Continuation of Employment definition

Continuation of Employment. Not later than eighteen (18) months after the date of this Agreement the parties agree to meet and discuss in good faith the continuation of the Executive's employment after the term of this Agreement.
Sample 1

Examples of Continuation of Employment in a sentence

  • Continuation of Employment: The Compensation Committee may require, in its discretion, that any Participant under the Plan to whom a stock option shall be granted shall agree in writing as a condition of the granting of such stock option to remain in the employ of, or continue to provide services to, the Company or a Subsidiary for a designated minimum period from the date of the granting of such stock option as shall be fixed by the Compensation Committee.

  • Continuation of Employment Nothing in the Plan nor in any OAR granted pursuant to the Plan shall confer upon the Awardee any right to continue in the employ of the Company or of a related corporation, nor to interfere in any way with the right of the Company or of any such related corporation to terminate his or her employment or other relationship with the Company at any time.

  • Continuation of Employment: The Committee may require, in its discretion, that any Participant under the Plan to whom a stock option or stock appreciation right shall be granted shall agree in writing as a condition of the granting of such stock option or 7 stock appreciation right to remain in the employ of the Corporation or a subsidiary for a designated minimum period from the date of the granting of such stock option or stock appreciation right as shall be fixed by the Committee.

  • Continuation of Employment: The Committee may require, in its Discretion.

  • This benefit will be contingent upon your signing a Continuation of Employment Agreement, which will provide that if you voluntarily terminate your employment with the Company within thirty-six (36) months from the date of hire, you will be liable for the full loss on the sale of residence reimbursement.

  • EMPLOYMENT AFTER NORMAL RETIREMENT DATE 46 Section 10.1. — Continuation of Employment 46 Section 10.2. — Continuation of Participation 47 Section 10.3. — Mandatory In-Service Distributions 47 ARTICLE XI.

  • Continuation of Employment: The Committee may require, in its discretion, that any Participant under the Plan to whom a stock option shall be granted shall agree in writing as a condition of the granting of such stock option to remain in the employ of, or continue to provide services to, the Company or a Subsidiary for a designated minimum period from the date of the granting of such stock option as shall be fixed by the Committee.

  • Continuation of Employment and Cooperation with the Company after Change in Control.

  • Continuation of Employment Nothing contained in the Plan (or in any option agreement) shall obligate the Bank or any subsidiary corporation to employ any option holder ("Optionee") for any period or interfere in any way with the right of the Bank or a subsidiary corporation to reduce the Optionee's compensation.

  • In the event of any conflict between the provisions of this Statement of Terms and the provisions of the Plan, the provisions of the Plan shall govern.6. No Rights to Continuation of Employment or Service.

Related to Continuation of Employment

  • Termination of Employment means that the Executive ceases to be employed by the Company for any reason, voluntary or involuntary, other than by reason of a leave of absence approved by the Company.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary (other than a termination for Cause) or termination of employment by a Participant Employee for Good Reason.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Term of Employment means the period specified in Section 2 below.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Scope of employment means performance by an employee acting in good faith within the duties of the employee’s office or employment or of tasks lawfully assigned by a competent authority including the operation or use of an agency vehicle or equipment with actual or implied consent of the supervisor of the employee, but shall not include corruption or fraud;

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Employment benefits means all benefits provided or made

  • Severance Term means the twenty-four (24) month period following Executive’s termination by the Company without Cause (other than by reason of death or Disability) or by Executive for Good Reason.

  • Active Employment means you must be actively at work for the Sponsor:

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Covered employment means employment in a covered position.

  • Continuation Period shall have the meaning set forth in Section 6.9(a).

  • Post-Employment Period is defined in Section 8.2.

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Year of Employment means a period of service of 12 months.

  • Suitable employment or "suitable job" means employment or a job:

  • Executives has the meaning set forth in Section 12.2(a).

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.