Transitional Duties Sample Clauses
The Transitional Duties clause outlines the responsibilities and actions that parties must undertake during the period when a contract is ending or a new arrangement is beginning. Typically, this clause specifies tasks such as transferring records, training new personnel, or continuing certain services for a set period to ensure a smooth handover. Its core function is to minimize disruption and ensure continuity by clearly defining what each party must do during the transition phase.
Transitional Duties. If requested by the Board and agreed to by the Executive, Executive shall complete such reasonable transitional duties as the Board may request during a period of up to thirty (30) days after the Date of Termination (or longer, as mutually agreed by the parties) for which the Company shall pay Executive an hourly consulting fee (based upon Executive’s most recent Annual Base Salary) for such transitional services under this Section 7(g).
Transitional Duties. In addition, Employee will be responsible for completing the following tasks (“Transitional Duties”) during the Employment Period: (i) transition the duties of Vice President — Corporate Development to the person(s) identified by the President; (ii) close all Company offices in New Mexico by terminating leases and cancelling utilities and other contractual support activities; and (iii) arrange for the shipment of furniture, files and other items to the Company’s office in Denver.
Transitional Duties. (a) The parties acknowledge that the services of Executive to the Company are significant, and an important aspect of the Company's future success is the appropriate transfer of management duties from Executive to his successor(s). In order to insure a smooth transition, the parties hereby agree that the Executive shall continue to provide substantial services to the Company and its management on a daily basis from January 1, 2007, until Executive reaches age seventy (70). Executive shall be deemed to be a full-time employee during this period and be paid the sum of at least Fifty Thousand Dollars ($50,000.00) per year for services rendered, unless otherwise mutually agreed to by the parties. Notwithstanding the foregoing, either party may, with or without cause, terminate Executive's duties under this Article XIII upon thirty (30) days prior written notice. No further payment shall be due upon such termination.
(b) In the event the Company gives notice that it will not continue Executive's services under this Article Without Cause, then the monthly Accrued Benefit under the plan described in Section 7.01(b) shall commence within thirty (30) days of Executive's termination.
Transitional Duties. During the Transition Period, you will remain an at-will employee and be obligated to timely and satisfactorily perform the duties of your position as Chief Scientific Officer and any other duties reasonably requested by the Company that are either consistent with your position or reasonable to ensure a smooth transition of your position (the "Transitional Duties"). For all portions of the Transition Period through October 31, 2018 (the "Initial Transition Period"), you shall perform the Transitional Duties on a full-time basis. For all portion s of the Transition Period after October 31, 2018 (for the avoidance of doubt, through no later than December 31, 2018) (the "Remaining Transition Period"), you shall perform the Transitional Duties on less than a full-time basis as may be mutually agreed. To the extent reasonably required, you shall perform the Transitional Duties from the Company's offices unless requested by the President & CEO to perform them from another location or other work location arrangements are mad e and approved by the President & CEO. The Company hereby waives its right to prohibit you during the Transition Period from owning an equity interest in any investment fund or portfolio company of ▇▇▇▇▇▇▇ Healthcare Partner s or any other entity affiliated with ▇▇▇▇▇▇▇ Healthcare Partners, including without limitation Lassen Therapeutics 1, Inc. ("▇▇▇▇▇▇▇") or any other entity or performing consulting services for ▇▇▇▇▇▇▇, provided, however that (x) consistent with the NDA , any Company Innovations (as defined under the NDA), and as modified herein, generated by you in connection with your Transitional Duties shall be assigned to the Company, and (y) you otherwise comply with your continuing obligations 1 As of the date this Agreement is provided to you, the Company has no reason to believe that you will be terminated for Cause. ACTIVE/9696 1995.2 7 1443580_2 (including, without limitation, confidentiality of Proprietary Information) under the NDA. The term, "Company Innovation s" and any analogous term in any agreement between you and the Company is hereby limited with respect to discoveries during the Transition Period relating to tRNA synthetase biology (including, for example, the therapeutic and/or diagnostic potential of tRNA synthetases, including fragments and splice variants thereof , and their receptors, including neuropilin-2, associated signaling pathway s and antibodies thereto) and which are the subject of active development wi...
Transitional Duties. From the Transition Date through the Separation Date (the “Transition Period”), the undersigned will serve as a non-officer employee of the Company, reporting to the Company’s General Counsel. The undersigned’s employment shall terminate on the Separation Date, which shall be the undersigned’s date of separation from service for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).
Transitional Duties. Be available on an as needed and remote basis through the Separation Date to consult on transitional matters as requested by any member of the Executive Team. For the sake of clarity, no supervision of employees will be required.