Common use of Position and Term Clause in Contracts

Position and Term. Effective as of the date of this Agreement, the Corporation continues to employ the Employee, and the Employee accepts continued employment with the Corporation, as _____________________ of the Corporation. The term of the Employee’s employment is “at will” meaning that either the Employee or the Corporation can end the Employee’s employment at any time and for any reason. The initial term of this Agreement commences on the date of this Agreement and terminates on December 31, 2008. The term of this Agreement will be renewed automatically from year to year thereafter, unless either the Employee or the Corporation notifies the other at least ninety (90) days prior to December 31, 2008 or December 31st of any subsequent year of its or his desire to terminate this Agreement as of the December 31st immediately following the service of notice. While he is employed by the Corporation, the Employee shall devote substantially all of his business time, ability, and attention for the benefit of the business of the Corporation. Nothing in this Section 1, however, will prevent the Employee from engaging in additional activities in connection with personal investments, charitable, civic, educational, professional, industry, or community affairs that are not inconsistent with the Employee's duties under this Agreement. The Employee’s duties shall include those as are customary for someone of his position at comparable corporations.

Appears in 1 contract

Samples: Form of Agreement (Lca Vision Inc)

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Position and Term. Effective as of the date of this Agreement, the Corporation continues to employ employs the Employee, and the Employee accepts continued employment with the CorporationCorporation as Senior Vice President, as _____________________ Operations and Marketing of the Corporation. The term of the Employee’s employment is “at will” meaning that either the Employee or the Corporation can end the Employee’s employment at any time and for any reason. The initial term of this Agreement commences on the date of this Agreement and terminates on December 31, 20082013. The term of this Agreement will be renewed automatically from year to year at December 31, 2013 and every 12 months thereafter, unless either the Employee or the Corporation notifies the other at least ninety (90) days prior to December 31, 2008 or December 31st of any subsequent year the termination date of its or his desire to terminate this Agreement as of the December 31st termination date immediately following the service of notice. While he is employed by the Corporation, the Employee shall devote substantially all of his business time, ability, and attention for the benefit of the business of the Corporation. Nothing in this Section 1, however, will prevent the Employee from engaging in additional activities in connection with personal investments, charitable, civic, educational, professional, industry, or community affairs that are not inconsistent with the Employee's ’s duties under this Agreement. The Employee’s duties shall include those as are customary for someone of his position at comparable corporations.

Appears in 1 contract

Samples: Agreement (Lca Vision Inc)

Position and Term. Effective as of the date of this Agreement, the Corporation continues to employ the Employee, and the Employee accepts continued employment with the Corporation, Corporation as _____________________ Chief Executive Officer of the Corporation. The term of the Employee’s employment is “at will” meaning that either the Employee or the Corporation can end the Employee’s employment at any time and for any reason. The initial term of this Agreement commences on the date of this Agreement and terminates on December 31, 20082013. The term of this Agreement will be renewed automatically from year to year thereafter, unless either the Employee or the Corporation notifies the other at least ninety (90) days prior to December 31, 2008 2013 or December 31st of any subsequent year of its or his desire to terminate this Agreement as of the December 31st immediately following the service of notice. While he is employed by the Corporation, the Employee shall devote substantially all of his business time, ability, and attention for the benefit of the business of the Corporation. Nothing in this Section 1, however, will prevent the Employee from engaging in additional activities in connection with personal investments, charitable, civic, educational, professional, industry, or community affairs that are not inconsistent with the Employee's ’s duties under this Agreement. The Employee’s duties shall include those as are customary for someone of his position at comparable corporations.

Appears in 1 contract

Samples: Amended and Restated Agreement (Lca Vision Inc)

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Position and Term. Effective as of the date of this Agreement, the Corporation continues to employ employs the Employee, and the Employee accepts continued employment with the Corporation, Corporation as _____________________ Chief Financial Officer of the Corporation. The term of the Employee’s employment is “at will” meaning that either the Employee or the Corporation can end the Employee’s employment at any time and for any reason. The initial term of this Agreement commences on the date of this Agreement and terminates on December 31June 30, 20082013. The term of this Agreement will be renewed automatically from year to year on June 30, 2013 and every six months thereafter, unless either the Employee or the Corporation notifies the other at least ninety (90) days prior to December 31, 2008 or December 31st of any subsequent year the termination date of its or his her desire to terminate this Agreement as of the December 31st termination date immediately following the service of notice. While he she is employed by the Corporation, the Employee shall devote substantially all of his her business time, ability, and attention for the benefit of the business of the Corporation. Nothing in this Section 1, however, will prevent the Employee from engaging in additional activities in connection with personal investments, charitable, civic, educational, professional, industry, or community affairs that are not inconsistent with the Employee's ’s duties under this Agreement. The Employee’s duties shall include those as are customary for someone of his her position at comparable corporations.

Appears in 1 contract

Samples: Agreement (Lca Vision Inc)

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