Common use of Nature of Employment Clause in Contracts

Nature of Employment. 3.01 Executive’s employment pursuant to this Agreement shall be on an at-will basis, with either Executive or the Company having the right to terminate Executive’s employment with or without cause on not less than sixty (60) days’ prior written notice, subject to the Company’s obligations to Executive pursuant to Sections 6 and 7. The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive or by resolutions of the Board or the Company’s Compensation Committee (the “Committee”).

Appears in 8 contracts

Samples: Executive Employment Agreement (Medicalcv Inc), Executive Employment Agreement (Medicalcv Inc), Executive Employment Agreement (Medicalcv Inc)

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Nature of Employment. 3.01 Executive’s employment pursuant to this Agreement shall be on an at-will basis, with either Executive or the Company having the right to terminate Executive’s employment with or without cause on not less than sixty (60) days’ prior written notice, notice subject to the Company’s obligations to Executive pursuant to Sections 6 and 7. The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive or by resolutions of the Board or the Company’s Compensation Committee (the “Committee”).

Appears in 1 contract

Samples: Executive Employment Agreement (Medicalcv Inc)

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