Continued Employment Period Sample Clauses

Continued Employment Period. No provision contained in this Agreement shall be construed as conferring upon Indemnitee any right with respect to continuance of performance of services for the Company, nor shall any such provisions interfere in any way with the right of the Company to terminate Indemnitee’s services at any time with or without cause.
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Continued Employment Period. Subject to and in accordance with the terms of this Agreement, Safeway agrees to employ Xxxxx in her current capacity of Executive Vice President and Chief Administrative Officer (EVP – CAO), from the date of the Xxxxx’x execution of this Agreement until the date her employment is terminated by Xxxxx or Safeway (“Severance Date”). Subject to and without waiving the provisions of Paragraph 9 below, Safeway further agrees that it will not terminate Xxxxx’x employment before the Closing Date unless the termination is for Cause, as those terms are defined in Paragraph E below. The time period identified in this Paragraph A shall be referred to as the Continued Employment Period. During the Continued Employment Period, Safeway shall have the right in its discretion to place Xxxxx on Paid Leave of Absence, during which she will remain eligible for benefits in accordance with Paragraph C, below, and which shall not affect the consideration provided for under this Agreement.
Sample 1
Continued Employment Period. (a) During the Continued Employment Period, the provisions of Article I of the Employment Agreement remain in full force and effect. During the Continued Employment Period, Employee shall assist Employer in the process of transitioning the position of Chief Financial Officer of Employer to a successor and shall consult with the Board of Directors of Employer and with any successor Chief Financial Officer regarding such transition and any matters as Employer may from time to time reasonably request. (b) During the Continued Employment Period, the provisions of Article II of the Employment Agreement remain in full force and effect, except as otherwise provided herein. Employee shall not be eligible to receive any new grants of equity incentive awards by Employer and shall not be entitled to any bonus or other cash incentive compensation except as otherwise expressly set forth in Section 4 of this Agreement. (c) Following the date of execution of this Agreement, Employee shall have no rights to resign employment for Good Reason or to receive any of the severance benefits contained in Section 4.6 of the Employment Agreement. During the Continued Employment Period, Employee’s employment may only be terminated by the Company for Cause as a result of events or actions occurring after the date of this Agreement or due to Employee’s death.
Sample 1
Continued Employment Period. Subject to my agreeing to this Agreement and its timely execution, I understand and agree that I shall remain an employee of the Company through May 17, 2022 (“Continued Employment Period”), unless terminated early as provided herein. During this Continued Employment Period: (1) I will be permitted to continue to hold myself out and represent my role as Executive Vice President, Research and Development. (2) I will continue to receive my base salary, as in place as of the Effective Date, paid on the same schedule as I have been paid. (3) I will be permitted to participate in the Company’s 401K program, on the same terms as applicable to all fulltime employees of the Company. (4) I will continue to receive medical, dental, prescription drug and vision care group health plans at the same level of coverage (or equivalent coverage as offered by the Company) as of the Effective Date. (5) I will perform duties as directed by the Company to effectuate a smooth transition of my responsibilities to others. (6) I will not be expected to nor come into the office unless requested by the Company. (7) I will continue to vest any equity award at the same rate as set forth my Option Agreement and Stock Option Grant Notice (collectively “Equity Agreement”). (8) I will continue to be subject to the applicable sections of my Employment Agreement, including Section 5 “Termination of Employment” and the at will status of my employment. However, I understand and agree that if I decide to end my employment early during the Continued Employment Period, I shall only receive my continued base salary through the date of that notice and will not have any rights to any other consideration or benefits provided for in this Agreement.
Sample 1
Continued Employment Period. During the Continued Employment Period, Preston shall perform such duties and have such responsibilities as may be assigned to him from time to time by the Company’s President and Chief Executive Officer (including, but not limited to, transition and assisting and counseling his successor Chief Financial Officer). During the Continued Employment Period, the Company shall continue to pay Preston his current base salary in accordance with the Company’s standard payroll practices. Preston will not be eligible for any bonus for calendar year 2012. Preston has previously received certain equity awards, including a grant on or about October 4, 2011 and another grant on or about March 9, 2012 that vest over time. Preston acknowledges that, as a result of his voluntary resignation, he will forfeit all equity awards that are not vested when Preston ceases to be an employee of the Company. Nothing in this Resignation Agreement (including, the terms of Paragraphs 1 and 2) shall in any way be interpreted or construed as a “Good Reason” event as defined in Section 5(d) of the Employment Agreement or otherwise require the Company to pay to Preston the post-employment severance amounts set forth in Section 6(e) of the Employment Agreement.
Sample 1
Continued Employment Period. For a period beginning on the Transition Date and ending on March 31, 2009 (the “Continued Employment Period”), Executive agrees to serve as an advisor to the Acting President or his successor, on an as needed and as requested basis (no more than seven hours in any one week or more than 30 hours in any one month), as an employee (and not as an independent contractor), to assist in the transition of Executive’s duties to other Company employees. Executive will be paid a salary during the Continued Employment Period of $7,500 per month. Executive shall provide such advisory services solely at the request of Xxxxxxx X. Xxxxxx and/or any another person designated by the Board of Directors. The parties each acknowledge that during the 36-month period preceding the Transition Date, Executive worked in excess of 50 hours per week.
Sample 1

Related to Continued Employment Period

  • Continued Employment The Option granted hereunder shall confer no right on Optionee to continue in the employ of the Company or any Subsidiary, or limit in any respect the right of the Company or any Subsidiary (in the absence of a specific agreement to the contrary) to terminate Optionee's employment at any time.

  • Termination of Employment Period The Agreement Term shall terminate upon the occurrence of any of the following:

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • 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). (b) Beginning on the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day each day, unless either the Company and the Bank, acting jointly, or the Executive elects not to extend the Agreement further by giving written notice to the other parties, in which case the Employment Period shall end on the third anniversary of the date on which such written notice is given. For all purposes of this Agreement, the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on: (i) if a notice of non-extension has been given in accordance with this Section 2(b), the third anniversary of the date on which such notice is given; and (ii) in all other cases, the third anniversary of the date as of which the Remaining Unexpired Employment Period is being determined. Upon termination of the Executive’s employment with the Company and the Bank for any reason whatsoever, any daily extensions provided pursuant to this Section 2(b), if not therefore discontinued, shall automatically cease. (c) Subject to Section 3, nothing in this Agreement shall be deemed to prohibit the Company or the Bank from terminating the Executive’s employment at any time during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company, the Bank and the Executive in the event of any such termination shall be determined under this Agreement.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • Continuing Employment (a) Continuing employment means full-time or fractional-time employment that does not have a fixed end date or a contingency upon which the employment contract will come to an end. (b) All employment other than fixed-term employment and casual employment will be continuing employment. (c) Notwithstanding subclause 16.0(b) above, the University may employ a person in Continuing (Contingent Funded Research) employment on a full-time or fractional-time basis in accordance with the terms of this Agreement.

  • Employment Period The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the third anniversary of such date (the "Employment Period").

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