Change in Relationship Sample Clauses

Change in Relationship. (a) Upon the terms and conditions set forth in this Amendment, Sahady hereby resigns and xxx Xompany hereby accepts the resignation of Sahady as an Executive Vxxx Xresident of Isolyser and the President of MedSurg and Creative Research. (b) Sahady hereby resigns as x xxxector of Isolyser, MedSurg and Creative Research. Sahady has concurrently xxxxxted and delivered to the Company his letter of resignation from such directorships in the form attached hereto at Exhibit A and incorporated herein by reference. (c) For the balance of the term of the Employment Agreement (namely, through December 31, 1996) and continuing thereafter until December 31, 1997, Sahady shall continue xx xx employee of Isolyser with the title of "Special Assistant to the Chief Executive". As such, he shall assist the Company faithfully and diligently to achieve its business objectives as may from time to time be requested by the president and chief executive officer of Isolyser, and shall take no action which would be contrary to such objectives. Sahady, however, shall nxx xx required to perform duties at variance to duties assigned to senior executive level personnel of the Company. As such Special Assistant, Sahady shall no longer haxx xxx policy-making or staff authority on behalf of the Company and shall have no authority to bind the Company to any obligations. (d) Section 4 of the Employment Agreement captioned "Duties" is hereby deleted. Sahady shall not be requixxx xx devote his full working time and attention to the business of Isolyser, and may be engaged in other activities, to which he shall be entitled to devote a substantial portion of his time.
Sample 1
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Change in Relationship. Nothing in this Agreement shall be construed in any way as an admission by either Party of any acts of wrongdoing, violation of any statute, law or legal or contractual right. Employee represents to Matador that he has faithfully fulfilled his duties under the Employment Agreement to date and both parties intend to enter into an arrangement whereby Employee will provide certain services to Matador on a consulting basis.
Sample 1
Change in Relationship. Either Party may terminate this Agreement in the event of a determination by a court, agency, or other competent authority that the relationship between FXG and PLU is contrary to the intention of the Parties as set forth in Section 1.2.
Sample 1
Change in Relationship. Seller has no knowledge, whether on account of the transactions contemplated hereby or otherwise: that (i) any material customer, agent, or representative of the Business intends to discontinue or substantially diminish or change its relationship in any materials respect with the Business or the terms thereof or reduce the amount of its purchase of goods or services from the Business; (ii) the ability and opportunity of the Business to purchase supplies and materials in quantities adequate to its business as now conducted will be impaired in any material respect; (iii) any supplier intends to increase prices or charges for goods or services presently supplied and material to the Business; or (iv) any officer or key employee of the Business intends to terminate his or her employment.
Sample 1
Change in Relationship. Either Party may terminate this Agreement in the event of a determination by a court, agency, or other adjudicative body in any jurisdiction that this Agreement or other similar Agreements with other independent service providers does not create the relationship of motor carrier and independent contractor, such determination being contrary to the intention of the Parties expressed in Section 1.2.
Sample 1

Related to Change in Relationship

  • Lending Relationship Except as disclosed in the Registration Statement, the General Disclosure Package and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of any Underwriter and (ii) does not intend to use any of the proceeds from the sale of the Securities to repay any outstanding debt owed to any affiliate of any Underwriter.

  • Termination of Relationship If Optionee terminates Continuous Status as an Employee or Consultant for any reason, Optionee may exercise this Option during the Termination Period set out in the Notice of Grant, to the extent the Option was vested at the date of such termination. To the extent that Optionee was not vested in this Option at the date on which Optionee terminates Continuous Status as an Employee or Consultant, or if Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • INDEPENDENT RELATIONSHIP This Agreement is not intended to constitute, create, give effect to or otherwise recognize a joint venture, partnership, or formal business organization, or agency agreement of any kind, and the rights and obligations of the Parties shall be only those expressly set forth herein.

  • Termination of Service Relationship If the Optionee’s Service Relationship terminates, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below.

  • Nature of Relationship The parties agree the relationship created by this Agreement is that of independent contractor. In performing all of the Services, Provider shall be, and at all times is, acting and performing as an independent contractor with District, and not as a partner, coventurer, agent, or employee of District, and nothing contained herein shall be construed to be inconsistent with this relationship or status. Provider is not granted any right or authority to assume or to create any obligation or responsibility, express or implied, on behalf of or in the name of District or to bind the District in any manner. Except for any materials, procedures, or subject matter agreed upon between Provider and District, Provider shall have complete control over the manner and method of performing the Services. Provider understands and agrees to independent contractor status. Provider understands and agrees that the filing and acceptance of this Agreement creates a rebuttable presumption and that the Provider, officers, agents, employees, or subcontractors of Provider are not entitled to coverage under the California Workers’ Compensation Insurance laws, Unemployment Insurance, Health Insurance, Pension Plans, or any other benefits normally offered or conveyed to District employees. Provider will be responsible for payment of all Provider employee wages, payroll taxes, employee benefits, and any amounts due for federal and state income taxes and Social Security taxes. These taxes will not be withheld from payments under this agreement.

  • Reporting Relationship Executive shall report to the Company’s chief executive officer.

  • General Relationship Executive shall be considered an employee of the Company within the meaning of all federal, state and local laws and regulations including, but not limited to, laws and regulations governing unemployment insurance, workers’ compensation, industrial accident, labor and taxes.

  • Consulting Relationship During the term of this Agreement, Consultant will provide consulting services to the Company as described on Exhibit A hereto (the “Services”). Consultant represents that Consultant is duly licensed (as applicable) and has the qualifications, the experience and the ability to properly perform the Services. Consultant shall use Consultant’s best efforts to perform the Services such that the results are satisfactory to the Company.

  • Banking Relationship Borrower shall at all times maintain its primary banking relationship with Silicon.

  • No Employment Relationship Whether or not any Options are to be granted under this Plan shall be exclusively within the discretion of the Plan Administrator, and nothing contained in this Plan shall be construed as giving any person any right to participate under this Plan. The grant of an Option shall in no way constitute any form of agreement or understanding binding on the Company or any Related Company, express or implied, that the Company or any Related Company will employ or contract with an Optionee, for any length of time, nor shall it interfere in any way with the Company’s or, where applicable, a Related Company’s right to terminate Optionee’s employment at any time, which right is hereby reserved.

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