Part-Time Employment Period Sample Clauses

Part-Time Employment Period. Following the Part-Time Date, the Company shall continue to employ Executive on a part-time basis under the terms set forth below:
Sample 1
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Part-Time Employment Period. Executive will be employed as a part-time employee beginning on the day following the Part-Time Date and ending on the fourth anniversary of the Part-Time Date, unless terminated earlier as set forth in this Agreement (the “Part-Time Employment Period”).
Sample 1
Part-Time Employment Period. “Part-Time Employment Period “ means the time period commencing at the end of the Full-Time Employment Period and ending on the earlier of: (a) two years after the end of the Planned Full-Time Employment Period; (b) voluntary resignation of Employee as a part-time employee of the Company (unless such resignation is due to Company’s material breach of this Agreement that is not cured within five business days after written notice describing the breach); (c) termination of Employee by the Company for Cause; or (d) Employee’s material breach of this Agreement that is not cured within five business days after written notice describing the breach (unless preceded by or simultaneous with Company’s material breach of this Agreement that is not cured within five business days after written notice describing the breach).
Sample 1
Part-Time Employment Period. 4.1 Beginning on June 1, 1999, Executive shall convert from a full-time to a part-time employee. The Executive will continue to be employed by the Company as a part-time employee through May 31, 2000, or until the Executive resigns his employment in writing, or the Company terminates Executive's employment for cause (as defined below), whichever occurs first ("Employment Period"). The Company shall not terminate Executive's employment during the Employment Period, except for cause, which is defined as: (1) Executive's material and willful breach of this Agreement after written notice of such breach and a reasonable opportunity to cure such breach; or (2) Executive's material and willful breach of the Employee Invention and Confidential Information Agreement, which Executive signed on October 28, 1996 (a copy of which is attached hereto), after written notice of such breach and a reasonable opportunity to cure such breach. Unless terminated for cause (which results in immediate termination), Executive's employment will terminate at the conclusion of the Employment Period (the "Termination Date"). Upon termination of employment, vesting of Executive's stock options shall cease (except as provided in paragraph 5(b) herein), as will the company's obligation to provide salary to Executive and to make COBRA payments on his behalf. Executive's funds, invested in the NQDC, if any, shall be treated in accordance with the NQDC. 4.2 During the Employment Period, Executive shall be compensated at a rate of $2500.00 per month, subject to standard withholdings and deductions. Such compensation shall be paid on the Company's regular payroll schedule. 4.3 During the Employment Period, Executive shall report to the Chairman of the Board, and shall provide such consultation, advice and assistance as is reasonably requested of him to ensure a smooth transition of his responsibilities, for up to a maximum of twenty (20) hours per month. Executive will be free to accept other employment or consulting engagements during this period, so long as such employment or consulting is not inconsistent with Executive's obligations under the Invention and Confidential Information Agreement. The Company will not require Executive to render services to the Company or its Board at a time or in a manner which would interfere with his ability to engage in such employment or consulting opportunities. 4.4 As a part-time employee, Executive will continue to receive, if he so elects, the same medi...
Sample 1
Part-Time Employment Period. Unless the Retirement Date has occurred prior thereto, beginning on January 29, 2017 and up to and including the earlier of (i) June 23, 2017, or (ii) the Retirement Date, Employee shall receive a reduced bi-weekly salary of $19,134.61 per pay period, less applicable taxes and withholdings. Payment of the reduced salary shall be made in bi-weekly installments consistent with the Company’s payroll practices.
Sample 1
Part-Time Employment Period. From January 1, 2002 through and including July 5, 2004 (the "Part-Time Employment Period"), (i) Employee shall serve as a part-time employee of Company and shall have such duties and responsibilities as are assigned to him by the Chairman and Chief Executive Officer of Company, (ii) Employee shall report directly to the Chairman and Chief Executive Officer of Company and (iii) Employee shall make himself available to devote at least 90 days (i.e. 65 working days based upon a 5-day work week) per annum to the affairs of the Company at such times as the Company shall reasonably request.
Sample 1
Part-Time Employment Period. (a) In the event the Employment Term is terminated by (i) Employer pursuant to Paragraph 7(a)(i) or without Cause during the 12-month period commencing on the date hereof or (ii) by Executive pursuant to Paragraph 8(a), then, during the period commencing on the date of such termination and ending on the fifth anniversary of the date hereof (such period, the “Part-Time Employment Period”), Employer agrees to employ Executive, and Executive agrees to be so employed, on a part-time basis, on the terms and subject to the conditions set forth herein. Notwithstanding anything to the contrary set forth in this Agreement, the Part-Time Employment Period may be earlier terminated pursuant to the terms hereof. (b) During the Part-Time Employment Period, Executive shall act as a general advisor and consultant to Employer on all matters within the scope of Executive’s experience and expertise, and shall not be required to devote to such duties more than 100 hours in each calendar year. During the Part-Time Employment Period, Executive shall not, solely by virtue of the services provided hereunder during such period, be considered to be an officer of Employer, and shall not have the power or authority to contract in the name of or bind Employer, except as may be expressly stated in a written delegation of such authority from the Board. (c) During the Part-Time Employment Period, Employer shall pay to Executive salary compensation at a monthly rate of $1,000 (“Part-Time Salary”). Part-Time Salary shall be paid in equal installments in accordance with Employer’s payroll practices in effect from time to time for executive officers, but in no event less frequently than monthly. (d) During the Part-Time Employment Period, Employer will provide Executive, at Employer’s sole cost and expense, with major medical and hospitalization health insurance benefits in accordance with the plans of Employer offered from time to time during the Part-Time Employment Period to the executives of Employer and consistent with Employer’s then-current practice as approved by the Board from time to time; provided, however, that during the Part-Time Employment Period, Employer shall not be required to provide such medical and hospitalization health insurance benefits to any dependants of Executive or any members of Executive’s family who would otherwise be entitled to coverage under such plans, unless Executive agrees to pay the additional cost of such coverage. The foregoing shall not be constru...
Sample 1
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Part-Time Employment Period a. From September 1, 2001 through September 1, 2002, Executive shall continue as a part-time employee of the Company for a one-year term (the "Part-Time Employment Period"). Employee's employment with the Company shall terminate at the end of the Part-Time Employment Period. Executive recognizes that he is committing to remain as a part-time employee with the Company through the end of the Part-Time Employment Period and he agrees not to voluntarily terminate his employment with the Company during the Part-Time Employment Period. Likewise, the Company may not terminate Executive's employment during such period except for cause. Cause shall exist if the Executive: (1) materially breaches this Agreement or the Employee Proprietary Information and Inventions Agreement, which is referenced in Section 11 hereof; (2) fails to perform his duties after receipt of written notice of such failure and a reasonable opportunity to cure; (3) commits any breach of fiduciary duty or act of theft, misappropriation, embezzlement, intentional fraud or other violation of the law or similar conduct involving the Company or any affiliate; (4) receives a conviction or enters a plea of Nolo Contendere or the equivalent in respect of a felony involving an act of dishonesty, moral turpitude, deceit or fraud; or (5) willfully or negligently causes any damage of a material nature to the business or property of the Company or any affiliate. If the Company terminates Executive without cause during the Part-Time Employment Period, or his employment terminates as a result of Executive's death or permanent disability, he (or his estate) shall continue to receive the same pay and benefits as if though his employment had continued through the end of the Part-Time Employment Period. b. During the Part-Time Employment Period, Executive shall be available to consult to the Company, and/or the Board of Directors of Tality or Cadence as necessary. During the Part-Time Employment Period, Executive shall report to Ray Bingham (or his successor(s)) and shall, in addition to xxxxxxxxx general advice and consultation to the Company and its Board(s), perform other duties, including but not limited to, facilitating the transfer of customer relationships to members of the management team, participating in creating strategic direction for Tality, assist with litigation, claims, customer and/or supplier issues when requested by the Board or management of the Company to do so, and participate as a member of...
Sample 1
Part-Time Employment Period. During the eighteen-month period commencing immediately upon expiration of the Full-Time Employment Period (the “Part-Time Employment Period” and, together with the Full-Time Employment Period, the “Employment Period”), Employer shall continue to engage Executive on a part-time basis. Executive shall be required to perform up to 40 hours of services (in eight-hour, one -day increments) for Employer in each consecutive 90-day period during the Part-Time Employment Period, during such weeks that are mutually agreeable to Executive and Employer, and shall continue to have such responsibilities, duties and authority as may from time to time be assigned to Executive by Executive’s supervisor. Executive will continue to perform his duties at the offices of Employer to be located from time to time in or near Santa Clara, California, provided that Executive may be required to do reasonable traveling in connection with the performance of his duties hereunder.
Sample 1

