Common use of Duties During Renewal Term Clause in Contracts

Duties During Renewal Term. During the Renewal Term, the Executive shall continue to be employed by the Corporation as Executive Vice President, Chief Administrative Officer, General Counsel and Corporate Secretary until such time as one or more successors are appointed. In the event successors are appointed during the Renewal Term, the Executive will continue to be the Corporate Secretary for the remainder of the Renewal Term, and will continue to be employed by the Corporation for the remainder of the Renewal Term as a member of the Corporation's Executive Committee, reporting directly to the Chief Executive Officer, with such authority, duties, responsibilities and title as the Chief Executive Officer shall determine and which are not inconsistent with the terms of this Agreement. The provisions of Section 2(b) of this Agreement shall continue to remain in full force and effect during the Renewal Term. During the Renewal Term and thereafter, the Executive may continue to use and thereafter to retain miscellaneous personal property in his possession. The Executive and the Corporation agree that the appointment of one or more successors to the Executive during the Renewal Term shall not be treated as Good Reason under this Agreement (but any such appointment before the end of the Renewal Term will constitute Good Reason unless the Executive has recommended the successor thereby appointed or otherwise consents to such appointment).

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

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Duties During Renewal Term. During the Renewal Term, the Executive shall continue to be employed by the Corporation as Senior Executive Vice PresidentPresident responsible for finance and information technology, reporting to the current Chief Administrative Officer, General Counsel and Corporate Secretary Executive Officer until such time as one or more successors are a successor CEO is appointed. In Upon the event successors are appointed during the Renewal Termappointment of a successor CEO, the Executive will continue to be the Corporate Secretary for the remainder of the Renewal Term, and will continue to be employed following a transitional period of a duration and form determined by the Corporation for with the remainder consent of the Renewal Term Executive (not to be unreasonably withheld), the Executive will report to the Chairman of the Board as a member of the Corporation's Executive CommitteeOffice of the Chairman, reporting directly to and will no longer be responsible for or have any authority over the Chief Executive Officer, with such authority, duties, responsibilities and title as the Chief Executive Officer shall determine and which are not inconsistent with the terms of this Agreementabove-referenced functions. The provisions of Section 2(b) of this Agreement shall continue to remain in full force and effect during the Renewal Term, except as modified by this paragraph. During For the Renewal Term and thereafteravoidance of doubt, the Executive may continue to use and thereafter to retain miscellaneous personal property in his possession. The Executive and the Corporation agree that the appointment of one or more successors a successor to the current Chief Executive Officer during the Renewal Term shall not be treated as Good Reason under this Agreement (but any such appointment before Agreement, provided the end Corporation complies with terms of this paragraph. The Executive shall continue to serve as Vice Chairman of the Board during the Renewal Term will constitute Good Reason unless the Executive has recommended the successor thereby appointed or otherwise consents to such appointment)Term.

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

Duties During Renewal Term. During the Renewal Term, the Executive shall continue to be employed by the Corporation as Senior Executive Vice PresidentPresident responsible for legal affairs, human resources, communications and administration, reporting to the current Chief Administrative Officer, General Counsel and Corporate Secretary Executive Officer until such time as one or more successors are a successor CEO is appointed. In Upon the event successors are appointed during the Renewal Termappointment of a successor CEO, the Executive will continue to be the Corporate Secretary for the remainder of the Renewal Term, and will continue to be employed following a transitional period of a duration and form determined by the Corporation for with the remainder consent of the Renewal Term Executive (not to be unreasonably withheld), the Executive will report to the Chairman of the Board as a member of the Corporation's Executive CommitteeOffice of the Chairman, reporting directly to and will no longer be responsible for or have any authority over the Chief Executive Officer, with such authority, duties, responsibilities and title as the Chief Executive Officer shall determine and which are not inconsistent with the terms of this Agreementabove-referenced functions. The provisions of Section 2(b) of this Agreement shall continue to remain in full force and effect during the Renewal Term, except as modified by this paragraph. During For the Renewal Term and thereafteravoidance of doubt, the Executive may continue to use and thereafter to retain miscellaneous personal property in his possession. The Executive and the Corporation agree that the appointment of one or more successors a successor to the current Chief Executive Officer during the Renewal Term shall not be treated as Good Reason under this Agreement (but any such appointment before Agreement, provided the end Corporation complies with terms of this paragraph. The Executive shall continue to serve as Corporate Secretary during the Renewal Term will constitute Good Reason unless the Executive has recommended the successor thereby appointed or otherwise consents to such appointment)Term.

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

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Duties During Renewal Term. During the Renewal Term, the Executive shall continue to be employed by the Corporation as Executive Vice President, President and Chief Administrative Officer, General Counsel and Corporate Secretary Financial Officer until such time as one or more successors are a successor Chief Financial Officer is appointed. In the event successors are a successor Chief Financial Officer is appointed during the Renewal Term, the Executive will continue to be a member of the Corporate Secretary Corporation's Board of Directors for the remainder of the Renewal Term, and will continue to be employed by the Corporation for the remainder of the Renewal Term as a member of the Corporation's Executive Committee, reporting directly to the Chief Executive Officer, with such authority, duties, responsibilities and title as the Chief Executive Officer shall determine and which are not inconsistent with the terms of this Agreement. The provisions of Section 2(b) of this Agreement shall continue to remain in full force and effect during the Renewal Term. During the Renewal Term and thereafter, the Executive may continue to use and thereafter to retain miscellaneous personal property in his possession. The Executive and the Corporation agree that the appointment of one or more successors to the Executive a successor Chief Financial Officer during the Renewal Term shall not be treated as Good Reason under this Agreement (but any such an appointment before the end of the Renewal Term will constitute Good Reason unless the Executive has recommended the such successor thereby appointed or otherwise consents to such appointment).

Appears in 1 contract

Samples: Employment Agreement (Fairchild Semiconductor International Inc)

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