POST-EMPLOYMENT CONSULTANCY Sample Clauses

POST-EMPLOYMENT CONSULTANCY. After Executive's retirement, resignation and/or termination from employment with Company, but commencing no earlier than what is or would have been Executive's sixty-fifth (65th) birthday and concluding no later than ten (10) years thereafter ("Consultancy Period"), Company shall pay to Executive consulting fees ("Consulting Fees") of: a. 120 equal monthly installments accrued at 1/120th of $150,000 for each month of employment completed by Executive from November 1, 1989 through October 31, 1999, plus b. 120 equal monthly installments accrued at 1/60th of $100,000 for each month of employment completed by Executive from November 1, 1999 through October 31,
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POST-EMPLOYMENT CONSULTANCY. After Executive's retirement, resignation and/or termination from employment with Company, but commencing no earlier than what is or would have been Executive's sixty-fifth (65th) birthday and concluding no later than ten (10) years after commencement ("Consultancy Period"), Company shall pay to Executive consulting fees ("Consulting Fees") of: a. 120 equal monthly installments of $2,083.00 for a total of $250,000. b. During the Consultancy Period: (i) Executive shall provide Company with such occasional executive or managerial services as reasonably requested by the person with the title set forth in Paragraph C hereof, except that failure to render such services by reason of death or disability, or unavailability because of absence from the County of Employment, shall not effect Executive's right to receive such Consulting fees, (ii) Company shall pay directly or reimburse Executive for reasonable business expenses of Company incurred by Executive in connection with such services requested by the persons with the title set forth in Paragraph C hereof, upon presentation to that person by Executive within sixty (60) days after incurring such expense of an itemized request for payment including the date, receipts for all such expenses in excess of Twenty-Five Dollars ($25) each, (iii) Company shall pay Executive's Consulting Fees pursuant to this Paragraph X.3 herein, (iv) Executive shall not be eligible or entitled to receive or participate in any other of the Company's then current fringe benefits, and (v) Executive shall be deemed an independent contractor and not an employee of the Company. c. If Executive dies before receiving any or all payments to Executive of such Consulting Fees, all unpaid Consulting Fees shall be paid monthly to Executive's estate or trust commencing from the month in which Executive would have reached Executive's sixty-fifth (65) birthday or continuing from the date of death following such commencement.
Sample 1
POST-EMPLOYMENT CONSULTANCY. This Section sets forth the terms and conditions of Executive’s consultancy with the Company following a termination without Cause or a resignation for Good Reason occurring at any time during Executive’s employment with the Company.
Sample 1
POST-EMPLOYMENT CONSULTANCY. Upon the termination of Employee’s employment with the Company for any reason, the Company may, at its option, retain Employee as a consultant to the Company for an additional one year period. The Company may exercise such right by providing written notice to such effect to the Employee within 30 days after his last day of employment. If the Company elects to retain Employee as a consultant, Employee’s responsibilities in such position shall be to assist in the transition to a new Chief Executive Officer, provide strategic advice to the Company and to otherwise provide such counsel and advice as the Company shall reasonably request of a senior consultant. In such capacity Employee shall report directly to the Chairman of the Board of the Company, shall not be required to provide services to the Company for more than 10 hours per month, and shall not be required to travel. Employee shall continue to be bound by his Employee Invention Assignment and Confidentiality Agreement during this period of consultancy, to the extent applicable to his consulting work, and shall not provide services (as an employee, consultant, Board member or otherwise) to, or otherwise assist, directly or indirectly, any other company involved in the development, manufacture or distribution of contact lenses during the consultancy period. The Company shall pay Employee Eight Thousand Three Hundred Thirty-Three Dollars and Thirty-Three Cents ($8,333.33) per month for his consulting services. The Company shall not be obligated to make any other payments or provide any other benefits to Employee on account of his consulting services, including, without limitation, the provision of employee benefits or continued option vesting. Notwithstanding the foregoing, the election of the Company to retain Employee as a consultant shall not limit in any way the Company’s obligations to make payments to Employee that are due upon termination of his employment, as otherwise set forth herein.
Sample 1
POST-EMPLOYMENT CONSULTANCY. After Executive's retirement, resignation and/or termination from employment with Company, but commencing no earlier than what is or would have been Executive's sixty-fifth (65th) birthday and concluding no later than ten (10) years thereafter ("Consultancy Period"), Company shall pay to Executive consulting fees ("Consulting Fees") of: EXHIBIT 10.58 9 a. 120 equal monthly installments accrued at 1/120th of $120,000 for each month of employment completed by Executive from January 1, 1997 through December 31, 2006; plus
Sample 1

Related to POST-EMPLOYMENT CONSULTANCY

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee's employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee's employment at any time in any lawful manner. (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee's regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. (c) If Employee's employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. (d) If Employee's employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee's termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee's date of termination shall be deemed to be the Change in Control Date.

  • 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.

  • Outside Employment Employees may engage in other employment outside of their State working hours so long as the outside employment does not involve a conflict of interest with their State employment. Whenever it appears that any such outside employment might constitute a conflict of interest, the employee is expected to consult with his/her appointing authority or other appropriate agency representative prior to engaging in such outside employment. Employees of agencies where there are established procedures concerning outside employment for the purpose of insuring compliance with specific statutory restrictions on outside employment are expected to comply with such procedures.

  • TERMINATION OF EMPLOYMENT CONTRACT This employment contract may be terminated by: A. Mutual agreement of the parties. B. The Facilities Manager may terminate this employment contract upon sixty (60) days written notice to the Board or the Superintendent, as the case may be.

  • Employment Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions set forth herein.

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Summer Employment 5.10.1 Summer employment is defined as temporary employment of employees during their non-contract days between the end of one school year and the beginning of the next school year in classifications covered by this agreement. 5.10.2 All terms and conditions of this agreement shall be in force throughout any period of "summer employment" except for any deviations specifically addressed in thissection. 5.10.3 Employees who wish to be employed in summer employment must apply for a position(s) advertised on the district's employment website as temporary summer positions become available. 5.10.4 Employees shall be eligible for summer employment according to the employee's classification, district wide seniority, training, experience, and skills and the needs of the district.

  • Subsequent Employment Those teachers whose employment commences after the start of the school year shall pay a pro-rated amount equal to the percentage of the remaining school year.

  • Project Employment A. Permanent project employees have layoff rights. Options will be determined using the procedure outlined in Sections 35.9 and 35.10, above. B. Permanent status employees who left regular classified positions to accept project employment without a break in service have layoff rights within the Employer in which they held permanent status to the job classification they held immediately prior to accepting project employment.

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

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