Employment and Term. The Company hereby agrees to employ the Executive and the Executive hereby agrees to serve the Company on the terms and conditions set forth herein.
Employment and Term. Holdings hereby employs Employee (hereinafter referred to as the “Employment”) as Executive Vice President of Global Operations of Holdings and of Holdings’ subsidiaries (hereinafter collectively and individually referred to as “Employers”) at Employers’ corporate office in St. Louis, Missouri, and Employee agrees to be employed by Employers in such capacity, all on the terms and conditions set forth herein. The Employment shall be for a period (the “Employment Period”) that will commence on July 29, 2007 (the ‘Effective Date”) and continue for 2 years thereafter, unless the Employment is earlier terminated as provided herein. Unless Employee is timely provided a notice of non-renewal or the Employment is earlier terminated as provided herein, on the second anniversary of the Effective Date, and on each anniversary of the Effective Date thereafter, the Employment Period shall automatically renew for a one-year period, on the same terms and conditions contained herein (unless earlier terminated), such that the Employment Period shall extend for a period of one year from the date of each such extension. The Employers must provide Employee with written notice not less than 90 days in advance of the applicable anniversary of the Effective Date in order to avoid renewal of the Employment Period on such anniversary date as described above. Notice shall be deemed given on the date it is received by the Employee. If Employers elect not to renew the Employment Period in accordance with this Section l(a), Employee shall be entitled to continue to receive from Employers his then current basic compensation hereunder, such amount to continue to be paid in accordance with the payroll practices of Employers for a period equal to twelve months from the expiration of the Employment Period. If, however, the Employment Period is not renewed, the Employee is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Internal Revenue Code of 1986, as amended (“Code”), and payments under this Section l(a) are not a separation pay arrangement within the meaning of Prop. Treasury Reg. 1.409A-l(a)(9) or any successor Treasury Regulations, the payment of Employee’s current basic compensation shall be paid for a period of twelve consecutive months commencing with the seventh consecutive month immediately following the month in which the Employment Period ends.
Employment and Term. The Company hereby employs the Executive, and the Executive hereby accepts such employment by the Company, for the purposes and upon the terms and conditions contained in this Agreement. The term of such employment shall be for the Employment Period.
Employment and Term a. Cinergy, and any successor to Cinergy, agree to employ the Executive, and the Executive agrees to remain in the employ of Cinergy, in accordance with the terms and provisions of this Agreement, for the Employment Period set forth in Subsection b. The parties agree that the Company will be responsible for carrying out all of the premises, covenants, and agreements of Cinergy set forth in this Agreement.
b. The Employment Period of this Agreement will commence as of the Effective Date and continue until December 31, 2002; provided that, commencing on December 31, 2000, and on each subsequent December 31, the Employment Period will be extended for one (1) additional year unless either party gives the other party written notice not to extend this Agreement at least ninety (90) days before the extension would otherwise become effective.
Employment and Term. The Company hereby employs Executive, and Executive hereby agrees to serve, as an executive employee of the Company with the duties set forth in ss.2, for a term (hereinafter called the "Term of Employment") which began August 1, 2001 (the "Term Commencement Date") and ending, unless sooner terminated under ss.4, on the effective date specified in a notice of termination given by either party to the other except that such effective date shall not be earlier than the second anniversary of the date on which such notice is given.
Employment and Term. (a) Executive hereby agrees to be employed by the Company as Executive Vice President of the Company, and Company hereby agrees to employ Executive in such capacity. To the extent required by law, Executive's employment under this Agreement shall be maintained through CFS, or another wholly owned subsidiary of the Company used to employ Company executives, and in such case any reference in this Agreement to employment or termination of employment with the Company shall be deemed to include employment or termination of employment with CFS or such other subsidiary.
(b) The period of Executive's employment under this Agreement (the "Term") shall begin on June 30, 2004 (the "Effective Date") and end on the first anniversary of the Effective Date, unless sooner terminated in accordance with Section 12 hereof, or extended pursuant to (c) below.
(c) The Term shall automatically be extended for an additional one-year period each June 30, beginning June 30, 2005, unless either Executive or the Company delivers written notice to the other party, not later than 60 days before the end of the Term (including extensions) of their election that the Term not be extended.
(d) As of the Effective Date, this Agreement shall supersede and take the place of any and all other agreements between Executive and the Company or CFS that govern the terms and conditions of Executive's employment, including the Prior Agreement.
