Term of Your Employment. The term of this Agreement will begin on the “Commencement Date” set forth in your Schedule and will end at the close of business on March 31, 2014 (the “Agreement Term”). Upon the expiration of the Agreement Term, you will continue to be an employee of MF Global “at-will” (unless and until MF Global or you gives written notice to the other of termination). All references to “your employment” in this Agreement will refer to your employment during the Agreement Term. On or prior to December 31, 2013, MF Global shall provide to you in writing (i) proposed terms for amendment or replacement of this Agreement with a new employment agreement addressing substantially the same terms and conditions as this Agreement or (ii) notice that it does not intend to propose terms for such amended or new employment agreement, and expects your employment to terminate at the close of business on March 31, 2014. The provisions of Sections 3(c), 3(d), 3(e), 5(d), 7, 8, 9, 11, 12 and 13 shall survive the termination of the Agreement Term and any concurrent or subsequent termination of your employment thereunder and shall continue to be in effect thereafter to the extent applicable; and Section 6 shall survive any termination of your employment occurring prior to the expiration of the Agreement Term. For the avoidance of doubt, you will not be entitled to any payments or benefits under Section 6 of this Agreement upon any termination of your employment on or after the expiration of the Agreement Term.
Appears in 2 contracts
Samples: Employment Agreement, Employment Agreement (MF Global Holdings Ltd.)
Term of Your Employment. The term of this Agreement will begin on the “Commencement Date” set forth in your Schedule and will end at the close of business on March 31, 2014 (the “Agreement Term”). Upon Commencing employment, the Agreement Term will extend for successive (2) year periods upon written notice by MF Global to you not later than six (6) months prior to the expiration of the initial or any successive term of this Agreement Term, you will continue to be an employee of MF Global “at-will” (unless and until MF Global or you gives provide written notice to the other of terminationnon-extension within (1) month after such notice). All references to “your employment” in this Agreement will refer to your employment during the Agreement Term. On or prior to December 31, 2013, MF Global shall provide to you in writing (i) proposed terms for amendment or replacement of this Agreement with a new employment agreement addressing substantially the same terms and conditions as this Agreement or (ii) notice that it does not intend to propose terms for such amended or new employment agreement, and expects your employment to terminate at the close of business on March 31, 2014. The provisions of Sections 3(c), 3(d), 3(e), 5(d), 7, 8, 910, 1111 and 12, 12 and 13 the provisions of the Schedule applicable thereto, shall survive the termination of the Agreement Term and any concurrent or subsequent termination of your employment thereunder and shall continue to be in effect thereafter to the extent applicable; and Section 6 and the provisions of the Schedule applicable thereto, shall survive any termination of your employment occurring prior to the expiration of the Agreement Term. For the avoidance of doubt, you will not be entitled to any payments or benefits under Section 6 of this Agreement upon any termination of your employment on or after the expiration of the Agreement Term.
Appears in 1 contract
Term of Your Employment. The term of this Agreement will begin began on the “Commencement Date” set forth in your Schedule and will end at the close of business on March 31, 2014 2011 (the “Agreement Term”). Upon the expiration of the Agreement Term, you will continue to be an employee of MF Global “at-will” (unless and until MF Global or you gives written notice to the other of termination). All references to “your employment” in this Agreement will refer to your employment during the Agreement Term. On or prior to December 31, 20132010, MF Global shall provide to you in writing (i) proposed terms for amendment or replacement of this Agreement with a new employment agreement addressing substantially the same terms and conditions as this Agreement or (ii) notice that it does not intend to propose terms for such amended or new employment agreement, and expects your employment to terminate at the close of business on March 31, 20142011. The provisions of Sections 3(c), 3(d), 3(e), 5(d), 7, 8, 9, 11, 12 and 13 shall survive the termination of the Agreement Term and any concurrent or subsequent termination of your employment thereunder and shall continue to be in effect thereafter to the extent applicable; and Section 6 shall survive any termination of your employment occurring prior to the expiration of the Agreement Term. For the avoidance of doubt, you will not be entitled to any payments or benefits under Section 6 of this Agreement upon any termination of your employment on or after the expiration of the Agreement Term.
Appears in 1 contract