Interim Employment Period Sample Clauses

Interim Employment Period. From the Effective Date through the date upon which the Company’s Chairman and Chief Executive Officer elects to modify his role with the Company in accordance with the terms of his employment agreement, and no longer serve as the Company’s Chief Executive Officer (the “Election Date”), the Executive shall continue in his current role with the Company as Executive Vice President and Chief Operating Officer reporting to the Company’s Chief Executive Officer. The period from the Effective Date through the Election Date is hereinafter referred to as the “Interim Employment Period”.
Sample 1
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Interim Employment Period. The Company will continue to employ Mr. Cadena, as a senior advisor to Graham, througx xxx retirement as an employex xx xhe close of business on December 31, 2004, at the same base salary and with the same benefits as he had immediately prior to November 29, 2004. Mr. Cadena will receive base salary earned txxxxxx Xxxember 31, 2004 and accrued benefits including the cash value of any unused vacation time. It is understood and agreed by the parties that Mr. Cadena will be entitled to a Company matching xxxxxxx xo his 401 (k) account in respect of the year 2004 to the extent provided by the terms of the Graham Corporation Incentive Savings Plan.
Sample 1
Interim Employment Period. As provided in the Transition Services Agreement all salaried, non-union hourly and unionized hourly employees of Seller related to the Division ("Division Employees") shall remain employees of Seller after the Closing until April 30, 1998 or such earlier date as Buyer may elect by written notice to Seller ("Interim Employment Period," the last day of the Interim Employment Period is hereinafter referred to as "Interim Employment Termination Date").
Sample 1
Interim Employment Period. The parties also agree that there will be an Interim Employment Period, beginning with the Employment Period Commencement Date, and by mutual consent not to exceed 6 months, wherein the Executive shall be considered employed while also performing key, albeit limited, duties as set forth by the Company. During this period, the Company acknowledges that the Executive can continue to engage in other income generating activities including, but not limited to: sales, consulting, or other activities until such time that the 6 month interim period has elapsed, or that the payroll process has begun. In consideration for the Interim Employment Period, the Company shall provide a one-time special dispensation to the Executive for special compensation as outlined in Section 2 (a).
Sample 1
Interim Employment Period 
Sample 1

Related to Interim Employment Period

  • Employment Period; Remaining Unexpired Employment Period (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to Section 2(b).

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Employment Period The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the third anniversary of such date (the "Employment Period").

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

  • Period of Employment The “Period of Employment” shall be a period of three (3) years commencing on the Employment Commencement Date and ending at the close of business on the third (3rd) anniversary of the Employment Commencement Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives notice, in writing, at least thirty (30) days prior to the expiration of this Agreement and the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Agreement or modify its terms. The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Constructive Termination” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

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