Term of Employment Duties. (a) The "Term of Employment" shall commence on the effective date of this Agreement and shall continue for an initial term of two (2) years unless earlier terminated as provided in this Agreement (the "Initial Term"). After the Initial Term, the Term of Employment will automatically renew for successive one (1) year terms unless and until either party delivers notice of termination to the other within thirty (30) days of the expirations of the then current term.
(b) During the Term of Employment, the Company shall employ Employee, and Employee shall work for the Company, as President, Chief Operating Officer and Corporate Secretary. In such capacity, Employee shall perform such duties as are traditional and customary to that position and as may be reasonably directed by the Board of Directors of the Company (the "Board")
(c) During the Term of Employment, except as set forth below, Employee shall devote full time and effort to carrying out Employee's duties for the Company hereunder, shall not engage in any activity which would be inconsistent with such duties or with the objectives of the Business (as defined below), and shall diligently perform Employee's obligations and discharge Employee's duties hereunder; provided, however, nothing in this Paragraph shall prevent Employee from devoting time to managing investments, participating with charitable organizations and trade groups or other similar activities. The "Business" of the Company is to investigate, acquire, and manage business opportunities for the Company.
Term of Employment Duties. (1) As used herein, the phrase “Term of Employment” shall mean the period commencing on the Effective Date and ending on the date of termination of Executive’s employment in accordance with any one of Sections 5(a) through 5(e) below.
Term of Employment Duties. 1.1 Jaco hereby employs Girsky as Chairman and President of Jaco, and Girsky hereby agrees to serve Jaco in such capacities and to perform such duties consistent therewith as Jaco’s Board of Directors from time to time shall determine for a period commencing on July 1, 1997 (the “Effective Date”) and ending on the fourth (4th) anniversary of the Effective Date (the “Initial Term”), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky shall provide a notice of non-renewal to the other party (the “Notice of Non-Renewal”), which notice shall be in writing and shall be delivered not less than 90 days prior to an anniversary date after the Effective Date (the “Employment Period”). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the third anniversary date and not less than 90 days prior to the fourth anniversary date of the Effective Date, this Employment Agreement shall continue until the seventh anniversary date of the Effective Date. Notwithstanding anything contained herein to the contrary, in the event that a Notice of Non-Renewal is delivered by either party at such time as Girsky is at least 70 years of age, then this Employment Agreement shall continue for a period of only one (1) year following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered.
Term of Employment Duties. From the period commencing on the date hereof and ending immediately prior to the Effective Time (as defined in the Agreement and Plan of Merger by and among the Company, Champion and PC Merger Sub dated as of April 12, 1996, as amended May 29, 1996, and as such agreement may be amended from time to time (the "Merger Agreement")), the employment of the Executive shall be governed by the terms and conditions set forth in the Prior Agreement. The term of this Agreement (the "Term"), and Executive's employment with the Company hereunder, shall commence at the Effective Time and, unless earlier terminated in accordance with the terms hereof, shall continue until the fifth anniversary of the Effective Time (such initial term of the Agreement referred to as the "Initial Term"); PROVIDED, HOWEVER, that the Term shall automatically be renewed for an additional period of five years (each such period, a "Renewal Period") at the end of the Initial Term and at the end 2 of each Renewal Period, if any, unless either the Company or the Executive provides at least one year's notice to the other of its intention not to renew the Term; and PROVIDED, FURTHER, that if the Merger Agreement is terminated in accordance with its terms prior to the Effective Time or if the Merger is abandoned or otherwise does not close, (x) this Agreement shall automatically terminate without further obligation by either party hereto, (y) the terms and conditions set forth in this Agreement shall not apply and (z) the employment of the Executive shall continue to be governed by the terms and conditions set forth in the Prior Agreement. During the Term, the Executive shall be employed as the Chief Executive Officer of the Company serving at the will of the Board of Directors of the Company (the "Board") with, subject to the express terms and conditions hereof, the traditional duties, responsibilities and authority of such office in companies similar in size to the Company. The Executive agrees that he shall perform his duties hereunder faithfully and to the best of his abilities and in furtherance of the business of the Company and its subsidiaries and shall devote substantially all of his business time, energy and attention to the business of the Company and its subsidiaries; PROVIDED, HOWEVER, that subject to the provisions of Section 10, Executive may devote a portion of his time while an employee of the Company to international commitments and other personal, philanthropic and business affair...
