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.
Term of Employment and Termination. The original term of employment under this Agreement shall be two (2) years after the Effective Date listed above and subject to the following provisions:
Term of Employment and Termination. The initial term of this Agreement and Employee’s employment hereunder shall be the one-year period commencing on the Effective Date and terminating on the first anniversary of the Effective Date (the “Initial Term”), provided that, on such anniversary of the Effective Date and on each annual anniversary thereafter, this Agreement and Employee’s employment hereunder shall automatically renew for successive one (1) year periods on the same terms and conditions set forth herein unless: (i) earlier terminated or amended as provided herein or (ii) either party gives the other written notice of non-renewal at least sixty (60) days prior to the end of the Initial Term or any renewal term of this Agreement, in which case, this Agreement and Employee’s employment shall terminate at the end of the Initial Term or renewal term, as applicable. The Initial Term and all applicable renewals thereof are referred to herein as the “Term.”
Term of Employment and Termination. The original term of employment under this Agreement shall be from the Effective Date listed above to June 14, 2012 and subject to the following provisions:
Term of Employment and Termination. The term of employment shall be for a one (1) year period commencing on May 01, 2003 and terminating on April 30, 2004 subject to the following provisions:
Term of Employment and Termination. The initial term of this Agreement and Employee's employment hereunder shall be the one-year period commencing on the Effective Date and terminating on the first anniversary of the Effective Date (the "Initial Term"), provided that, on such anniversary of the Effective Date and on each annual anniversary thereafter, this Agreement shall automatically renew for successive one year periods on the same terms and conditions set forth herein unless: (a) earlier terminated or amended as provided herein or (b) either party gives the other written notice of non-renewal at least sixty (60) days prior to the end of the Initial Term or any renewal term of this Agreement. The Initial Term and all applicable renewals thereof are referred to herein as the "Term."
Term of Employment and Termination. The original term of employment under this Agreement shall be for a one (1) year commencing as of the Effective Date and terminating one (1) year thereafter subject to the following provisions:
Term of Employment and Termination. The original term of employment under this Agreement shall be for a two (2) year period commencing on September 5, 2006 and terminating on September 4, 2008 subject to the following provisions:
Term of Employment and Termination. 5.1 The term of the Employee’s employment pursuant to this Agreement shall commence on May 1, 2001 and continue until such time as it is terminated pursuant to this section 5.
5.2 The Company may terminate the Employee’s employment at any time with no notice, for cause. If this Agreement and the Employee’s employment are terminated for cause, no notice, pay in lieu of notice, Salary, benefits, stock options shall be paid or payable to the Employee after or as a result of such termination.
5.3 The Company may terminate the Employee’s employment at any time, without cause, upon providing to the Employee:
(a) three months of notice or payment of three months’ Salary in lieu of notice or a combination thereof; and
(b) one additional month of notice or Salary in lieu of notice or combination thereof for each of the Employee’s completed years of service after January 2, 2001.
5.4 The amount of notice in writing or pay in lieu of notice or combination thereof provided for in section 5.3 is inclusive of any entitlement to notice or pay in lieu pursuant to the Employment Standards Act, R.S.B.C. 1996, c.113.
5.5 Notwithstanding the terms of the Stock Option Plan, in the event the Employee’s employment is terminated by the Company without cause then any stock options granted to the Employee shall cease to vest on the effective date of termination pursuant to the notice of termination and shall be exercisable in accordance with the terms of the Stock Option Plan and, subject to the Stock Option Plan or stock option agreement, shall remain exercisable until 90 days following the Employee’s last day of work.
5.6 If prior to the termination of this Agreement, there is a Change in Control (as such term is defined herein) and in the next 6 month period following the Change in Control (“Protection Period”), any of the following occur:
(a) the Employee’s employment is terminated for reasons other than cause, permanent disability or death; or
(b) the Employee resigns within 30 days following:
(i) a material change (other than a change that is clearly and exclusively consistent with a promotion) in the Employee’s position, duties, responsibilities, title or office in effect immediately prior to the Change in Control;
(ii) a failure by the Company to increase the Employee’s Salary or other forms of compensation in a manner consistent with increases granted generally to the Company’s other executives;
(iii) a decrease in the Employee’s Salary or a material decrease in the Employ...
Term of Employment and Termination. The term of employment under this Agreement shall be for a two (2) year period commencing on July 2, 2007 and terminating on July 2, 2009 subject to the following provisions:
