Transition to Part Time Employment Sample Clauses

Transition to Part Time Employment. The terms of your full time employment with NUCRYST will automatically convert to employment on a part time basis to perform the duties of Medical Director and Chair of the NUCRYST Scientific Advisory Board as requested by NUCRYST from time to time (subject to your reasonable availability). You will be paid at a rate of three hundred dollars ($300) per hour (the “Hourly Rate”) of services performed at NUCRYST’s request up to a maximum of two thousand dollars ($2,000) per day but not to exceed a maximum of twenty thousand dollars ($20,000) in any calendar quarter or the total annual maximum amount of eighty thousand dollars ($80,000) per annum; provided however that, in any event, NUCRYST agrees to pay you a minimum amount of four thousand dollars ($4,000) in any given calendar quarter regardless of whether or not NUCRYST requests the provision of any services during a particular calendar quarter. You will notify NUCRYST monthly in writing of the services performed during the previous month. The notice will set out the services performed and the total number of hours or days worked in the month and the amount payable by NUCRYST. NUCRYST will pay the amount of each notice within thirty (30) days after NUCRYST receives the notice from you. You understand and agree that you will not work in excess of 40 hours in any given week without the prior written approval of NUCRYST’s President & CEO.
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Related to Transition to Part Time Employment

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • OUTSIDE EMPLOYMENT Employee shall devote his full time and attention to the performance of the duties incident to his position with the Company, and shall not have any other employment with any other enterprise or substantial responsibility for any enterprise which would be inconsistent with Employee’s duty to devote his full time and attention to Company matters without the prior consent of the Board of Directors.

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • Subsequent Employment You agree that, while employed by NCR and for 1 year thereafter, you will communicate the contents of this Agreement to any person, firm, association, partnership, corporation or other entity which you intend to become employed by, contract for, associated with or represent, prior to accepting and engaging in such employment, contract, association and/or representation.

  • Post-Employment Cooperation Executive agrees to fully cooperate with the Employer in the defense or prosecution of any claims or actions now in existence or which may be brought in the future against or on behalf of the Employer which relate to events or occurrences that transpired or which failed to transpire while Executive was employed by the Employer. Executive also agrees to cooperate fully with the Employer in connection with any internal investigation or review, or any investigation or review by any federal, state or local regulatory authority, relating to events or occurrences that transpired or failed to transpire while Executive was employed by the Employer. Executive’s full cooperation in connection with such matters shall include, but not be limited to, providing information to counsel, being available to meet with counsel to prepare for discovery or trial and acting as a witness on behalf of the Employer at a mutually convenient times.

  • Re-Employment If a Participant who incurs a Separation from Service is subsequently re-employed, he or she may, at the sole and absolute discretion of the Plan Administrator, become a Participant in accordance with the provisions of the Plan.

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Employment Status This Agreement does not constitute a contract of employment or impose upon Executive any obligation to remain as an employee, or impose on the Company any obligation (i) to retain Executive as an employee, (ii) to change the status of Executive as an at-will employee or (iii) to change the Company’s policies regarding termination of employment.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

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