SCHEDULE OF TERMS OF EMPLOYMENT Sample Clauses

SCHEDULE OF TERMS OF EMPLOYMENT. The following special terms and conditions are incorporated into this Employment Agreement as follows:
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SCHEDULE OF TERMS OF EMPLOYMENT. The following special terms and conditions are incorporated into this Employment Agreement as follows: Name of Executive: Christopher R. Salmonson, Social Security Number: (Tax ID#, on-file) Address for Notice: 10501 North West 66th Street, Xxxxxxxx, Xx 00000. Xxxxxxxxx: 561-391-5883, Fax 954-340-3140 E-xxxx: csalmonson@fuelnation.com Positixx xxx Xxxxx: Board Chairman, Chief Executive Officer, and President shall serve on the Board of Directors and serve as a Director of the Company and its affiliate Companies, for terms commensurate with the terms of this Employment Agreement. Errors, Omissions, and Director's insurance shall be obtained and paid for by the Company. Duties and Responsibilities: To oversee a variety of functions, departments, divisions, affiliates, and projects of the Company at an executive level, reporting to the Board of Directors of the Company, with the working location to be at the National Office in Boca Raton, Florida. If the duties and responsibilities are changed by the Company, or the work location is not at the National Office located in Broward or Palm Beach County, this would constitute a termination without cause by the Company. Vacation & Sickness Time: Total paid time off days (PTO-days)shall not exceed 6 weeks per year (which equates to 30 PTO-days). Executive may freely exchange vacation and sick leave time as they deem appropriate; Unused PTO days may be saved for future years, for extended sick leave, extended vacation, or personal time off. Initial Base Salary: $240,000.00 (annual, paid in 24 equal installments), where said base salary shall increase annually at (the greater of) the National CPI index or $15,000 annually; Said salary shall commence on April 1, 2001. Stock Option Plan:
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Related to SCHEDULE OF TERMS OF EMPLOYMENT

  • Terms of Employment This Section 2 sets forth the terms and conditions on which the Company agrees to employ Executive during the period (the "Protected Period") beginning on the first day during the Term of this Agreement on which a Change of Control occurs and ending on the second anniversary of that date, or such earlier date as Executive's employment terminates as contemplated by Section 3.

  • Employment Terms As a condition to your employment with the Company, you are required to (a) sign and return a satisfactory I-9 Immigration form providing sufficient documentation establishing your employment eligibility in the United States, and (b) provide satisfactory proof of your identity as required by United States law.

  • Notice of Termination of Employment Except where local law prohibits enforcement or you resign for Good Reason under the terms of the Plan, you agree that if you voluntarily resign you will give at least six months’ written notice to the Company of your voluntary Termination, which may be working notice or non-working notice at the Company’s sole discretion and which notice period is waivable by the Company at the Company’s sole discretion. This notice period provision supersedes any conflicting notice period provision contained in the award agreements governing your prior long-term incentive awards awarded under the Plan. [SECTION 6 TO BE INSERTED AT DISCRETION OF THE COMMITTEE OR ITS DELEGATE]

  • Employment and Term of Employment Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, as Controller and Secretary for a term (the "Term of Employment") beginning on the date first set forth above (the "Effective Date") and ending on the Expiration Date (defined below). As used in this Agreement, "Expiration Date" means the first anniversary of the Effective Date, provided that on each anniversary of the Effective Date (each such anniversary being referred to as a "Renewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

  • Employment; Acceptance of Employment Company hereby employs Executive and Executive hereby accepts employment by Company for the period and upon the terms and conditions hereinafter set forth.

  • Acceptance and Term of Employment The Company agrees to employ Executive and Executive agrees to serve the Company on the terms and conditions set forth herein. The Term of Employment hereunder shall commence on the Effective Date and shall continue until terminated as provided in Section 8 hereof.

  • Term of Employment and 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 (subject to the notice requirements of this Section 4). This "at-will" nature of Executive's employment shall remain unchanged during Executive's tenure as an employee and may not be changed, except in an express writing signed by Executive and a duly authorized officer of the Company. The term of this Agreement and Executive’s employment hereunder shall commence on the Effective Date and continue until terminated as set forth in this Section 4. The date on which Executive’s employment terminates, as determined by the Company, regardless of the reason, shall be referred to herein as the “Separation Date.” Upon termination of Executive's employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

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