Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 and shall end December 31, 2000, unless terminated sooner pursuant to Section 7 of this Agreement or extended by the mutual agreement of the parties. During the term hereof, Executive shall be employed as Chairman of the Board and Chief Executive Officer of the Company and shall devote his full business time, skill, attention and best efforts in carrying out his duties and promoting the best interests of the Company. Executive shall also serve as a director and/or officer of one or more of the Company's subsidiaries as may be requested from time to time by the Board of Directors. Subject always to the instructions and control of the Board of Directors of the Company, Executive shall report to the Board of Directors of the Company and shall be responsible for the control, supervision and management of the Company and its business affairs. Executive shall not at any time while employed by the Company or any of its affiliates or for a period of one (1) year following the later of (i) termination of employment for any reason or (ii) the date on which the last payment is required to be made under Section 2.1(a)(ii) hereof, without the prior consent of the Board of Directors, knowingly acquire any financial interests, directly or indirectly, in or perform any services for or on behalf of any business, person or enterprise which undertakes any business in competition with the business of the Company and its affiliates or sells to or buys from or otherwise transacts business with the Company and its affiliates; provided that Executive may acquire and own not more than five percent (5%) of the outstanding capital stock of any public corporation or mutual fund. Executive shall not at any time while employed by the Company or any of its affiliates or for a period of two (2) years following termination of employment for any reason, directly or indirectly, solicit for employment, employ or enter into any business or contractual relationship with any employee of the Company or any of its affiliates.
Position and Term of Employment. Executive's employment hereunder shall commence as of January 23, 2006, and shall end December 31, 2008, unless terminated sooner pursuant to Section 7 of this Agreement or extended by the mutual agreement of the parties. Executive shall be employed as the Executive Vice President and Chief Financial Officer of the Company and shall devote his full business time, skill, attention and best efforts in carrying out his duties and promoting the best interests of the Company. Executive shall also serve as a director and/or officer of one or more of the Company's subsidiaries as may be requested from time to time by the Board of Directors. Subject always to the instructions and control of the Board of Directors of the Company, Executive shall report to the Chief Executive Officer of the Company and shall be responsible for the day to day financial affairs of the company and for the development of the Company's short and long term financial plans. Executive shall not at any time while employed by the Company or any of its affiliates (as defined in the Severance Protection Agreement between the Company and Executive dated as of January 23, 2006, (the "SPA"), incorporated in this Agreement by this reference), without the prior consent of the Board of Directors, knowingly acquire any financial interests, directly or indirectly, in or perform any services for or on behalf of any business, person or enterprise which undertakes any business in substantial competition with the business of the Company and its affiliates or sells to or buys from or otherwise transacts business with the Company and its affiliates; provided that Executive may acquire and own a de minimus amount of the outstanding capital stock of any public corporation which sells or buys from or otherwise transacts business with the Company and its affiliates.
Position and Term of Employment. Executive’s employment hereunder shall commence as of May 1, 2006, and shall end December 31, 2008, unless terminated sooner pursuant to Section 7 of this Agreement or extended by the mutual agreement of the parties. Executive shall be employed as the Executive Vice President, General Counsel and Secretary of the Company and shall devote his full business time, skill, attention and best efforts in carrying out his duties and promoting the best interests of the Company. Executive shall also serve as a director and/or officer of one or more of the Company’s subsidiaries as may be requested from time to time by the Board of Directors. Subject always to the instructions and control of the Board of Directors of the Company, Executive shall report to the Chief Executive Officer of the Company and shall be responsible for all legal matters and the day to day administrative affairs of the Company. Executive shall not at any time while employed by the Company or any of its affiliates (as defined in the Severance Protection Agreement between the Company and Executive dated as of May 1, 2006, (the “SPA”), incorporated in this Agreement by this reference), without the prior consent of the Board of Directors, knowingly acquire any financial interests, directly or indirectly, in or perform any services for or on behalf of any business, person or enterprise which undertakes any business in substantial competition with the business of the Company and its affiliates or sells to or buys from or otherwise transacts business with the Company and its affiliates; provided that Executive may acquire and own a de minimus amount of the outstanding capital stock of any public corporation which sells or buys from or otherwise transacts business with the Company and its affiliates.
Position and Term of Employment. Effective at noon Pacific Standard Time on March 22, 2000, Executive shall resign as the Chief Executive Officer of eConnect. Instead, commencing at the same moment, the Company shall employ Xxxxxxxx & Xxxxxx for a period of three months as its outside co-counsel with Xxxxxx, Xxxxx & Bockius for purposes of the ongoing investigation by the Securities and Exchange Commission. Neither Executive nor Xxxxxxxx & Xxxxxx shall be an officer of the Company during this period. At the end of such three month period, starting June 22, 2000, the Company shall employ Executive individually as its General Counsel and Executive Vice President. The term of the Executive's employment as General Counsel and Executive Vice President shall be three years, commencing on June 22, 2000 and ending three years later, June 22, 2003, unless terminated sooner pursuant to Section 3 of this Amended Agreement. During the term hereof, Xxxxxxxx & Xxxxxx, for the first three months, and Executive, for the remainder of the term of this Amended Agreement, shall devote a substantial portion of Executive's time, skill and attention and Executive's best efforts in carrying out its or his duties and promoting the best interests of the Company.
