Common use of Length of Employment Clause in Contracts

Length of Employment. In consideration for the compensation set forth in Subparagraph 1.2, Employee shall be employed as Company's President and Chief Executive Officer for a period of five (5) years (or for such lesser time period as mandated by law) from the date of execution of this Agreement (the "Term"). Company may terminate employment at any time for "Cause" in which case Employee shall not be entitled to the balance of compensation for the remainder of the Term. "Cause" as used herein shall consist of the following: (a) willful refusal to perform assigned functions; (b) insubordination; (c) embezzlement; (d) intoxication or drug abuse which interferes with job performance; (e) wrongful disclosure of confidential company information; (f) conflict of interest which is undisclosed and not Board approved; (g) conviction of a felony; (h) engaging, directly or indirectly, in a business which is competitive to the business of the Company, as an employee, officer, director, shareholder, partner, agent or independent contractor which is undisclosed and not Board approved; and (i)

Length of Employment. In consideration for the compensation set forth in Subparagraph 1.2, Employee shall be employed as Company's President and Chief Executive Officer for a period of five (5) years (or for such lesser time period as mandated by law) from beginning on a date mutually agreed to by the date of execution of this Agreement parties (the "Term"). Company may terminate employment at any time for "Cause" in which case Employee shall not be entitled to the balance of compensation for the remainder of the Term. "Cause" as used herein shall consist of the following: (a) willful refusal to perform assigned functions; (b) insubordination; (c) embezzlement; (d) intoxication or drug abuse which interferes with job performance; (e) wrongful disclosure of confidential company information; (f) conflict of interest which is undisclosed and not Board approved; (g) conviction of a felony; (h) engaging, directly or indirectly, in a business which is competitive to the business of the Company, as an employee, officer, director, shareholder, partner, agent or independent contractor which is undisclosed and not Board approved; and (i)