During the Extended Clause Samples
The "During the Extended" clause defines the rights, obligations, or conditions that apply during a specified extension period of an agreement or contract. Typically, this clause outlines what terms remain in effect, any changes to responsibilities, or how certain provisions are handled while the contract is extended beyond its original term. For example, it may specify continued payment terms, service levels, or notice requirements during the extension. The core function of this clause is to ensure continuity and clarity regarding the parties' relationship and obligations during any agreed-upon extension period, preventing misunderstandings or disputes about what rules apply.
During the Extended. Employment Period the Executive shall receive an Annual Base Salary and an Annual Bonus in such amounts as may be determined and awarded from time to time by the Board, but in no event shall the Annual Base Salary be less than the amount paid the Executive for 1996.
During the Extended. Employment Period, Executive shall perform general advisory duties for the Company for a minimum of one (1) eight (8) hour day per calendar month or as mutually agreed upon by Executive and the Company. It is acknowledged and agreed that Executive shall not be an executive officer of the Company during the Extended Employment Period, and shall not be subject to the Company's policy restricting the sale of securities by the Company's officers and employees; provided, however, that Executive shall comply with all trading restrictions as may be applicable under federal and state securities laws. During the Extended Employment Period, Executive will not be required to travel from his place of employment in Marietta, Georgia (or such other location as Executive may designate in writing from time to time) on Company business without Executive's consent. Executive shall receive the Additional Employment Payments and the benefits provided for in this Section 2.08 during the Extended Employment Period regardless of whether the Company requests Executive to perform advisory services. Executive shall voluntarily resign from the Board of Directors of the Company effective as of the commencement of the Extended Employment Period.
During the Extended. Employment Term, CMC will permit you to attend in-house training and educational programs and shall reimburse any professional society dues up to a limit of $250 per year.
During the Extended. Employment Period it shall not be a violation of the Employment Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions, and (iii) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Termination Agreement. It is expressly understood and agreed that, to the extent that any activities have been conducted by the Executive prior to the Extension Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Extension Date shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.