Term of Employment; Position and Duties Sample Clauses

Term of Employment; Position and Duties a) The term of Executive’s employment with the Company under this Agreement (the “Term”) shall be for the period beginning on the Start Date and continuing until Executive’s employment with the Company is terminated in accordance with the terms of this Agreement.
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Term of Employment; Position and Duties. A. Except as otherwise provided in Section XI hereof, the term of this Agreement (the "Term") shall be a continuous three year period commencing on the Effective Date and continuing for a period such that on each "Anniversary Date", as defined below, an additional year automatically shall be added. At any time during the 60-day period prior to any Anniversary Date, either party may provide written notice, with or without cause, to the other party of that party's intention not to extend the Term of this Agreement beyond the number of years then remaining in the Term, which number shall always be three. Such written notice shall be deemed the notice to terminate this Agreement at the end of the three-year term then in effect. The "Anniversary Date," as used herein, shall be the anniversary date of the Effective Date of each year during the Term, including each year beyond the first three years of the Term. It is the intention of the parties that the Term as of each Anniversary Date automatically shall be three years, that three years' written notice shall be required to terminate this Agreement except as otherwise provided in Section XI hereof and that said written notice to terminate may only be given during the 60-day period prior to any Anniversary Date.
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Term of Employment; Position and Duties a) The term of employment under this Agreement (the “Term”) shall be for the period beginning on the date of the consummation of the transactions contemplated by the Merger Agreement (the “Effective Date”) and ending on December 31, 2020, unless earlier terminated as provided in Section 5.
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Term of Employment; Position and Duties. (a) Effective as of August 6, 1998 (the "Commencement Date"), the Executive shall continue to serve as the Chief Executive Officer of the Company and shall have such powers and duties as are commensurate with such position and as may be conferred upon him from time to time by the Board of Directors of the Company (the "Board"). Except as specifically set forth in this Section 1(a), the terms of the Executive's employment shall, for the period commencing on the Effective Date and continuing until the date upon which a Qualifying Offering (as defined in Section 1(e)(i) below) is consummated (the "Initial Period"), be governed by the Consulting Agreement. For all services rendered by the Executive in any capacity required hereunder during the Initial Period, including, without limitation, services as an executive officer, director, or member of any committee of the Company or any subsidiary, affiliate or division thereof, the Executive shall be compensated at a rate of $12,000 per month. Notwithstanding anything set forth in this Agreement to the contrary, if the Company does not consummate a Qualifying Offering on or before January 31, 1999, then the Executive shall no longer be required to provide services hereunder and this Agreement shall terminate; provided, however, that the Executive and the Company may agree in writing to extend the Initial Period for additional monthly terms, which shall be terminable by either party on not less than 30 days prior written notice. Except as otherwise set forth herein, all terms and conditions of the Consulting Agreement shall remain in full force and effect.
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Term of Employment; Position and Duties 
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Related to Term of Employment; Position and Duties

  • Employment, Position and Duties (a) The Company shall employ Executive and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the Employment Period.

  • Term of Employment and Duties (a) The Bank hereby employs the Executive as the Executive Vice President and Chief Financial Officer of the Bank, and the Executive hereby accepts said employment and agrees to render such services to the Bank on the terms and conditions set forth in this Agreement. The terms and conditions of this Agreement shall be and remain in effect during the period beginning on the Effective Date of this Agreement and ending on the second anniversary of the Effective Date, plus such extensions, if any, as are provided pursuant to Section 2(b) hereof (the “Employment Period”).

  • Employment Term and Duties Section 1.1.

  • Employment Term Duties The Company hereby continues to employ the Employee as Chief Technology Officer ("CTO"). The term of the Employee's employment, pursuant to this Agreement, will commence on October 29, 1999, (the "Commencement Date") and will continue until October 31, 2001, or the termination of this Agreement as described in Section 5 hereof, whichever shall occur first. The Employee hereby agrees to his continued employment, and agrees to devote his full time and effort to the business and affairs of the Company with such duties consistent with the Employee's position as may be assigned to him from time to time by the Board of Managers of the Company and/or the Chief Executive Officer ("CEO") or the Chief Operating Officer ("COO") of the Company. Notwithstanding the foregoing, the Company acknowledges that the Employee has other business interests and ownerships. Subject to the provisions of Sections 7 through 10 hereof, the Company acknowledges and consents to the continuation of these ownerships and relationships, provided they do not interfere with the Employee's duties under this Agreement. Notwithstanding anything to the contrary in this Agreement, nothing in this Agreement shall be deemed to impose any obligation on the Company or any of its subsidiaries to continue to employ the Employee, or on the Employee to remain in the employ of the Company or any of its subsidiaries.

  • Employment Terms and Duties 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to provide services for the Corporation as its Executive Vice President, Operations. The Executive shall serve as and perform the duties of Executive Vice President, Operations of the Corporation during the Term (defined hereinafter) of this Agreement.

  • Term of Employment; Termination (a) The “

  • Employment Duties The Company hereby employs the Executive for the Term (as defined in Section 2.1), to render exclusive and full-time services to the Company as President and Chief Operating Officer or in such other executive position as may be mutually agreed upon by the Company and the Executive, and to perform such other duties consistent with such position as may be assigned to the Executive by the Board of Directors or any officer of the Company senior to the Executive.

  • Executive Duties During and after Executive’s employment with the Company, Executive shall, without additional compensation: (i) promptly disclose to the Company any Employee Development, specifically identifying any inventions, improvements or other portions of the Employee Development that are potential patentable or susceptible to protection as a trade secret; (ii) execute and deliver any and all applications, assignments, documents, and other instruments that the Company shall deem necessary to protect the right, title and interest of the Company or its designee in or to any Employee Development; (iii) reasonably cooperate and assist in providing information for making and completing regulatory and other filings in connection with any Employee Development; (iv) reasonably cooperate and assist in providing information for or participating in any action, threatened action, or considered action relating to any Employee Development; and (v) take any and all other actions as the Company may otherwise require with respect to any Employee Development.

  • Term of Employment The Executive’s employment under this Agreement will commence on the date hereof and will continue for a period of one (1) year thereafter, subject to earlier termination as provided in Section 8 (the “Term”). This Agreement and the Term will be automatically renewed and extended for periods of one (1) year unless the Company or the Executive provides written notice no less than thirty (30) days prior to the expiration of the then-current Term of its or the Executive’s desire not to renew this Agreement.

  • Duties During the Period of Employment As Employer’s Executive Vice President and Chief Operating Officer, Employee shall have full responsibility, subject to the control of Employer’s President and Chief Executive Officer and/or the authorized designee of Employer’s Board of Directors, for the supervision of all assigned aspects of Employer’s business and operations, including all activities related to banking, operations, wealth management, insurance and employee benefit services, and the discharge of such other duties and responsibilities to Employer, not inconsistent with such position, as may from time to time be reasonably assigned to Employee by Employer’s President and Chief Executive Officer, or the authorized designee of Employer’s Board of Directors. Employee shall report to Employer’s President and Chief Executive Officer. Employee shall devote Employee’s best efforts to the affairs of Employer, serve faithfully and to the best of Employee’s ability and devote all of Employee’s working time and attention, knowledge, experience, energy and skill to the business of Employer, except that Employee may affiliate with professional associations, and business, civic and charitable organizations, provided that such affiliations are not inconsistent with and do not interfere with the performance of Employee’s duties under this Agreement. Employee shall serve on the Board of Directors of, or as an officer of Employer’s affiliates, without additional compensation if requested to do so by the Board of Directors of Employer. Employee shall receive only the compensation and other benefits described in this Agreement for Employee’s services to affiliates of Employer.

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