Continuing Role Sample Clauses

Continuing Role. Subject to the Limited Liability Company Agreement, Executive will continue to serve on Colt’s Governing Board after August 20, 2013. Executive specifically acknowledges that (i) no commitment has been made regarding the length of time that his service on the Governing Board will continue and (ii) he may be removed at any time without cause in accordance with the Limited Liability Company Agreement. Other than that role, after August 20, 2013, the Executive will not represent himself as being an employee, officer, trustee, agent or representative of Employer for any purpose. In addition, other than the role as a member Colt’s Governing Board, effective as of August 20, 2013, Executive resigns from all offices, directorships, trusteeships, committee memberships and fiduciary capacities held with, or on behalf of, Employer or any benefit plans of Employer. These resignations will become irrevocable as set forth in Section 5 below.
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Continuing Role. Subject to your continuous employment with the Company through the Effective Date and Cause not existing on the Effective Date, you agree to continue your employment with the Company as an advisor to the Company’s Chief Executive Officer (the “CEO”) and the Board of Directors of the Company (the “Board”), during the period commencing on the Effective Date and, unless your service is terminated earlier in accordance with this Agreement, ending on December 31, 2023 (the “Advisory Period”). The Advisory Period may be extended for successive one-month periods upon mutual agreement of the parties. For the avoidance of doubt, in no event will you have any policy making function during the Advisory Period and your role shall be limited to providing strategic and organizational advice to the CEO and the Board, providing industry expertise to the CEO and the Board and providing such other advisory services as the CEO and/or the Board may reasonably request from time to time. During the Advisory Period, you agree to devote at least fifty percent (50%) of your business time and attention to your work for the Company. Except upon the prior written consent of the Board, you will not, during your employment with the Company, (i) accept or maintain any other employment, or (ii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that might interfere with your duties and responsibilities as a Company employee or create a conflict of interest with the Company or any of its direct or indirect subsidiaries or affiliates (collectively, the “Company Group”). The Company agrees that your previously disclosed board positions with AltPep Corporation and the F▇▇▇▇▇ Foundation do not violate or breach the obligations under this Section 1.
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Continuing Role. You agree to continue your employment with the Company as an advisor to the new Chief Executive Officer, ▇▇. ▇▇▇▇▇ ▇▇▇▇▇▇ (the “CEO”) from August 1, 2021 through December 31, 2022 (the “Transition Period”). You will make reasonable efforts to be available to provide the advisory services upon reasonable advance notice as requested by the CEO. You agree to devote your full business time and attention to your work for the Company through December 31, 2021, and fifty percent (50%) of your business time and attention to your work for the Company through the remainder of the Transition Period. Except upon the prior written consent of the Board of Directors of the Company (the “Board”), you will not, during your employment with the Company, (i) accept or maintain any other employment, or (ii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that might interfere with your duties and responsibilities as a Company employee or create a conflict of interest with the Company. The Company agrees that your previously disclosed board positions with AltPep Corporation and the ▇▇▇▇▇▇ Foundation do not violate or breach the obligations under this Section 1.
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Continuing Role. You agree to continue your employment with the Company on a full-time basis as Chief Financial Officer and Principal Financial Officer through June 30, 2022, at which time you shall resign from those positions and all other officer or director positions you may hold with the Company’s affiliates. During the period commencing on July 1, 2022 and ending December 31, 2022 (the “Transition Period”) you shall continue your employment as a special advisor to the new Principal Financial Officer of the Company. During the Transition Period, you will make reasonable efforts to be available to provide the advisory and transition services with regard to the business and operations of the Company upon reasonable advance notice as requested by the Chief Executive Officer or the Principal Financial Officer. Except upon the prior written consent of the Board of Directors of the Company (the “Board”), you will not, during your employment with the Company, (a) accept or maintain any other employment, or (b) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that might interfere with your duties and responsibilities as a Company employee or create a conflict of interest with the Company.
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Related to Continuing Role

  • Continuing Coverage If a letter of assurance is obtained from any insurer under a Hazard Insurance policy or a Flood Insurance policy that the insurance coverage shall continue in full force and effect, the Servicer shall deposit such letter in the appropriate Servicer Mortgage Loan File.

  • Continuing Agreement (a) This Pledge Agreement shall be a continuing agreement in every respect and shall remain in full force and effect so long as any of the Secured Obligations remain outstanding (other than any such obligations which by the terms thereof are stated to survive termination of the Loan Documents and any contingent indemnity obligations that are not yet due and payable) and until all of the commitments relating thereto have been terminated. Upon such payment and termination, this Pledge Agreement shall be automatically terminated and the Administrative Agent and the holders of the Secured Obligations shall, upon the request and at the expense of the Pledgors, (i) return all certificates representing the Pledged Capital Stock, all other certificates and instruments constituting Pledged Collateral and all instruments of transfer or assignment which have been delivered to the Administrative Agent pursuant to this Pledge Agreement and (ii) forthwith release all of its liens and security interests hereunder and shall execute and deliver all UCC termination statements and/or other documents reasonably requested by the Pledgors evidencing such termination. Notwithstanding the foregoing, all releases and indemnities provided hereunder shall survive termination of this Pledge Agreement. (b) This Pledge Agreement shall continue to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any holder of the Secured Obligations as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be restored or returned, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Administrative Agent or any holder of the Secured Obligations in defending and enforcing such reinstatement shall be deemed to be included as a part of the Secured Obligations.

  • Continuing Rights The rights and powers of Lender hereunder shall continue and remain in full force effect until the Loan is paid in full.

  • Continuing Operation Except as specifically provided in this Section 10, the termination of Executive's employment or of this Agreement shall have no effect on the continuing operation of this Section 10.

  • Continuing Contract Upon the recommendation of the Superintendent that a member eligible for continuing contract status be re-employed, and approval by the Board of Education, as prescribed and in compliance with the Ohio Revised Code, of the Superintendent’s recommendation, a continuing contract shall be entered into between the Board and the member. Teachers eligible for continuing service status are those teachers qualified as described below, who within the last five years have taught for at least three years in the District, and those teachers who, having attained continuing contract status elsewhere, have served two years in the District. In order to be eligible for the granting of a continuing contract, the bargaining unit member must have on file with the Board by March 20 of the year of tenure eligibility either: a. A Professional, Permanent or Life teacher’s certificate issued upon application submitted to the State Board of Education prior to September 1, 1998 or renewed or upgraded subsequent to September 1, 1998 in accordance with Ohio Revised Code 3319.22; or b. A Professional Educator’s License issued after October 29, 1996 and proof of at least one of the following: i. If a master’s degree was not held at the time of initially receiving a teaching certificate or an educator’s license, thirty (30) semester hours of course work in the area of licensure or in an area related to the teaching field since the initial issuance of such certificate or license; or ii. If a master’s degree was held at the time of initially receiving a teaching certificate or an educator’s license, six (6) semester hours of graduate course work in the area of licensure or in an area related to the teaching field since the initial issuance of the teaching certificate or license; or iii. A teacher holding a senior professional educator license or a lead professional educator license issued under the licensure provisions of the ORC. c. For bargaining unit members initially licensed after January 1, 2011, continuing contract eligibility is met if the teacher: i. Holds a professional, senior professional or lead professional license; ii. Has held an educator’s license for at least seven (7) years; and iii. Has completed either of the following: a. If the bargaining unit member did not hold a master’s degree at the time of initially receiving an educator license, thirty