Initial Employment Period. The Company agrees to employ the Executive as the Chief Financial Officer and the Chief Operating Officer of the Company, and the Executive accepts employment with the Company, upon the terms set forth in this Agreement, for the period beginning on 12:01 a.m., local Miami, Florida time, on February 5, 2016, and ending on 11:59 p.m., local Miami, Florida time, on February 5, 2018 (the "Employment Period"), during which time Executive will devote his full business time to providing services hereunder. During the Employment Period, this Agreement shall remain in force unless sooner terminated in accordance with the provisions of this Agreement pursuant to Section 5 below. The Executive agrees that the consideration provided hereunder is fair and adequate consideration for all services provided in each of the aforesaid capacities. Executive further agrees that this Agreement shall not constitute an employment agreement for services rendered to any company other than the Company. Any employment agreement with any other company shall be and must be a separate written agreement with such other company or companies.
Initial Employment Period. The Company agrees to employ the Executive as the Chairman of the Board, Chief Executive Officer and President of Capstone Industries, Inc., (a subsidiary of the Company), and the Executive accepts employment with the Company, upon the terms set forth in this Agreement, for the period beginning on 12:01 a.m., local Miami, Florida time, on February 5, 2018, and ending on 11:59 p.m., local Miami, Florida time, on February 5, 2020 (the "Employment Period"), during which time Executive will devote his full business time to providing services hereunder. During the Employment Period, this Agreement shall remain in force unless sooner terminated in accordance with the provisions of this Agreement pursuant to Section 5 below. The Executive agrees that the consideration provided hereunder is fair and adequate consideration for all services provided in each of the aforesaid capacities. Executive further agrees that this Agreement shall not constitute an employment agreement for services rendered to any company other than the Company. Any employment agreement with any other company shall be and must be a separate written agreement with such other company or companies.
Initial Employment Period. All newly-hired Employees shall serve an initial employment period of 2,080 hours of continuous service. During the initial employment period the Employer shall have the unqualified right, in its exclusive discretion, to suspend without pay, discharge or otherwise discipline an Employee in their initial employment period at any time and to determine at any time during the initial employment period that the Employee shall not be retained as an Employee. An Employee disciplined or discharged during their initial employment period shall have no recourse to the grievance procedure.
Initial Employment Period. Section 5.0 All new hires shall be required to complete an initial employment period of six (6) months from the date of hire and shall be so notified. Employees who transfer from one State College campus to another may be required by the campus President or designee to complete an initial employment period. An employee in an initial employment period shall have no grievance rights.
Initial Employment Period. From February 23, 2023 (the “Effective Date”) until a new Chief Financial Officer of the Company (the “Incoming CFO”) began employment with the Company (the “Initial Employment Period”), you remained a full-time employee of the Company and continued to serve as Chief Financial Officer of the Company, with your resignation as Chief Financial Officer being effective as of immediately prior to the commencement of employment of the Incoming CFO. The Employment Agreement remained in effect during the Initial Employment Period.
Initial Employment Period. Employer and Employee agree that no severance shall be due under any circumstance if Employee is terminated during the first six months of employment as the result of an unsatisfactory performance review.
Initial Employment Period. The period of the Executive’s employment under this Agreement from the period beginning on the Effective Date and ending on the Date of Initial Employment Termination (as defined in Section 5(f) of this Agreement), is herein referred to as the “Initial Employment Period.”
Initial Employment Period. The Company agrees to employ the Executive as the Chief Executive Officer and President of the Company, and the Executive accepts employment with the Company, upon the terms set forth in this Agreement, for the period beginning on 12:01 a.m., local Miami, Florida time, on November 1, 2006, and ending on 11:59 p.m., local Miami, Florida time, on November 1, 2011 (the "Employment Period"), during which time Executive will devote his full business time to providing services hereunder. During the Employment Period, this Agreement shall remain in force unless sooner terminated in accordance with the provisions of this Agreement pursuant to Section 5 below. The Executive also agrees to serve as Chairman of the Board of Directors of the Company and Souvenir Direct, Inc., a Florida corporation and a wholly-owned subsidiary of the Company as well as a co-Manager of Overseas Building Supplies, LLC, a Florida limited liability company and a wholly-owned subsidiary of the Company. The Executive agrees that the consideration provided hereunder is fair and adequate consideration for all services provided in each of the aforesaid capacities with named, other companies. Executive further agrees that this Agreement shall not constitute an employment agreement for services rendered to any company other than the Company. Any employment agreement with any other company shall be and must be a separate written agreement with such other company or companies.
Initial Employment Period. The Employee shall be initially employed by the Company for a three-year term, commencing as of December 1, 1994 and ending on November 30, 1997 (the "Initial Employment Period"), unless sooner terminated in accordance with the provisions of this Agreement. Thereafter, the provisions of this Agreement shall terminate, and the employment of the Employee shall continue on an "at will" basis.
Initial Employment Period. Until the Renewal Date (as defined below), the Executive shall be an “at will” employee of the Company, and either the Company or the Executive may terminate the Executive’s employment with the Company at any time for any reason, in which case this Agreement shall terminate (except for the provisions of Sections 6 and 7, which shall remain in full force and effect), the Executive will not be entitled to the vesting or exercise, in whole or in part, of the option described in Section 3.4 of this Agreement, but the Executive will be paid such amounts as are described in Section 5.2(a) of this Agreement. The period commencing on the date of this Agreement and ending on the earlier of the Renewal Date or the termination of the Executive’s employment with the Company is referred to as the “Initial Period.” For purposes of this Agreement, the “Renewal Date” shall mean the closing of the sale of equity securities of the Company or its subsidiary, Microgy Cogeneration Systems, Inc., resulting in gross proceeds to the Company or Microgy of at least $3,500,000.”
