Term of Employment; Termination of Current Agreement Sample Clauses

Term of Employment; Termination of Current Agreement. The term (the “Term”) of the Executive’s employment under this Agreement shall commence on the first day of January, 2021 (the “Commencement Date”), and shall continue until December 31, 2025, unless terminated earlier as provided in Section 5. This Agreement shall replace your current Change in Control Agreement dated February 2014 (the “Current Agreement”), which shall terminate immediately before the Commencement Date.
Sample 1
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Term of Employment; Termination of Current Agreement. Subject to Section 5 hereof, the term of the Executive’s employment under this Agreement shall commence on the first day of January, 2011 (the “Commencement Date”), and shall continue until December 31, 2013, unless terminated earlier as provided in Section 5. In addition, unless terminated earlier as provided in Section 5, the term shall be extended by one (1) additional year at each December 31 after the Commencement Date (an “Extension Date”), so as to continue until three (3) years from such Extension Date, unless either party notifies the other in writing at least ninety (90) days prior to such December 31, that the Agreement shall not be extended beyond its then current term. The term of this Agreement, including any extensions, is referred to as the “Term.” The Executive agrees that the Current Agreement shall terminate at 11:59 p.m., Central Time, on December 31, 2010; provided, however, that any obligation thereunder owed to or by the Executive which has matured thereunder shall remain in effect. The Executive further agrees that this Agreement shall become null and void if the Executive’s employment with the Company ceases prior to the Commencement Date.
Sample 1

Related to Term of Employment; Termination of Current Agreement

  • Term of Employment; Termination (a) The “

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • 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.

  • 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.

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • 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.

  • Early Termination of the Employment Period Notwithstanding Section 1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Term of Agreement; Termination The term of this Agreement shall commence on the date hereof and such term and this Agreement shall terminate upon the earlier to occur of (i) the Effective Time, and (ii) the date on which the Merger Agreement is terminated in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; PROVIDED, HOWEVER, such termination shall not relieve any party from liability for any breach of this Agreement prior to such termination.

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