Term of Employment Duties. The Company will employ the Employee in the business of the Company, and the Employee will work for the Company, for the period beginning as of the Employment Date, and ending two (2) years thereafter, and thereafter from year-to-year, unless and until such employment hereunder shall have been earlier terminated as hereinafter provided. During his employment by the Company, the Employee shall perform such duties as shall from time to time be delegated or assigned to him by the Board of Directors of the Company.
Term of Employment Duties. (a) As used herein, the phrase “Term of Employment” shall mean the period commencing on the Effective Date and ending on the earliest to occur of (i) March 31, 2025 or (ii) the date of termination of Executive’s employment in accordance with any one of Sections 5(a) through 5(f) below; provided, however, that the Term of Employment will automatically extend for additional one-year periods unless either party provides notice of non-extension not later than six (6) months prior to March 31, 2025 or any extended annual period.
Term of Employment Duties. 1.1. The Company hereby employs the Employee as Vice-President of the Company, and the Employee hereby agrees to serve the Company in such capacity and to perform such duties consistent therewith as the Board of Directors of the Company (the "Board") from time to time shall determine for a period of two (2) years commencing on September 14, 2004 (the "Initial Term"), and which Employment Agreement shall automatically renew for a period of one (1) year on each anniversary of such date ("Renewal Term") unless notice of termination is provided to the other party ("Notice of Non-Renewal"). Said notice shall be in writing and shall be delivered not less than ninety (90) days prior to an anniversary date or unless the agreement is earlier terminated pursuant to the terms and conditions set forth in Section 4 of this Employment Agreement.
Term of Employment Duties. 1.1. NECI hereby employs Shea as President of NECI, and Shex xxreby agrees to serve NECI ix xxch capacity and to perform such duties consistent therewith as the Co-Chairman of NECI from time to time shall determine for a period of three (3) years commencing on September 17, 2004 (the "INITIAL TERM"), and which Employment Agreement shall automatically renew for a period of one (1) year on each anniversary of such date ("RENEWAL TERM") unless notice of termination is provided to the other party ("NOTICE OF NON-RENEWAL"). Said notice shall be in writing and shall be delivered not less than ninety (90) days prior to an anniversary date or unless the agreement is earlier terminated pursuant to the terms and conditions set forth in Section 4 of this Employment Agreement.
Term of Employment Duties. (a) As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and ending on the earliest to occur of the fourth anniversary of the Effective Date or the date of termination of the Executive's employment in accordance with any one of Sections 6(a) through 6(e) below; provided, however, that the Term of Employment shall be automatically -------- ------- extended without further action of either party for one additional four-year period (the "Single Automatic Extension") unless written notice of either party's intention not to extend has been given to the other party hereto at least 60 days prior to the expiration of the effective Term of Employment; provided further that the Term of Employment may be extended after the Single -------- ------- Automatic Extension, by action of the Company's Board of Directors approving the terms and conditions of an offer of any such extension and giving written notice to Executive of such offer at least 60 days prior to the expiration of the then effective Term of Employment, followed by Executive's acceptance of such offer within such time as may be provided by the Board as a condition of such offer.
Term of Employment Duties a. The "Term of Employment" shall commence on the date of this Agreement and shall terminate on the fifth anniversary of the date hereof or as provided below.
b. During the Term of Employment, NetGenics shall employ Mr. Xxxxxxx, xxd Mr. Xxxxxxx xxxll work for NetGenics, as President and Chief Executive Officer. In this capacity, Mr. Xxxxxxx xxxll have such duties as are customarily associated with and incidental to such position and as may be assigned to Mr. Xxxxxxx xxxm time to time by the Board of Directors of NetGenics (the "Board"), specifically including without limitation acting as one of the members of the Board. Mr. Xxxxxxx xxxll report to and be responsible to the Board. Mr. Xxxxxxx xxxll perform such other or further duties as shall from time to time be requested by the Board which are consistent with his position as an executive officer of NetGenics or as may be mutually agreed upon by Mr. Xxxxxxx xxx the Board.
c. During the Term of Employment, Mr. Xxxxxxx xxxll devote one hundred percent of Mr. Xxxxxxx'x xxxiness time to carrying out Mr. Xxxxxxx'x xxxies hereunder, will not engage in any activity which would be inconsistent with such duties or with the objectives and business of NetGenics and will diligently perform Mr. Xxxxxxx'x xxxigations and discharge Mr. Xxxxxxx'x xxxies hereunder.
