Common use of Position and Term of Employment Clause in Contracts

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 Vice President (and President, Multilayer Technology, Inc.) 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 duties of the Vice President and President, Multilayer Technology, Inc. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

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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 Vice President (Chairman of the Board and President, Multilayer Technology, Inc.) 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 Chief Executive Officer Board of Directors of the Company and shall be responsible for the duties control, supervision and management of the Vice President Company and President, Multilayer Technology, Inc. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

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 Senior Vice President (and President, Multilayer TechnologyDOVatron International, Inc.) 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 duties of the Senior Vice President and President, Multilayer TechnologyDOVatron International, Inc. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1998 and shall end December 31, 2000, unless terminated sooner pursuant to Section 7 6 of this Agreement or extended by the mutual agreement of the parties. During the term hereof, Executive shall be employed as Senior Vice President (and President, Multilayer Technology, Inc.) Director of Overseas Operations 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 duties of the Senior Vice President and President, Multilayer TechnologyDirector of Overseas Operations. Executive's duties under this Agreement shall be limited to those duties performed while outside of the United States and shall be subject to the fulfillment by Executive of his duties under his Employment Agreement with The DII Group, Inc. ("DII"). 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.

Appears in 1 contract

Samples: Employment and Deferred Compensation Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1998 and shall end December 31, 2000, unless terminated sooner pursuant to Section 7 6 of this Agreement or extended by the mutual agreement of the parties. During the term hereof, Executive shall be employed as Senior Vice President (and President, Multilayer TechnologyDOVatron International, Inc.) 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 duties of the Senior Vice President and President, Multilayer TechnologyDOVatron International, Inc. 2 Executive's duties under this Agreement shall be limited to those duties performed while present in the United States relating to the Company and the Company's subsidiaries. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 2002, and shall end December 31, 20002004, 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 Vice President (and President, Multilayer Technology, Inc.) Chief Operating 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 duties day-to-day operations of the Vice President Company and President, Multilayer Technology, Inc. for the development and implementation of the Company's short and long-range operating and capital plans. Executive shall not at any time while employed by the Company or any of its affiliates or for a period (as defined in the Amended and Restated Severance Protection Agreement between the Company and Executive dated as of one January 1, 2002, (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"SPA"), incorporated herein 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 mutual fund. Executive shall not at any time while employed by buys from or otherwise transacts business with 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 and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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 Senior Vice President (and President, Multilayer Technology, Inc.) 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 duties of the Senior Vice President and President, Multilayer Technology, Inc. Chief Financial Officer. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1998 and shall end December 31, 2000, unless terminated sooner pursuant to Section 7 6 of this Agreement or extended by the mutual agreement of the parties. During the term hereof, Executive shall be employed as Senior Vice President (and President, Multilayer TechnologyDOVatron International, Inc.) 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 duties of the Senior Vice President and President, Multilayer TechnologyDOVatron International, Inc. Executive's duties under this Agreement shall be limited to those duties performed while present in the United States relating to the Company and the Company's subsidiaries. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 2002, and shall end December 31, 20002004, unless terminated sooner pursuant to Section 7 of this Agreement or extended by the mutual agreement of the parties. During the term hereofperiod January 1, 2002, through December 31, 2002, Executive shall be employed as Vice President (Chairman of the Board of Directors and President, Multilayer Technology, Inc.) 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 Chief Executive Officer Board of Directors of the Company and shall be responsible for the duties control, supervision and management of the Vice President Company and Presidentits business affairs. From January 1, Multilayer Technology2003, Inc. through December 31, 2004, Executive shall serve as Chairman of the Board. In this capacity, Executive shall devote approximately fifty percent of his time to working with the Company. Executive shall be available to work with and advise and assist the Chief Executive Officer and other executives of the Company on a broad range of strategic and other issues, including the Company's growth strategy, its financial planning and structure, acquisitions, succession planning and such other matters as the Chief Executive Officer or Board of Directors may reasonably request. Executive shall not at any time while employed by the Company or any of its affiliates or for a period (as defined in the Amended and Restated Severance Protection Agreement between the Company and Executive dated as of one January 1, 2002, (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"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 mutual fund. Executive shall not at any time while employed by buys from or otherwise transacts business with the Company or any of and its affiliates or for affiliates, and he may continue to serve as 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 member of the Company or any Board of its affiliatesDirectors of Glencore International AG.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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 Senior Vice President (and PresidentSenior Vice President of Materials and Information Systems, Multilayer TechnologyDOVatron International, Inc.) 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 2 Company and shall be responsible for the duties of the Senior Vice President and PresidentSenior Vice President of Materials and Information Systems, Multilayer TechnologyDOVatron International, Inc. 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

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Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 2002, and shall end December 31, 20002004, 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 Executive Vice President (and President, Multilayer Technology, Inc.) 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 duties day-to-day financial affairs of the Vice President Company and President, Multilayer Technology, Inc. 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 or for a period (as defined in the Amended and Restated Severance Protection Agreement between the Company and Executive dated as of one January 1, 2002, (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"SPA"), incorporated herein 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 mutual fund. Executive shall not at any time while employed by buys from or otherwise transacts business with 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 and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1999 and shall end December 31, 20002001, 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 Vice President (and President, Multilayer Technology, Inc.) Chief Operating 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 duties day-to-day operations of the Vice President Company and President, Multilayer Technology, Inc. for the development and implementation of the Company's short- and long-range operating and capital plans. Executive shall not at any time while employed by the Company or any of its affiliates or for a period (as defined in the Severance Protection Agreement between the Company and Executive dated as of one March 1, 1996, as amended by an Amendment dated as of January 1, 1999, (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"SPA")), without the prior consent of the Board of Directors, knowingly acquire any 2 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 mutual fund. Executive shall not at any time while employed by buys from or otherwise transacts business with 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 and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1998 and shall end December 31, 2000, unless terminated sooner pursuant to Section 7 6 of this Agreement or extended by the mutual agreement of the parties. During the term hereof, Executive shall be employed as Senior Vice President (and President, Multilayer Technology, Inc.) Director of Overseas Operations 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 duties of the Senior Vice President and President, Multilayer TechnologyDirector of Overseas Operations. Executive's 2 duties under this Agreement shall be limited to those duties performed while outside of the United States and shall be subject to the fulfillment by Executive of his duties under his Employment Agreement with The DII Group, Inc. ("DII"). 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.

Appears in 1 contract

Samples: Employment and Deferred Compensation Agreement (Dii Group Inc)

Position and Term of Employment. Executive's employment hereunder shall commence as of January 1, 1997 1999 and shall end December 31, 20002001, 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 Executive Vice President (and President, Multilayer Technology, Inc.) 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 duties day-to-day financial affairs of the Vice President Company and President, Multilayer Technology, Inc. for the development and implementation of the Company's short- and long-range financial plans. Executive shall not at any time while employed by the Company or any of its affiliates or for a period (as defined in the Severance Protection Agreement between the Company and Executive dated as of one March 1, 1996, as amended by an Amendment dated as of January 1, 1999, (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"SPA")), without the prior consent of the Board of Directors, knowingly acquire any 2 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 mutual fund. Executive shall not at any time while employed by buys from or otherwise transacts business with 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 and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Century Aluminum Co)

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 Senior Vice President (of Sales and President, Multilayer Technology, Inc.) Marketing 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 duties of the Senior Vice President of Sales and President, Multilayer Technology, Inc. Marketing. 2 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.

Appears in 1 contract

Samples: Employment Agreement (Dii Group Inc)

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