any documentation ...
Sample 1
CEO Term 
Sample 1

Related to CEO Term

  • Initial Term This Agreement shall become effective as of the date first written above (the “Start Date”) and shall continue thereafter throughout the period that ends two (2) years after the Start Date (the “Initial Term”).

  • Election Not to Extend the Employment Term In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • ENGAGEMENT TERM The Placement Agent’s engagement hereunder will be until the earlier of (i) sixty (60) days and (ii) the Closing Date. The date of termination of this Agreement is referred to herein as the “Termination Date.” In the event, however, in the course of the Placement Agent’s performance of due diligence it deems it necessary to terminate the engagement with respect to itself, such Placement Agent may do so prior to the Termination Date. The Company may elect to terminate the engagement hereunder for any reason prior to the Termination Date but will remain responsible for fees and expenses pursuant to Section 3 hereof and fees with respect to the Securities if sold in the Placement. Notwithstanding anything to the contrary contained herein, the provisions concerning the Company’s obligation to pay any fees actually earned pursuant to Section 3 hereof, to pay expenses pursuant to Section 3 hereof, and the provisions concerning confidentiality, indemnification and contribution, and no fiduciary relationship and governing law (including the waiver of the right to trial by jury) contained herein will survive any expiration or termination of this Agreement. If this Agreement is terminated prior to the completion of the Placement, all fees and expenses due to the Placement Agent shall be paid by the Company to the Placement Agent on or before the Termination Date (in the event such fees are earned or owed as of the Termination Date). The Placement Agent agrees not to use any confidential information concerning the Company provided to such Placement Agent by the Company for any purposes other than those contemplated under this Agreement.

  • Expiration of the Employment Period If Executive’s employment terminates by reason of the expiration of the Employment Period pursuant to Section 1 as a result of the Company’s or Executive’s non-extension, then the Company will provide Executive with the Accrued Obligations. Thereafter, the Company Group shall have no further obligation to Executive or Executive’s legal representatives.

  • SERVICES TERM The performance of the Services shall commence on the Distribution Date and, unless earlier terminated pursuant to Section 4.2 or 4.3, shall terminate on the earlier of (i) December 31, 2007, or (ii) such earlier date as may be expressly provided for in the relevant Schedule hereto (the “Services Term”).

  • Term of Engagement This Agreement will remain in effect for 12 months from the date of this Agreement. The parties hereto may terminate or extend this Agreement at any time by written consent.

  • Employment Period; Remaining Unexpired Employment Period (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to Section 2(b).

  • Continued Employment Beyond the Expiration of the Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 10, 11 and 12 of this Agreement shall survive any termination of this Agreement or Executive’s Termination of Employment hereunder.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • Contract Term The Contract Term shall mean the period of time commencing on the date of a Change in Control and ending on the Expiration Date.

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