Employment and Employment Term. The Company agrees to employ Employee, and Employee accepts employment with the Company, to serve as President and Chief Executive Officer of the Company and as an officer or in such other capacity of any of K-Sea General Partner GP LLC, a Delaware limited liability company ("K-Sea GP"), K-Sea General Partner L.P., a Delaware limited partnership, K-Sea Transportation Partners L.P., a Delaware limited partnership (the "Partnership"), K-Sea Operating Partnership L.P., a Delaware limited liability company (the "Operating Partnership"), and any other subsidiary formed by any of the foregoing (collectively, the "Companies"), as determined by the Board of Directors of such company, for a term commencing on the date hereof and continuing for a period of one year thereafter, unless earlier terminated pursuant to Article IV of this Agreement ("Employment Term"). The Employment Term shall be automatically renewed for successive one-year periods unless either party hereto gives thirty-days prior written notice to the other party that such party desires not to renew the Employment Term. During the Employment Term, Employee will render such services to the Companies as are customary for the position (or positions) held by Employee. During the Employment Term, Employee shall devote his full time, ability and attention, and his best efforts, to the business of the Companies. The Employee shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, organization or other entity, whether for compensation or otherwise, directly or indirectly, without the prior written consent of the Board of Directors of the Company.
Employment and Employment Term. The Company shall employ Employee, and Employee shall serve the Company, for a term beginning on the date of this Agreement and ending on February 28, 2004, unless sooner terminated pursuant to the provisions of this Agreement (the "Initial Term"). Thereafter, this Agreement renews automatically for successive one (1) year terms unless either party provides ninety (90) days prior written notice to the other of its intent not to renew this Agreement (the Initial Term together with any renewal hereof, is the "Term").
Employment and Employment Term. The Employers hereby shall employ the Executive and the Executive hereby accepts employment with the Employers for a term of twenty-four (24) months commencing on the Effective Times of the Company and Bank Mergers, and ending on the last day of the 24th month following such Effective Times ("Termination Date"), unless sooner terminated as hereinafter provided. On the Termination Date, while the Executive is employed by the Employers, the terms of the Executive's employment shall be automatically extended for successive additional terms of one year each, unless Executive or the Employers give written notice to the other on or before the first day of the fourth month prior to the Termination Date of the then current term of intention not to renew. Notwithstanding the foregoing, the term of Executive's employment can be terminated pursuant to the provisions of Paragraph 11 herein; provided, however, the parties agree that in no event shall the term of Executive's employment hereunder extend beyond December 31 in the calendar year in which Executive's 65th birthday occurs.
Employment and Employment Term. The Corporation and Bank hereby shall employ the Executive and the Executive hereby accepts employment with the Corporation and the Bank under and pursuant to this Agreement for a term beginning as of the Effective Date and ending August 25, 2015 (the “Term”), unless sooner terminated as hereinafter provided.
Employment and Employment Term. The Bank hereby shall employ the Executive and the Executive hereby accepts employment with the Bank under and pursuant to this Agreement for a term beginning as of the Effective Date and ending December 31, 2011 (the “Term”), unless sooner terminated as hereinafter provided.
Employment and Employment Term. The Bank hereby shall employ the Executive and the Executive hereby accepts employment with the Bank for a term of thirty-six (36) months commencing on January 1, 2020, and ending on December 31, 2022 (“Termination Date”), unless sooner terminated as hereinafter provided. On the Termination Date, while the Executive is employed by the Bank, the terms of the Executive’s employment shall be automatically extended for successive additional terms of one year, unless Executive or the Bank give written notice to the other on or before September 1, 2022 and every September 1st thereafter, prior to the Termination Date of the then current term of intention not to renew. Should the Bank not renew Executive’s employment by written notice on or before September 1, 2022, or every September 1st thereafter, the Termination Date of Executive’s employment will be December 31, 2022, or every December 31st thereafter. The Bank and Executive, from the date of written notice of non-renewal to the Termination Date of the Executive’s employment, can enter into a new Executive Employment Agreement before the Termination Date of Executive’s employment. Notwithstanding the foregoing, the term of Executive’s employment can be terminated pursuant to the provisions of Paragraph 10 herein; provided, however, the parties agree that in no event shall the term of Executive’s employment hereunder extend beyond December 31st in the calendar year in which Executive’s 67th birthday occurs (that is, December 31, 2029.)
Employment and Employment Term. The Corporation and Bank hereby shall employ the Executive and the Executive hereby accepts employment with the Corporation and the Bank for a term of two (2) years beginning January 1, 2003, and ending December 31, 2004, unless sooner terminated as hereinafter provided. On December 31, 2004, and on the last day of December each year thereafter, while the Executive is employed by the Corporation, the term of the Executive's employment shall be automatically extended one (1) additional year, unless Executive or the Employers give written notice to the other on or before October 1 of the then current term of intention not to renew. The term of Executive's employment can be terminated pursuant to the provisions of paragraph 11 herein; provided, however, the parties agree that in no event shall the term of Executive's employment hereunder extend beyond December 31 in the calendar year in which Executive's 65th birthday occurs.
Employment and Employment Term. The Company agrees to employ the Executive as the Senior Vice President Marketing, Agency and Client Services of the Company, subject to the terms and conditions of this Agreement, for a term commencing on February 3, 2014 (the “Effective Date”) and ending upon termination of this Agreement in accordance with Section 5.
Employment and Employment Term. The Bank hereby shall employ the Executive and the Executive hereby accepts employment with the Bank for a term of twenty-four (24) months commencing on the Effective Times of the Company and Bank Mergers and ending on the last day of the 24th month following such Effective Times ("Termination Date"), unless sooner terminated as hereinafter provided. On the Termination Date, while the Executive is employed by the Bank, the terms of the Executive's employment shall be automatically extended for successive additional terms of one year, unless Executive or the Bank give written notice to the other on or before the first day of the fourth month prior to the Termination Date of the then current term of intention not to renew. Notwithstanding the foregoing, the term of Executive's employment can be terminated pursuant to the provisions of Paragraph 10 herein; provided, however, the parties agree that in no event shall the term of Executive's employment hereunder extend beyond December 31 in the calendar year in which Executive's 65th birthday occurs.
Employment and Employment Term. The Company agrees to employ Employee, and Employee accepts employment with the Company, to serve as President of the Company and as an officer or other capacity of any subsidiary formed by the Company as determined by the Board of Directors of such subsidiary, for a term commencing on the date hereof and continuing for a period of three years from the date hereof, unless earlier terminated pursuant to Article IV of this Agreement ("Employment Term"). During the Employment Term, Employee will render such services to the Company and its subsidiaries as are customary for the position (or positions) held by Employee. During the Employment Term, Employee shall devote his full time, ability and attention, and his best efforts, to the business of the Company and its subsidiaries. The Employee shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, organization or other entity, whether for compensation or otherwise, directly or indirectly, without the prior written consent of a majority of the members of the Board of Directors of the Company.
