Executive Employment. The Company employs Executive and Executive accepts employment in a principal executive and managerial capacity effective January 1, 2007 until December 31, 2011. After December 31, 2011, either Executive or the Company may, at any time terminate Executive’s Executive Employment subject to the restrictions and conditions hereinafter contained on four (4) months prior written notice to the other party.
Executive Employment. During the period of Executive Employment, he shall devote full time to his employment and shall act as president or other chief executive officer of the Company and shall perform all duties incident to such office or offices and all additional duties that the Board of Directors may periodically assign to him. He shall also, during the period of Executive Employment, serve in similar capacities, and without additional compensation any subsidiary of the Company that the Board of Directors may select.
Executive Employment. Company hereby employs Executive as a Managerial Employee. Executive’s employment is at will. As an at-will Employee, the Executive has the right to voluntarily terminate his/her employment at any time, and with or without advance notice, subject to the terms and conditions herein in this Agreement. Company also has the option to involuntarily terminate the Executive’s employment at any time, with or without cause, and with or without advance notice, subject to the terms and conditions herein in this Agreement.
Executive Employment. The Company employs Employee and Employee accepts employment in a principal executive and managerial capacity commencing upon execution of this Agreement and continuing through December 31, 2000. ("Executive Employment"). After December 31, 1998, however, either Employee or Company may at any time terminate Employee's Executive Employment on three months prior written notice to the other party, as the case may be.
Executive Employment. As its President, Xxxxxx, D. hereby accepts such employment for the period beginning June 1, 1997 and ending May 31, 2002, provided that either the Company or Xxxxxx, D. made by written notice to the other at any time subsequent to May 31, 2002, to terminate Xxxxxx, D. employment as the Company's president effective as of the first day of the third month following such notice. The period during which Xxxxxx, D. serves as president shall be referred to as the period of "Executive Employment".
Executive Employment. The Company shall pay to Xxxxxxx a salary of $90,846 per year in equal weekly installments, plus a bonus payable quarterly, equal to five percent of the pre-tax net operating profits of the Company plus future stock purchase agreements. This base salary shall be adjusted annually to reflect changes in the cost of living as established by the Federal Reserve Bank for the Minneapolis, Minnesota district.
Executive Employment. Vector is permitted to engage in discussions with those executives listed on the Vector Disclosure Letter with respect to their terms of employment following completion of the Transaction.
Executive Employment. The Company hereby offers and Xx. Xxxxxx hereby accepts executive employment with the Company pursuant to the terms and conditions of a definitive agreement and an employment agreement to be entered into by the parties. Xx. Xxxxxx shall be paid compensation and receive benefits commensurate with employment and positions of this type and based upon successes Xx. Xxxxxx achieves for the Company.
Executive Employment. The Company agrees to pay Xxxxxx and Xxxxxx agrees to accept as remuneration for services hereunder an annual salary in the amount of $150,000 for the first year of the Executive Compensation Agreement, and $200,000 for each year thereafter, subject to adjustment for merit as determined and at the discretion of the Board of Directors, or any committee having such authority, payable by equal monthly installments, exclusive of any other benefits referred to herein. In the event of Xxxxxx’x termination of Executive Employment for any reason except for Cause, as defined in Paragraph 8, the Company shall pay Xxxxxx an amount equal to eighteen (18) months of his then current salary. For greater certainty, annual salary as referred to herein shall not include any other payments such as bonuses, share options, benefits, etc.
Executive Employment. As of the Effective Time, Executive shall become an employee of Cigna consistent with the terms set forth on Appendix A.
