Common use of Effectiveness and Term of Agreement Clause in Contracts

Effectiveness and Term of Agreement. This Agreement shall commence on and as of the Transition Date and shall continue until the date of Executive’s retirement on the Retirement Date or until Executive’s employment earlier terminates as provided herein (the “Term”). Executive has delivered to the Chief Executive Officer of the Company concurrently with the execution of this Agreement a written resignation as Senior Vice President and Chief Financial Officer of the Company, which resignation shall become effective as of the Transition Date. Notwithstanding anything herein to the contrary, all provisions of the Existing Agreement will continue to apply until the Transition Date, at which time the Existing Agreement shall hereby terminate, and the terms of this Agreement will apply and shall supersede the terms of the Existing Agreement in their entirety.

Appears in 1 contract

Samples: Employment Agreement (Lear Corp)

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Effectiveness and Term of Agreement. This Agreement shall commence on and as of the CEO Transition Date and shall continue until the date of Executive’s retirement on January 4, 2019 (the Retirement Date Date”) or until Executive’s employment earlier terminates as provided herein (the “Term”). Executive has delivered to the Chief Executive Officer of the Company Board concurrently with the execution of this Agreement a written resignation from the Board and as Senior Vice CEO and President and Chief Financial Officer of the Company, which resignation shall become effective as of the CEO Transition Date. Notwithstanding anything herein to the contrary, all provisions of the Existing Agreement will continue to apply until the CEO Transition Date, at which time the Existing Agreement shall hereby terminate, terminate and the terms of this Agreement will apply and shall supersede the terms of the Existing Agreement in their entirety.

Appears in 1 contract

Samples: Employment Agreement (Lear Corp)

Effectiveness and Term of Agreement. This Agreement shall commence on and as of the Transition Date and shall continue until the date of Executive’s retirement on the Retirement Date or until Executive’s employment earlier terminates as provided herein (the “Term”). Executive has delivered to the Chief Executive Officer of the Company Board concurrently with the execution of this Agreement a written resignation as Senior Executive Vice President President, Business Development, General Counsel and Chief Financial Officer Corporate Secretary of the Company, which resignation shall become effective as of the Transition Date. Notwithstanding anything herein to the contrary, all provisions of the Existing Agreement will continue to apply until the Transition Date, at which time the Existing Agreement shall hereby terminate, and the terms of this Agreement will apply and shall supersede the terms of the Existing Agreement in their entirety.

Appears in 1 contract

Samples: Employment Agreement (Lear Corp)

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Effectiveness and Term of Agreement. This Agreement shall commence on and as of immediately following the Transition Date and shall continue until the date of Executive’s retirement on the Retirement Date or until Executive’s 's employment earlier terminates as provided herein (the “Term”). Executive has delivered to the Chief Executive Officer of the Company concurrently with the execution of this Agreement a written resignation as Senior Vice President and Chief Financial Officer Administrative Officer, Human Resources of the Company, which resignation shall become effective as of the Transition Date. Notwithstanding anything herein to the contrary, all provisions of the Existing Agreement will continue to apply until the Transition Date, at which time the Existing Agreement shall hereby terminate, and the terms of this Agreement will apply and shall supersede the terms of the Existing Agreement in their entirety.

Appears in 1 contract

Samples: Employment Agreement (Lear Corp)

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