Related to Part-Time Employment Period

  • Part-Time Employment Monthly compensation for part-time employment will be pro-rated based on the ratio of hours worked to hours required for full-time employment. In the alternative, part-time employees may be paid the appropriate hourly rate for all hours worked.

  • Termination of Employment Period The Agreement Term 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 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:

  • Part-Time Employee Part-time employee" means an employee who is normally scheduled to work fewer than 80 hours in a biweekly payroll 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). (b) Beginning on the date of this Agreement, the Employment Period shall automatically be extended for one (1) additional day each day, unless either the Company and the Bank, acting jointly, or the Executive elects not to extend the Agreement further by giving written notice to the other parties, in which case the Employment Period shall end on the third anniversary of the date on which such written notice is given. For all purposes of this Agreement, the term “Remaining Unexpired Employment Period” as of any date shall mean the period beginning on such date and ending on: (i) if a notice of non-extension has been given in accordance with this Section 2(b), the third anniversary of the date on which such notice is given; and (ii) in all other cases, the third anniversary of the date as of which the Remaining Unexpired Employment Period is being determined. Upon termination of the Executive’s employment with the Company and the Bank for any reason whatsoever, any daily extensions provided pursuant to this Section 2(b), if not therefore discontinued, shall automatically cease. (c) Subject to Section 3, nothing in this Agreement shall be deemed to prohibit the Company or the Bank from terminating the Executive’s employment at any time during the Employment Period with or without notice for any reason; provided, however, that the relative rights and obligations of the Company, the Bank and the Executive in the event of any such termination shall be determined under this Agreement.

  • 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.

  • 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 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").

  • Re-employment An employee who resigns their position and within 90 days is re-employed, will be granted a leave of absence without pay covering those days absent and will retain all previous rights in relation to seniority and benefits subject to any benefit plan eligibility requirements.

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