Position and Term of Employment. Executive's employment hereunder shall commence as of March 21, 2000 and shall end March 20, 2004, with two-year extensions thereafter, unless terminated sooner or extended beyond pursuant to Section 4 of this Agreement. During the term hereof, Executive shall be employed as President and Chief Operating Officer of the Company and shall devote his time, skill, attention and best efforts in carrying out his duties and promoting the best interests of the Company.
Position and Term of Employment. Subject to earlier termination as contemplated in this Agreement, the Term of the Employee's employment with Parent shall be for a period of three years commencing on the Effectiveness Date. The Employee shall be an officer of Parent, shall have the position of Vice President--Chief Operating Officer of the Wide Area Networks Access Business Unit of the Data Networking Systems Division of Parent and shall report to the Vice President--Carrier Networks Product Group of the Data Networking Systems Division. The Employee shall receive a base salary at the rate of $200,000 per annum. The Employee shall be eligible to participate in all incentive plans generally made available to officers of Parent. The Employee shall also be eligible to participate in all benefit plans generally made available to officers of Parent and will receive a detailed package describing all such benefit plans promptly following the date hereof.
Position and Term of Employment. Executive’s employment hereunder shall commence as of January 1, 2002, and shall end December 31, 2005, unless terminated sooner pursuant to Section 7 of this Agreement or extended by the mutual agreement of the parties. Executive shall be employed as Chairman of the Board of Directors and Chief Executive Officer of the Company and shall devote his full business time, skill, attention and best efforts in carrying out his duties and promoting the best interests of the Company. Executive shall also serve as a director and/or officer of one or more of the Company’s subsidiaries as may be requested from time to time by the Board of Directors. Subject always to the instructions and control of the Board of Directors of the Company, Executive shall report to the Board of Directors of the Company and shall be responsible for the control, supervision and management of the Company and its business affairs. Executive shall not at any time while employed by the Company or any of its affiliates (as defined in the Amended and Restated Severance Protection Agreement between the Company and Executive dated as of January 1, 2002, (the “SPA”), incorporated in this Agreement by this reference), without the prior consent of the Board of Directors, knowingly acquire any financial interests, directly or indirectly, in or perform any services for or on behalf of any business, person or enterprise which undertakes any business in substantial competition with the business of the Company and its affiliates or sells to or buys from or otherwise transacts business with the Company and its affiliates; provided that Executive may acquire and own not more than five percent (5%) of the outstanding capital stock of any public corporation which sells or buys from or otherwise transacts business with the Company and its affiliates, and he may continue to serve as a member of the Board of Directors of Glencore International AG.
Position and Term of Employment. The offer letter dated has been executed between the Parties on the Employee’s date of joining / dated . Employee is recruited by an Employer on the position titles as “ ” Unless terminated in accordance with its terms, offer letter and all other Agreements between Employee and Employer regarding the Employees relationships with the Company will continue to remain in full force and effect during the Term of the employment. The terms and conditions set forth herein are in addition to Offer Letter and not in derogation thereof and they shall be read in conjunction with Company policies. Any policy infraction will amount to breach of the terms of employment and may lead to termination of the employment. These Terms of Employment and policies shall be subject to modifications, from time to time, upon notice to the Employee
Position and Term of Employment. As of the Effective Date, your role as the Company’s Interim Chief Executive Officer and President will cease. You will continue to serve as a member and Chairman of the Board until the Effective Date. From the Effective Date until immediately prior to the Company’s 2018 annual meeting of stockholders (the “Term”), you will serve as a member and Executive Chairman of the Board, in which capacity your duties, responsibilities and authority will include those set forth on Exhibit A as well as those duties, responsibilities and authority you currently have as a member and Chairman of the Board, subject to the power of the Board to expand or limit such duties, responsibilities and authority, either generally or in specific instances. You will report directly to the Board. Notwithstanding anything in this letter agreement to the contrary, as Executive Chairman you will be an at-will employee of the Company, and you or the Board may terminate your role as Executive Chairman of the Board for any reason or no reason at any time, provided that termination as Executive Chairman will not, of itself, result in your removal or resignation as a member of the Board.
Position and Term of Employment. For the period starting on the Transition Date and ending on the date that the Company appoints a new Chief Executive Officer of the Company (the “Transition Period”), you will serve as Interim CEO of the Company, and you shall have the normal duties, responsibilities and authority of an executive serving in such position, subject to the power of the Board to expand or limit such duties, responsibilities and authority, either generally or in specific instances. Notwithstanding anything in this letter agreement to the contrary, you will be an at-will employee of the Company, and you or the Company may terminate your employment as Interim CEO with the Company for any reason or no reason at any time.
