STATUS OF THE EXECUTIVE Sample Clauses

STATUS OF THE EXECUTIVE. The Executive shall not be considered a stockholder of the Company with respect to any shares of Option Stock, except to the extent that the shares of Stock have been purchased by and issued to the Executive.
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STATUS OF THE EXECUTIVE. Director and staff members of the Council
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STATUS OF THE EXECUTIVE. The Company and Varix acknowledge the Executive is neither an employee of or independent contractor as to the Company. Varix is and shall remain solely responsible for all matters related to the compensation of the Executive, including the payment, withholding and remittance of all applicable Federal and state income and employment taxes with respect thereto. The Company and Varix each agree to indemnify and hold harmless the other from any penalty, tax, liability or other damage arising from the failure to perform the obligations set forth in this Section 4 with respect to the services to be rendered to the Company by the Executive.
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STATUS OF THE EXECUTIVE. The Xxxxxxxxx xxxxx xxx be considered a shareholder of the Company with respect to any shares of Option Stock, except to the extent that the shares of Option Stock have been purchased by and issued to the Executive.
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STATUS OF THE EXECUTIVE. The parties expressly acknowledge that the Executive, in the performance of services hereunder, is an employee of the Company. Accordingly, the Company shall deduct from all compensation paid to the Executive pursuant to this Agreement any sums for income tax, unemployment insurance, social security or any other withholding required by any law or other requirement of any governmental body.
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Related to STATUS OF THE EXECUTIVE

  • Duties of the Executive During the Employment the Executive shall:

  • AGREEMENTS OF THE EXECUTIVE In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive covenants as follows:

  • Death of the Executive In the event of the Executive’s death before all payments or benefits the Executive is entitled to receive under this Agreement have been provided, the unpaid amounts will be provided to the Executive’s designated beneficiary, if living, or otherwise to the Executive’s personal representative in a single lump sum as soon as possible following the Executive’s death.

  • Agreements of the Employee In consideration of the compensation and benefits to be paid or provided to the Employee by the Employer under this Agreement, the Employee covenants as follows:

  • By the Executive The Executive may terminate the Employment at any time with a three-month prior written notice to the Company or by payment of three months’ salary in lieu of notice. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation or an alternative arrangement with respect to the Employment is approved by the Board.

  • Duties of the Employee The Executive represents and warrants that the performance by Executive of the Executive’s duties and obligations under this Agreement will not violate any agreement between the Executive and any other person, firm, partnership, corporation or other organization.

  • Covenants of the Executive In consideration of the acknowledgments by the Executive, and in consideration of the compensation and benefits to be paid or provided to the Executive by the Employer, the Executive covenants that he will not, directly or indirectly:

  • Obligations of the Executive The Executive agrees:

  • Termination of Employment by the Executive During the Term, the Executive may terminate employment with the Company with or without Good Reason (as defined below) by delivering to the Company, not less than thirty (30) days prior to the Termination Date, a written notice of termination; provided, that, if such termination of employment is by the Executive with Good Reason, such notice shall state in reasonable detail the facts and circumstances that constitute Good Reason. This provision does not change the at-will nature of Executive's employment, and the Company may end Executive's employment, pursuant to Executive's notice, prior to the expiration of the thirty (30) days' notice.

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