(e) During the Term, Executive will devote Executive's full business time, attention, skill and best efforts to the performance of Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the rendition of such services either directly or indirectly, without the prior written consent of the board of directors of the Company (the "Board"); provided, that, nothing herein shall preclude Executive, subject to the prior approval of the Board, from accepting appointment to or continuing to serve on any board of directors or trustees of any business corporation or any charitable organization; provided, in each case, and in the aggregate, that such activities do not conflict or interfere with the performance of Executive's duties hereunder or conflict with Section 11 of this Agreement.
Employment and Term. The Bank shall employ Employee pursuant to the terms of this Agreement to perform the services specified in Section 2 herein. The initial term of employment shall be for a period of twelve (12) months, commencing on the Effective Date. Upon each new day of the twelve (12) month period of employment from the Effective Date until the Employee's 65th (sixty-fifth) birthday, the term of this Agreement shall be automatically extended for one (1) additional day, to be added to the end of the then-existing twelve (12) month term. Accordingly, at all times prior to (i) the Employee's attaining age sixty-five (65) or (ii) a Notice of Termination, as defined in Section 9(b) (or an actual termination) the term of this Agreement shall be twelve (12) full months. However, either Party may terminate this Agreement by giving the other Party written notice of intent not to renew. The automatic extensions of the term of this Agreement shall immediately be suspended upon an employment termination by reason of death or disability or retirement, or an employment termination made voluntarily by the Employee (other than for Good Reason as defined in Section 9(d), or involuntarily for Just Cause as defined in Section 9(b)). Additionally, the Board shall, on an annual basis, review Employee's performance to determine whether this Agreement should continue to be extended. The Board's action will be reflected in the Board's meeting minutes. In the event the Employee gives a Notice of Termination, the term of this Agreement shall expire upon the thirtieth (30th) day following the delivery to the Bank of such Notice of Termination. Except as otherwise provided in the following paragraph with respect to a voluntary termination for Good Reason, a voluntary employment termination by the Employee shall result in the termination of the rights and obligations of the parties under this Agreement; provided, however, that the terms and provisions of Section 12 shall continue to apply. In the event the Bank desires to involuntarily terminate the employment of Employee (for purposes of this Agreement, a voluntary employment termination by the Employee for Good Reason shall be treated as an involuntary termination of the Employee's employment without Just Cause), the Bank shall deliver to the Employee a Notice of Termination, and the following provisions shall apply:
(a) In the event the involuntary termination is for Just Cause, this Agreement shall terminate immediately upon delivery to the Em...
Employment and Term. The Company agrees to employ the Employee and the Employee agrees to remain in the employ of the Company, in accordance with the terms and provisions of this Agreement, for the period beginning on the date hereof and ending as of the close of business on December 31, 2000 (such period together with all extensions thereof, is referred to hereinafter as the "Employment Period"); provided, however, that commencing on the date one year after the date hereof, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date") the Employment Period shall be automatically extended so as to terminate three (3) year(s) from such Renewal Date if (i) the Compensation Committee of the Board of Directors of the Parent (hereinafter referred to as the "Compensation Committee") authorizes such extension during the 60-day period preceding such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Period shall not be so extended. In the event that the Company gives the Employee written notice at any time that the Compensation Committee has determined not to authorize such extension, or if the Company fails to notify the Employee of the Compensation Committee's determination prior to the Renewal Date (the "Renewal Deadline"), the Employment Period shall be extended so as to terminate three (3) year(s) after the date such notice is given (or, in case of a failure to notify, three (3) year(s) after the Renewal Deadline) and shall not thereafter be further extended.
Employment and Term. Employer hereby agrees to employ Employee and Employee hereby agrees to serve Employer on the terms and conditions set forth herein for an “Initial Term” commencing as of the Effective Date and continuing for a period of three (3) years, unless sooner terminated as hereinafter set forth. Thereafter, the employment of Employee hereunder shall automatically renew for successive one (1) year periods until terminated in accordance herewith. The Initial Term and any automatic renewals shall be referred to as the “Employment Period.”
Employment and Term. The Company hereby agrees to employ Executive and Executive hereby accepts employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on May 31, 2015 (the “Effective Date”) and continue through the three-year anniversary of the Effective Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least ninety (90) days prior to the then-scheduled date of expiration of the Term, either (x) the Company gives notice to Executive that it is electing not to so extend the Term; or (y) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.
