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; Termination of Employment. (a) Subject to the terms and provisions of this Agreement, Employee’s employment hereunder shall commence as of January 1, 2010 and shall continue until December 31, 2012 (the “Expiration Date”).
(b) The employment of Employee hereunder may be terminated by the Company with or without Cause (as defined below) or by Employee with or without Good Reason (as defined below). Employee’s employment shall terminate automatically if Employee dies. If the Company determines in good faith that the Disability (as defined below) of Employee has occurred, it may give to Employee written notice of its intention to terminate Employee’s employment. In such event, Employee’s employment with the Company shall terminate effective on the 30th day after receipt of such notice by Employee, provided that, within the 30 days after such receipt, Employee shall not have returned to full-time performance of Employee’s duties.
Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and ending three (3) years from the Effective Date, provided that as of the expiration date of each of (i) the initial three (3) year Term of Employment and (ii) if applicable, any Renewal Period (as defined below), the Term of Employment shall automatically be extended for a one (1) year period (each a "Renewal Period") unless either the Company or Executive provides six (6) months' notice to the contrary. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:
Term; Termination of Employment. (a) The term of Executive’s employment under this Agreement (the “Employment Period”) shall commence as of the Effective Date and shall terminate on the third anniversary thereof; provided that (i) the Employment Period shall automatically renew for successive one-year periods on the third anniversary of the Effective Date and on the last day of each successive one-year period unless either party provides advance written notice to the other party no less than twelve (12) months prior to the commencement of a succeeding one-year period, in which case Executive’s employment and the Employment Period shall terminate on the day immediately prior to the commencement of such successive one-year period, and (ii) the Employment Period shall earlier terminate immediately upon Executive’s resignation (with or without Good Reason (as defined below)), Executive’s death, or termination of Executive’s employment by the Company due to Disability (as defined below), for Cause (as defined below) or without Cause.
(b) Except as otherwise provided herein, any termination of the Employment Period by the Company shall be effective as specified in a written notice from the Company to Executive. Executive acknowledges the payments and other benefits provided by the Company to Executive hereunder during the Employment Period and the Severance Period (as defined below), if applicable, and in consideration for such payments and benefits Executive agrees, among other things, to provide the Company with at least sixty (60) days’ prior written notice of Executive’s resignation for other than Good Reason. Executive acknowledges and agrees that there is no assurance that this Agreement shall be renewed or extended upon the expiration of the Employment Period, and neither Executive nor the Company has any obligation to renew or extend this Agreement or any right to require any such renewal or extension and, except as otherwise set forth in Section 6(e), a failure to renew or extend this Agreement shall not entitle Executive or the Company to any additional consideration.
Term; Termination of Employment. As used herein, the phrase “Term of Employment” shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, ending on December 31, 2006, which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 days prior to the end of the then current term that the Agreement shall not be further extended. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:
Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and ending on the same date two (2) years later; provided, however, that as of the expiration date of each of (i) the initial Term of Employment and (ii) if applicable, any Renewal Period (as defined below), the Term of Employment shall automatically be extended for a two (2) year period (each a "Renewal Period") unless either the Company or Executive provides Two (2) months' notice to the contrary. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:
(a) Termination by the Company. Notwithstanding anything to the contrary in this Agreement, whether express or implied, the Company may, at any time, terminate Executive's employment for any reason other than Cause, Death or Disability by giving Executive at least 60 days' prior written notice of the effective date of termination. Company may terminate Employee's employment for Cause, Death or Disability without prior notice, except that Executive may not be terminated for substantial and willful failure to perform specific and lawful directives of the Board, as reasonably determined by the Board unless and until the Board has given him reasonable written notice of its intended actions and specifically describing the alleged events, activities or omissions giving rise thereto and with respect to those events, activities or omissions for which a cure is possible, a reasonable opportunity to cure such breach; and provided further, however, that for purposes of determining whether Cause is present, no act or failure to act by Executive shall be considered "willful" if done or omitted to be done by Executive in good faith and in the reasonable belief that such act or omission was in the best interest of the Company and/or required by applicable law. The terms "Cause" and "Disability" shall have the meaning given them under the Separation and Severance Agreement.
Term; Termination of Employment. As used herein, the phrase "
Term; Termination of Employment. As used herein, the phrase "TERM OF EMPLOYMENT" shall mean the period commencing on the Start Date and ending approximately two (2) years from the Start Date on May 31, 2000; provided, however, that, unless either the Company or Executive provides two (2) months notice to the contrary prior to the end of the Term of Employment, the Term of Employment shall automatically be extended for one (1) year periods. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following (the "TERMINATION DATE"):
Term; Termination of Employment. 1.1 The term of this employment pursuant to this Agreement shall be for a minimum of four (4) months and thereafter shall continue until terminated by High Grade or Xxxxxxxx. Either party may terminate the employment as follows: Xxxxxxxx may terminate his employment at any time and for any reason upon sixty (60) days written notice to High Grade. High Grade may terminate Xxxxxxxx'x employment at will. If High Grade terminates Xxxxxxxx'x employment without cause before April 30th, 2006, no further payments shall be due and payable to Xxxxxxxx. If High Grade terminates Xxxxxxxx'x employment following May 1st, 2006, Xxxxxxxx shall be entitled to severance pay equal to one half of the salary paid to Xxxxxxxx for the period of employment following May 1st, 2006 to a maximum of six (6) months severance pay. High Grade may terminate Xxxxxxxx'x employment for cause after reasonable notice of any non-performance has been given by High Grade to Xxxxxxxx and an opportunity has been afforded to Xxxxxxxx to remedy any instance of non-performance. For purposes of the preceding sentence, "cause" shall include, dishonesty, fraud, conviction or confession of a felony or of a crime involving moral turpitude, destruction or theft of High Grade's property, physical attach resulting in injury to a fellow employee, intoxication at work, use of narcotics or alcohol to an extent which impairs performance of duties, misconduct materially injurious to High Grade, or any breach or threatened breach of this Agreement. No severance pay shall be due and payable if Xxxxxxxx'x employment is terminated for cause.
1.2 If Xxxxxxxx'x employment is terminated, under paragraph 1.1a or 1.1c he shall continue to be bound by the terms of paragraph 5,6 and 7 of this Agreement.
Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall begin with the Effective Date and continue indefinitely. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:
